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Lovely Professional University,Punjab

Format For Instruction Plan [for Courses with Lectures and Labs

Course No MGT958


Course Planner 15419 :: Danish Khanna

Lectures Tutorial Practical Credits 3 0 0 3

Text Book:

1 Workbook of CPFA of NSE in Indian available On the following link:-

Other Specific Book:

2 Jack R Kapoor, Les R Dlabay, Robert J Hughes, Personal Finance, McGraw-Hill/Irwin; Edition 2005. 3 Jeff Madura, Personal Finance with Financial Planning Software Addison Wesley; Edition 2006. 4 Joehnk, Gitman, Personal Finance A Users Perspective, Cengage Learning, Edition 2009.

Other Reading Sr No Jouranls atricles as compulsary readings (specific articles, Complete reference) 5 The seven ways to shortlist the right stocks, Outlook money, Vol 7, Dec 2008, pg 66-67 6 Pension plans- Why & how, Outlook money, Vol 8, March 2009, Pg 51-59 7 New Pension Scheme, 'Make Haste Slowly' , Money Today, Vol 4, March 2009, pg 36 - 45 8 '10 easy steps to tax filing' , Outlook Money, Vol 8, July 2009, pg 16-19 9 'Ascertain the dividends' ,Outlook money, Vol 8, April 2009, pg 40- 41 10 'Don't put all your eggs in one basket', James H Wilson; William G Droms 11 Cory Chmelka 'Premium Financing: The Time Is Now', The CPA Journal, New York: Sep 2009. Vol 79 12 'Investment planning: What's hot, what's not' Phyllis J Bernstein 13 Robert D, B. Peter L., The Right Way to manage your Pension Fund, Harvard Business Review, Jan 1988 14 Caroline, S. John, What Health Consumers Want, Harvard Business Review, December 2007 15 Nathan's need to know: Personal finance, Ref:2-Pg 44/ Ch 1/ Part1-4 1 Approved for Spring Session 2011-12

16 Estimating the total life insurance coverage, Ref:2- Pg 76-77/Ch3/ 1 17 Selecting a suitable health insurance policy, Ref:2- Pg 78-79/Ch3/1 18 Case study on estimating the retirement income, Ref:2- Pg 157-158/Ch 6/1 19 The Aggarwals tackle their Tax Return, Ref:2- Pp 116-117/ Ch 3/ Part1-4 20 "A complete financial plan "

21 "The benefits of comprehensive financial planning" 22 "The Three Components of Financial Planning"

23 "Implementing Personal Financial Plan" 24 'The Sampsons Case" Ref. 2- Pg 127-128/ Ch5/ Part 1-3 25 "Consumer credit" using credit wisely Pg 202/ Ch 6- part2-2

26 "Air Canada case- risk management" 27 "Capital gain and loss- case study" 28 "David Silva's personal financial plan" 29 "Phoebe Morrison's personal financial plan" Relevant Websites Sr. No. (Web adress) (only if relevant to the courses) 30 31 Investment 32 33 34 35 36 37 38 39 Salient Features Insurance, debt management, Credit , investing Provides information on investment management Articles on personal finance Comparison of term life insurance and whole life insurance Information regarding different types of credit cards is given. Retirement planning case study on riskireturn tradeoff case study on risk measurement

Estate planning Tax Planning Provides information on Tax Planning Articles on loans, etc.

Approved for Spring Session 2011-12

40 41 Tax Planning India.mht

Article on health insurance Articles on tax planning

42;tools;for;personal;fi Online tools for personal finance and tax nance;and;text;where;and;what;to;look;for/ 43;life/insurance; 44 45 Information regarding insurance quotes Information regarding forms to be filled for return, PAN Video on Bond Vs Stock

Detailed Plan For Lectures

Week Number Lecture Number Lecture Topic Chapters/Sections of Pedagogical tool Textbook/other Demonstration/case reference study/images/anmatio n ctc. planned

Part 1
Week 1 Lecture 1 Lecture 2 Basics of Financial Planning, Need for Financial Advisory Services Scope of Financial Advisory Services, Financial Planning Delivery Process ->Reference :1,1 ->Reference :1,1 ->Reference :15,case study Case Study: Nathan's need to know: Personal finance, Ref:2-Pg 44/ Ch 1/ Part1-4 Practical Exercise: Students are required to plan their monthly budget and prepare cash flow staement

Lecture 3

Understanding Client's Situation and Goals, Client's ->Reference :1,1 Investment Risk Profile, Analyzing Client Needs, Recommending Investment Strategy

Week 2

Lecture 4 Lecture 5

Concept of time value of money in single and series. ->Reference :1,1 Types of Risk : Market Risk, Reinvestment risk, ->Reference :1,2 Interest rate risk, Purchasing power risk, Liquidity risk, Political risk, Exchange rate risk, Inflation Risk, Tax Rate Risk Management of the risks for client in different time horizons, concept of alpha and Beta and their exposure methods ->Reference :1,2

Lecture 6

Approved for Spring Session 2011-12

Week 3

Lecture 7

Measuring the Risk: Standard deviation, Beta including portfolio beta, Variance, Semi-variance and Covariance

->Reference :1,2 ->Reference :29,case study- risk measurement" ->Reference :1,2

Case: "Phoebe Morrison's personal financial plan" case study on risk measurement

Lecture 8 Lecture 9

Measuring the Risk- Coefficient of Variation and correlation, Probability, Mean, Median and Mode

Managing the Risk : Diversification (Types, Product, ->Reference :1,2 Time, Diversifiable and un-diversifiable risk), Hedging Relationship between risk and return, Ability and willingness to take risk, optimal portfolio allocation, Time Value of Money, Annuities ->Reference :1,3 ->Reference :26,"risk management- case study"

Week 4

Lecture 10

Part 2
Week 4 Lecture 11 Net Present Value, Real and Nominal rates, Compounding, Time Weighted Return vis-a-vis Money Weighted Return ->Reference :1,3 Excell applications

Lecture 12

Real(Inflation Adjusted) Vs. Nominal Return, ->Reference :1,3 Holding Period Return, CAGR & IRR, Total returns, Risk-adjusted returns Capital Gains, Types i.e. STCG and LTCG and taxation ->Reference :1,3 Reference 26: ->Reference management- case :26,management- case study study" ->Reference :27,"Capital gain"- case study ->Reference :1,4 ->Reference :1,4 ->Reference :1,4 ->Reference :28,case study ->Reference :1,4 Case Study: "David Silva's personal financial plan" case study on risk return trade off

Week 5

Lecture 13

Lecture 14 Lecture 15 Week 6 Lecture 16

Returns, Capital Protection, Inflation, Taxation, Liquidity, Divisibility Small Savings Schemes- Different types of Schemes and there structures Features Fixed Income Instruments- Different types of Fixed income instruments and there Features

Lecture 17

Mutual Fund Products- Different types of Mutual Fund Products and their Features

Approved for Spring Session 2011-12

Week 6

Lecture 18

Active and Passive strategies

->Reference :1,5 ->Reference :5,Shortlist the right stocks

Week 7

Lecture 19

Strategic Asset Allocation, Application of client ->Reference :1,5 lifecycle analysis, Client risk tolerance measurement ->Reference and application :9,'Ascertain the dividends' Asset class definition and correlation, tactical asset allocation, Fixed and flexible allocation ->Reference :1,5 ->Reference :11,case study- premium financing

Lecture 20

Lecture 21

Rebalancing strategies, Formulae based monitoring ->Reference :1,5 and revision of portfolios ->Reference :10,Investment Decisions ->Reference :12,'Investment planning'

Week 8 Lecture 22 Risk management, law of large numbers, Personal ->Reference :1,6 risk management, Risk control and risk financing ->Reference :14,Health Insurance Nature and Function of Insurance; Categories of insurance, features: Insurance of Health Life insurance Needs analysis ->Reference :1,6 ->Reference :17,health insurance policy ->Reference :1,6 ->Reference :16,Life Insurance ->Reference :1,7 ->Reference :18,Retirement Planning ->Reference :1,7 ->Reference :6,Pension plans ->Reference :7,New Pension Scheme VArious plans of LIC for Life and Health insurance can be discussed Reference :18,Retirement Planning

Lecture 23

Lecture 24

Week 9

Lecture 25

Retirement Planning process

Lecture 26

Annuities, its types, Pension Plans

Reference :6,Pension plans

Approved for Spring Session 2011-12

Week 9

Lecture 27

Shifts in Assets Allocation before and during retireme,

->Reference :1,7 ->Reference :13,The Right Way to manage your Pension Fund ->Reference :1,7

Reference :13,The Right Way to manage your Pension Fund

Week 10

Lecture 28 Lecture 29

Reverse Mortgage and features Various heads of incomes, Exemptions in Income tax applicable to various categories

->Reference :1,8 Reference :8,10 easy ->Reference :8,10 easy steps to tax filing' steps to tax filing'

Part 4
Week 10 Week 11 Lecture 30 Lecture 31 Wealth Tax Act and its implication for clients Estate Planning need and creation of Will and various formats ->Reference :1,8 ->Reference :1,8 ->Reference :19,Tax return- Case study Reference :19,Tax return- Case study

Lecture 32

Complete Financial plan, Benefits of comprehensive ->Reference financial plan :26,complete financial plan ->Reference :27,The benefits of comprehensive financial planning Essential components of comprehensive financial plan Implementing Personal Financial Plan ->Reference :28,Components of Financial Planning ->Reference :29,"Implementing Personal Financial Plan" ->Reference :1,9 ->Reference :1,9 ->Reference :1,9 ->Reference :1,9

Lecture 33

Week 12

Lecture 34

Lecture 35 Lecture 36 Week 13 Lecture 37 Lecture 38 Lecture 39

Government Regulation, Self Regulation, Interface with the Judicial System Government Regulation, Self Regulation, Interface with the Judicial System Ethical Issues in providing Financial Advice Ethical Issues in providing Financial Advice Revision

Approved for Spring Session 2011-12

Spill Over
Week 14 Lecture 40 Key Acts and Key Acts, Statutes and Regulations of ->Reference :1,4 & 9 Financial Markets Unit 9.4/1 Derivatives and Commodities- Essential Features , Types and Applications Mutual Fund Performance, Benchmark and Peer ->Reference :1,3 performance, Sharpe ratio, Treynor Ratio, Jensen's Alpha Unit 3.5, 3.6 / 1

Lecture 41

Details of homework and case studies

Homework No. Objective Topic of the Homework Nature of homework (group/individuals/field work Evaluation Mode Allottment / submission Week 2/5

Homework 1

To develop the interest in the subject

Each student will keep a scrap book in which he/she will paste a Individual news article related to personal finance and will analyze the news taking into consideration different parameters like effect of the news on consumer, on the Govt. and on the society as a whole

5 marks for Submission, 5 marks for the articles chosen and 10 marks for the analysis 5 questions of 1 mark each, 5 questions of 2 marks each and 1 question of 5 mark. 5 marks for the write up, 10 marks for the presentation and 5 marks for question handling

Test 1

To know the Syllabus covered till 6th Week subject knowledge of the student



Case study 1

To know the practical knowledge of the students

A group of 5 students will compare atleast 2 insurance policies and will find out which one is best for which age group.


3 / 12

Scheme for CA:out of 100*

Component Homework,Test,Case study Frequency 2 Total :Out Of 3 Each Marks Total Marks 10 10 20 20

Approved for Spring Session 2011-12

* In ENG courses wherever the total exceeds 100, consider x best out of y components of CA, as explained in teacher's guide available on the UMS

Approved for Spring Session 2011-12