Minor Elective - Personal Finance and Planning (B.Com)

Minor paper on budgeting, savings, investment avenues, insurance and tax planning for individuals.

6 MonthsDuration 5Chapters25Topics

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Syllabus · पाठ्यक्रम

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01Unit 1: Basics of Personal Finance 5 topics

Meaning and importance of personal finance
Financial goals and the life cycle
Time value of money: compounding and discounting
Rule of 72
Financial planning process

02Unit 2: Budgeting, Savings and Credit 5 topics

Preparing a personal budget
Emergency fund
Bank deposits, RD, PPF, NSC and small savings schemes
Loans, EMIs and credit cards
Credit score and responsible borrowing

03Unit 3: Investment Avenues 6 topics

Risk and return
Equity shares and the stock market
Mutual funds and SIP
Bonds, gold and real estate
Diversification and asset allocation
Role of SEBI and avoiding frauds

04Unit 4: Insurance Planning 5 topics

Principles of insurance
Life insurance: term, endowment and ULIP
Health and general insurance
Government schemes: PMJJBY and PMSBY
Role of IRDAI

05Unit 5: Tax and Retirement Planning 4 topics

Income tax basics and old and new regimes
Deductions under Section 80C and 80D
Retirement planning: EPF, PPF, NPS and Atal Pension Yojana
Nomination and will

About

You will be able to

Set financial goals and apply time value of money to personal decisions
Prepare a personal budget, plan an emergency fund and use credit wisely
Compare investment avenues such as deposits, PPF, shares, mutual funds and bonds by risk and return
Choose suitable life, health and general insurance cover
Plan tax savings and retirement and understand nomination and wills

Who it is for

B.Com students (General and Accounting & Taxation streams) of Semester 3 under the UP State Universities NEP 2020 syllabus
Students from any faculty taking Personal Finance as the minor elective
Young earners who want to manage savings, loans and investments sensibly

What you need

Basic arithmetic (percentages and interest)

Questions

Does the course recommend specific shares or funds?

No. It teaches how each product works and how to judge risk; it does not give investment tips.

Is the content up to date?

Tax limits and scheme details change with the Budget; we update notes each year and follow your university syllabus.

Which syllabus does the course follow?

It follows the UP State Universities NEP 2020 common minimum syllabus for B.Com. Where your own university's syllabus differs, the centre teaches as per your university syllabus and papers.