SVKM’s NMIMS ASMSOC – Course Outline

Course 742FI0E007
Code
Course Financial Planning & Wealth Management
Title
Course Prof. Kunal Pasari, Prof. Tanvi Joshi, Prof. Amit Bathia, Prof. Shalini
Instructor/s Shah, Prof. Surendar Gade, Prof. Shoaib Alam Siddique, Prof.
Hemant Dhanawat, Prof.Shreya Chakraborty
Course 4
Credit
Program BBA – Finance Elective Sem VI
and BSC(Finance) Sem VI
Semester
Pre- Basic knowledge of excel functions
Requisite Knowledge of concepts related to Time Value of Money
Learning CLO 1: To compose financial plan for different entities
Objectives CLO 2: To recommend various alternatives to meet client financial
goals
CLO 3: To analyse the impact of client risk profile on various areas
such as Retirement Planning, Child education and Marriage,
Investment planning, amongst others
Learning 1. Students will be able to UNDERSTAND various concepts of
Outcomes Financial Planning and wealth Management

2. Students will be able to APPLY these concepts in developing

Financial plans for different categories of people based on their
Risk profile, Life cycle stage and Investment psychology

3. Students will be able to EVALUATE and RECOMMEND the

investors, changes needed in their saving and investment
habits and also in selection of Investment products
Course The course will help the students acquire knowledge, skills,
Description attitudes and values required to operate ethically and responsibly
in the highly regulated financial services environment. Students
will be exposed to the important terms, and theories related to
wealth and investment management. The course will help the
students to respond to the challenges posed by the changing
nature of the financial products landscape. Students here will be
exposed not only to the theoretical concepts but also their
practical applications. It will also provide opportunities for
students to apply academic skills practically in their personal life.
Students will learn the process of creating wealth, the methods
and instruments involved as well as managing wealth
Evaluation Specific % AOL Instruments
Pattern Assessment Weig
Methods / Task htage
CLO CLO CLO
1 2 3
Mid term exam 20% Embedded Questions √
Project work 10% Rubrics √ √ √
Viva 10% Rubrics √ √ √
Class Test 10% Subjective/MCQ √
based
End Term exam 50% Embedded Questions √ √ √
(Excel based)

Note: The end term exam will be Excel Based and the course curriculum would be
taught using EXCEL
 Course Session Plan
Session Topics / Module
Introduction to wealth
1-5 management –
 Concept and Process of
Wealth management
 Factors contributing to
increased growth of
Financial planning
services
 6 Steps of financial
planning
 Key drivers of
Wealth
Management
– Risk and
return
analysis
 Different Stakeholders
of wealthmanagement
Learning Outcome:
Students will understand
the dynamics of wealth
management and financial
portfoliomanagement with
regards to Indian
investment scenario
6 – 10 Wealth Management process –
 Human life cycle
for wealthcreation
 Types of Asset Allocation
 Various sources of Income
 Various investment vehicles
Learning Outcome:
Students will understand
the investment behaviour
pattern as per life stage of
the investors
Chapters (Mention Page
Numbers) / Articles / Cases /
Material and Activities
Financial Planning & Wealth
Management: Concepts and
Practice – Joydeep Sen 1st
Edition (2020) – Chapter 1.
Pages 1 - 28
PPT – Instructor Notes
News Articles – Money
Control,Mint, ET Wealth
Online resources – Wealth
Management -
www.wealthmanagement.com
Financial Planning & Wealth
Management: Concepts and
Practice – Joydeep Sen 1st
Edition (2020) – Chapter 3.
Pages 49 – 62,
Chapter 4. Pages 63 – 82.
Chapter
5. Pages 83 - 96
Financial Planning: A Ready
Reckoner – Madhu Sinha 4th
Edition(2020) – Chapter 6.
Pages 116 – 140
PPT – Instructor Notes
News Articles – Money Control,
Mint, ET Wealth
Online resources –
WealthManagement
www.wealthmanagement.com
 Think Advisor -
www.thinkadvisor.com
11 – 15 Client profiling – Financial Planning & Wealth
 Understanding the types of Management: Concepts and
client– based on Risk Practice – Joydeep Sen 1st
Profiling Edition (2020) – Chapter 2.
 Client Pages 29 - 48, Chapter 11.
expectations – Pages 189 -200.
Goalmapping PPT – Instructor Notes
 Regulatory News Articles – Money
controls and Control, Mint, ET Wealth -
practices for Real life cases will be
financial planners discussed in class to
Learning Outcome: Students will understand the client
understand various categories of profiling process
investors based on risk – return
matrix Online resources – Risk
Profiler -
www.miraeassetmf.co.in

Case Studies and Numericals -

Hand out provided by
Instructor
16 – 55 Financial Planning – Financial Planning & Wealth
 Solution based Management: Concepts and
comprehensive planning Practice – Joydeep Sen 1st
for self and family– Edition(2020) –
Chapter 6. Pages 97 - 112,
Insurance (Bonus
Chapter 7. Pages 113 - 131.
Calculation, Surrender Chapter 8. Pages 133–149.
value, Special Surrender Chapter 9. Pages 151-164
value, Loan ValuePaid-Up Financial Planning: A Ready
and Total Paid Up value) Reckoner – Madhu Sinha 4th
Edition(2020) – Chapter 2 and
and Investment Analysis
3. Pages 21 – 88
and Planning, Retirement Chapter 7 Pages 143-182
Planning, Asset
rebalancing, Estate PPT – Instructor Notes
Planning, Children News Articles – Money
Control, Mint, ET Wealth -
education andmarriage
Real life cases will be
goals, Reverse Mortgage, discussed in class to
etc. understand the client
Learning Outcome: Students will profiling process
understand the methods of
evaluation and forecasting of Online resources – Risk
investments throughneed and Profiler -
solution based selling www.miraeassetmf.co.in
 Case Studies and Numericals -
Hand out provided by
Instructor
56 – 60 Introduction to Behavioral Financial Planning & Wealth
Finance: Management: Concepts and
 Traditional finance Practice – Joydeep Sen 1st
Theory Vs.Behavioral Edition (2020) – Chapter 12.
finance Theory Pages 203 - 216
 Concepts in Behavioral
finance – Expected utility
theory and Allais Paradox
 Importance of Behavioral
Finance
 Behavioral Biases:
Overconfidence,
Anchoring, Cognitive
Dissonance, Availability,
Self attribution,
Conservatism, Self Control
and Mental Accounting
bias

Learning Outcome:
Students will understand the
basics of Investors
psychology and link it to his
variousinvestments patterns
basis different
market, personal scenarios
Prescribed Text Books:
Financial Planning & WealthManagement: Concepts and Practice –
Reading Joydeep Sen 1st Edition(2020)
List and References:
References 1. Personal Financial Planning: By Randy Billingsley, Lawrence
J. Gitman,Michael D. Joehnk 15th Edition (2020)
2. Introduction to financial planning: By Indian Institute of
Banking and Finance (2020), Taxmann Publications Pvt Ltd
3. Financial Planning & Analysis and Performance
Management by JackAlexander (2018)
4. Financial Planning: A Ready Reckoner: By Madhu Sinha 2nd Edition
(2017)
5. Retire Wealthy - Easy Strategies for All: By Madhu Sinha (2019)
6. FPSB India Study Material
7. Goal-based Investing: Theory and Practice: By Romain
Deguest, LionelMartellini, Vincent Milhau (2021)
8. Wealth Management: By Dun and Bradstreet (2020)
9. Modern Asset Allocation for Wealth Management: By David M.
Berns (2020)
 Prepared by Faculty Approved by Program Approved by Associate
Members Chairperson Deans
CA Kunal Pasari

Approved by I/C Dean –

ASM SOC

Component Marks Tentative dates

Mid term Exam 20 14th-16th March

Project Work 10 Feb end- March end
Continuous
evaluation
Viva/Presentation 10 Beginning of April
Class Test 10 Mid April