Professional Documents
Culture Documents
On
FINANCIAL PLANNING OF INDIVIDUALS
Completed in
SPA CAPITAL SERVICES LTD.
Of the Requirement
Submitted To:
I hereby declare that this Project Report titled Financial Planning Of Individuals
submitted by me to Banarsidas Chandiwala Institute of Professional Studies, Dwarka
Sec-11 is a bonafide work undertaken during the period from 1st June to 6th August
2016 by me and has not been submitted to any other University or Institution for the
award of any degree diploma / certificate or published any time before.
Date: / / 2016
TANVI AGGARWAL
Enrol. No.: 10161203915
BONAFIDE CERTIFICATE
This is to certify that as per best of my belief the project entitled Financial Planning
Of Individuals is the bonafide research work carried out by TANVI AGGARWAL
student of MBA, BCIPS, Dwarka, New Delhi during June-July 2016, in partial
fulfilment of the requirements for the Summer Training Project of the Degree of
Master of Business Administration.
He / She has worked under my guidance.
--------------------
Dr. Aparna Mishra
(Internal Guide)
Date:
Counter signed by
-------------------
Dr. Shamsher Singh
(Acting Director)
Date:
Acknowledgement
The internship opportunity I had with SPA Capital Services Ltd. was a great chance
for learning and professional development. Therefore, I consider myself as a very
lucky individual as I was provided with an opportunity to be a part of it. I am also
grateful for having a chance to meet so many wonderful people and professionals who
led me though this internship period
I would also like to thank Ms.Vibhati Singh Asst. Manager (HR), SPA Capital
Services Ltd., New Delhi, for providing me with the opportunity of pursuing my SIP
in this prestigious organization and also for helping me in each and every process.
A special thanks to my faculty guide Dr.Aparna Mishra( Assistant Professor) who has
been the chief facilitator of this project and helped me enhance my knowledge in the
field of Oil and gas Industry.
I would also like to express my gratitude towards Dr. Shamsher Singh (Acting
Director) who has supported to carry on this research work.
2. Chapter1-Introduction 8-21
The initial part of this report contains the brief information about the Financial
planning and its constituents, portfolio investment. This research has been done
keeping in mind the requirement for saving funds n\and getting appreciation in the
form of returns from investing the funds in optimum portfolio. The research has been
conducted by collecting primary data through questionnaire designed and filled by
110 respondents and the data is compiled using various analytical and mathematical
tools such as percentage method, pie diagram and charts for graphic representation
and tabular formation of data. This research has helped in building understanding
about the financial literacy level of individuals and to understand their financial
objective and investment. The research has been done to know the preferences of
individuals regarding various investment avenues. This topic for study was chosen to
suggest and provide with the avenues in which SPA Capital can improve and grow in
their services. It will provide the information about prospective buyers, individuals
perspective about risk return and investment options so that company can expand in
other areas as well.
CHAPTER-1
INTRODUCTION
1.1 INTRODUCTION - FINANCIAL PLANNING
Financial Planning is the process of meeting life goals through the proper
management of finances. Financial planning is a process that a person goes through to
find out where they are now (financially), determine where they want to be in the
future, and what they are going to do to get there. Financial Planning provides
direction and meaning to persons financial decisions. It allows understanding of how
each financial decision a person makes affects other areas of their finances. For
example, buying a particular investment product might help to pay off mortgage faster
or it might delay the retirement significantly. By viewing each financial decision as
part of the whole, one can consider its short and long-term effects on their life goals.
Person can also adapt more easily to life changes and feel more secure that their goals
are on track.
Factors to be considered
Contingency Planning
Risk coverage
Tax Planning
http://www.ifinltd.in
1.2.1CONTINGENCY PLANNING
Contingency means any unforeseen event which may or may not occur in future.
Contingency planning is the basic and the very first step to financial planning. It was
found that a large number of people have invested in financial planning instrument
but have ignored their contingency planning.
If person is not planned for contingencies he will use his long term investment to fund
such crises. It is a thumb rule that one should have three times money of monthly
salary in liquid form to support contingency.
Every individual is exposed to certain type of risk whether it is due to loss or damage
of personal property, loss of pay due to illness or disability; or even due to death.
Such risk cannot be determined but on occurrence there may be a financial loss to the
individual or their family. Proper personal financial planning should definitely include
insurance. Basically, insurance provides a safety net to provide the necessary funds
when one meets with events like accidents, disabilities or illnesses. One main
contribution of insurance is that it helps provides peace of mind, knowing that enough
funds are at hand in the event when things do not go the way it should be.
Life Risk - Every individual is prone to risk of losing life its a naked truth but
what is not certain is the time of death. In terms of financial planning,
covering life risk means insuring the life of the person through proper life
insurance plan. Insurance protects us from the contingencies that could affect
us.
Health Risk - Lifespan of Indian is known to have increased nowadays, and
senior citizens strive to stay healthy and active as they age. However, the older
person gets the more extensive healthcare is needed. Health insurance is an
insurance Policy that insures against any medical expenses. Insured medical
expenses will be taken care of by the insurance company provided
person pays their premium regularly.
Property Coverage - Property Coverage insures personal property from
damage, destroy or stolen. Dwelling coverage also known as Homeowners
Insurance offers protection against direct physical damage caused to the
dwelling, including rooms, fireplaces, carpeting, and tile floors and elements
of decor. Person Property Coverage can insure the contents of home, i.e. the
items person regularly use which are not a permanent part of their house's or
apartment's structure, such as furniture, television sets, bikes, clothing,
appliances, utensils and tools. Personal Property Coverage can be used in
appliance to valuable information saved in a hard-copy form or as electronic
data. Auto insurance is compulsory in
most states, and the insurance has different types of benefit or coverage.
When investors have established their overall financial plan and are interested in
managing and enhancing their wealth by investing in an optimal combination of
financial assets. Wealth should be evaluated and managed within the context of a
portfolio, which consists of the assets holding of an investor.
o Safety of Fund
o Liquidity
o Reasonable returns
o Appreciation in Capital
o Tax planning
We all know that risk and returns are directly related. Higher the risk, higher will be
the returns. As a portfolio manager one must understand the concept of risk and
return, because determining a portfolio of a particular client it is necessary to know
how much risk he can bear and how much returns he is expecting.
Various sources of risk makes financial assets risky,. The following are the modern
portfolio sources of risk.
Interest Rate Risk:- The risk which arises due to variability in securities
returns resulting from changes in interest rate. This type affects bonds more
directly than common stocks but affects both.
Market Risk:- The variability in returns resulting from fluctuations in the
overall market i.e. the aggregate stock market is referred to as market risk.
All securities are exposed to market risk, although it has major impact on
common stocks.
Inflation Risk:- A factor which affects all components of a portfolio is
purchasing power risk, or the chance that the purchasing of invested dollars
will decline with uncertain inflation the real (inflation- adjusted) returns
involves risk even if nominal return is safe.
Business Risk:- The risk of doing business in a particular industry or
environment is called business risk.
Financial Risk:- Financial risk is associated with the use of debt financing by
companies. Financial risk involves the concept of financial leverage.
Liquidity Risk:- Liquidity risk is the risk associated with particular
secondary market in which a security trades. The more uncertainty about the
time element and the price concession, the greater the liquidity risk.
Systematic Risk - It is the risk attributable to a road macro- factors affecting all
securities.
Non Systematic - Risk attributable to factors unique to the security.
For measuring portfolio risk is measured by the variance (or standard deviation) of its
return. Although the expected return on portfolio is the weighted average of the
expected returns on individual securities in the portfolio, portfolio risk (measured by
the variance or standard deviation) is not the weighted average of the risks of
individual securities in the portfolio ( except when the returns from the securities are
uncorrelated)
In symbols: E (Rp) = Wi E ( Ri )
n
Variance (2) = [ Ri - E(Ri) ]2 Pi
i=1
https://www.quora.com
Fixed Deposits
Bonds
Mutual Funds
Insurance
Tax Planning
Commodities
Stocks
As the name suggests, it is the deposit of money for a fixed period with a specific
interest rate. In this the amount of money deposited cannot be withdrawn before the
period of maturity and if in case the amount or the part of amount is withdrawn
before the period of maturity then a specific fees is deducted from the total amount
and the rest amount is handed over to the depositor.
1.5.2 INSURANCE
People buy insurance policies for the safety of their family members and their
products.
Insurance is necessary to ensure that the basic necessities of life, comfort and pleasure
derived by all of us from our living continue to be available for us.
People buy life insurance policy because they realize the need of protection for their
families after their death or of a reserve for emergencies and of additional income for
later years.
Life insurance protects against loss of income of an individual. Life insurance does
not protect the asset. It also does not prevent its loss. So it can be said that insurance
covers the risk of ones life and property.
Life Insurance - Life Insurance policy is the most popular and taken by the most
number of people. Many of us buy life insurance policies, because we want to make
sure our loved ones remain financially secure after we die. Insurance companies offer
both individual as well as group insurance policies.
As far as mutual funds are concerned, SEBI formulates policies and regulates the
mutual funds to protect the interest of the investors. SEBI notified regulations for the
mutual funds in 1993. Thereafter, mutual funds sponsored by private sector entities
were allowed to enter the capital market. The regulations were fully revised in 1996
and have been amended thereafter from time to time. SEBI has also issued guidelines
to the mutual funds from time to time to protect the interests of investors.
All mutual funds whether promoted by public sector or private sector entities
including those promoted by foreign entities are governed by the same set of
Regulations. There is no distinction in regulatory requirements for these mutual funds
and all are subject to monitoring and inspections by SEBI. The risks associated with
the schemes launched by the mutual funds sponsored by these entities are of similar
type. It may be mentioned here that Unit Trust of India (UTI) is not registered with
SEBI as a mutual fund (as on January 15, 2002).
India (UTI) is not registered with SEBI as a mutual fund (as on January 15, 2002).
Mutual fund is a mechanism for pooling the resources by issuing units to the
investors and investing funds in securities in accordance with objectives as disclosed
in offer document.
Investments in securities are spread across a wide cross-section of industries and
sectors and thus the risk is reduced. Diversification reduces the risk because all stocks
may not move in the same direction in the same proportion at the same time. Mutual
fund issues units to the investors in accordance with quantum of money invested by
them. Investors of mutual funds are known as unit holders.
http://www.sharetipsinfo.com
1.5.5 COMMODITIES
However there are regional commodities exchanges functioning all over the country.
Karvy Commodities Broking PvtLtd, has got membership of both the premier
commodity exchanges i.e. MCX and NCDEX.
CHAPTER- 2
COMPANY
PROFILE
SPA Group was promoted by a team of finance professionals in 1995 with an
objective to provide value added financial services. Initially, the Group focused as a
niche financial solutions provider in corporate finance and wealth management to
Indian companies and high net worth individuals. In January 2000, the Group
expanded its operations and the range of services. Today, SPA provides services for
securities broking, merchant banking, wealth management, financial advisory,
corporate finance, risk management and insurance broking.
SPA is being managed by its promoters along with a young and dynamic team of over
500+ professionals with rich experience, in their respective fields. The Group has
established itself as one of Indias leading financial advisory house, offering various
financial solutions to its Institutional, corporate and individual clients.
Customer centric approach of SPAs dedicated professional team has helped carve a
niche for itself in financial services arena and won confidence of its clients. Clients of
SPA are from a wide spectrum and comprise of Banks and other financial institutions,
Mutual funds, Insurance companies, foreign institutional investors, public sector
undertakings and government departments, private corporates, trusts and individuals.
https://www.owler.com/iaApp/10453698/spa-capital-services-company-profile
2.1 GROUP COMPANIES
SPA Group of companies is the flagship Company of the Group and is engaged in
providing Wealth Management and Financial Advisory services to institutions,
corporates, and individuals since 1995. The Company is a leading distributor of
Mutual Funds in the country and presently has assets over 19000 crores under its
management. The Company has successfully positioned itself as a strategic advisor to
its customers for wealth management with its customer centric approach and
innovative solutions.
2.2 VISION
2.3 MILESTONES
Since 1994, with the coming into existence of the SPA Group, we have diversified
into a complete financial solution providing house, catering varied needs of our
clients ranging from investment advisory services to investment banking, corporate
re-structuring, distribution and broking services, risk management and insurance
advisory. Within a short span of time, the Group has made a place for itself in the
midst of the top financial solutions provider in the country
2.4 SERVICES
1. Merchant Banking
SPA Capital Advisors Limited is engaged in private placement of debt
instruments, structuring of the various financial products as per the
requirements of the borrowers along with various other pre-issue and post
issue services.
The Company has made notable and considerable progress in a short span in
the debt-oriented merchant banking activities by successful placement of
various debt primary issues. This is also reflected through the ranking by
Prime Database, which has ranked the Group amongst the top 10 service
providers in this segment. The Company was able to achieve above ranks on
the basis of its performance in just two financial years since it commenced
investment & merchant banking activities.
The Company for its Merchant & Investment Banking activities has found
patronage as an Arranger with various central public sector undertakings like
HUDCO, NTC, ITI, MECON, IISCO SAIL, REC, KRCL, public sector banks
and financial institutions. Also the Company has had privilege to provide its
services to various state level undertakings of Andhra Pradesh, Karnatka,
Kerela, Tamil Nadu, West Bengal, Punjab, Haryana, Himachal Pradesh,
Jammu & Kashmir, Maharashtra, Gujarat and Rajasthan. In the private sector,
the Company has provided its services to various domestic and MNC
corporates.
Now, the Company has started providing Equity Oriented Merchant Banking
services to its customers on strength of its research based structuring
capabilities and strong distribution network. Presently, the Company is
providing services for private placement of equities, public issues and right
issues.
2. Insurance
SPA Insurance Broking Services Ltd is the insurance broking company of the
group providing life and general insurance advisory services.
3. Mutual Fund
The SPA Group, on strength of its research based customer centric approach
and impeccable servicing, is recognized as one of the leading financial advisory
service providers in the country.
SPA Capital Services Ltd., the flagship company of the group provides investment
advisory services. The company is engaged in advisory and distribution services of
mutual funds and is ranked amongst top 10 intermediaries in the country. The
Company provides customized solutions to the requirements of High Net worth
Individuals and Corporate clients. Our strength lies in our ability to advise on
investment strategies and structures, develop innovative products and distribute
amongst a wide network of investors across the country. We have constantly
endeavored to develop new instruments, tailor made to the requirements of our
clients, enabling them to earn efficient post tax returns in accordance with their
specific risk, return and maturity profiles. The company also has a distribution
network of 200 sub-brokers across India being serviced by its eight branches.
The company is currently having Asset under Management of over Rs. 22,000 crore
with above 1 lac satisfied customers.
4. Securities Broking
Debt Broking
5. Research
At SPA a separate department is being continuously endeauring to provide the
best possible. Equity Research on a periodic basis. The department consists of
experience financial professionals who provides in depth fundamental research
on different sectors and companies.
A separate experienced team is also being put in place who are providing
technical research by using different financial softwares. They provide
Intraday Calls, short term calls. Every morning a report is being provided as
Morning glance which provides the daily technical view about the market.
Fundamental Research
Technical Research
6. Internet Trading
SPA Securities Ltd. Online is one stop financial investment portal for all your
financial needs. You can do online trading in Equities, Derivatives.
At SPA, client services always come first & thus, we always endeavor to offer you
latest online products, with state-of-the art technology, to serve you better. Rest
assured, we, at SPA, will help you realize your dream of financial freedom backed
by sound in-house research & excellent advisory capabilities.
-Greater Transparency
Financial position
Adequate protection
Tax planning
Retirement planning
Estate planning
The topic-Financial Planning for Individual Investors was selected to find out
the risk appetite and investment potential of Indian Investors to invest in these
instruments and what percentage component are these instruments in an optimal
portfolio.
Prior to the development of portfolio theory the investors dealt with the concept of
risk and return loosely. Then portfolio theory was later on developed by Harry
Markowitz in 1950, it was the first attempt to quantify the risk of a portfolio and
develop a methodology for determining an optimal portfolio. Shares, mutual funds,
ULIP, tax planning, gold, silver etc. are all the constituents of a portfolio.
-To identify the investment avenues which attract individuals the most
The study highlights the areas related to investment products or services where
SPA CAPITAL can improve the service rendered by them and expand. The
study gives information about prospective buyers. It provides the feedback
from customers regarding their problems and their perception about investing
in SPA CAPITAL so that the company can improve their services.
The researcher has to think about what procedure and techniques should be adopted in
the study. He should arrive at the final choice by seeing that the methodology chosen
for project is indeed the best one, when compared with others.
Research design is the first and foremost step in methodology adopted and
undertaking research study. It is overall plan for the collection and analysis of data in
the research project. Thus it is an organized, systematic approach to be the
formulation, implementation and control of research project.
Infact, a well planned and well balanced research design guards against collection of
irrelevant data and achieves the result in the best possible way.
The universe of study being large, researcher has to resort to sampling method of data
collection. On the basis of a section of the population selected in a prescribed manner
one is able to deduce for the population. For the sample results to be applicable on the
population, sample should be adequately chosen so to make it representative and
reliable.
Population: People of age group between 20 and 60
Data are the bricks with which the researcher has to make a house. While the quality
of research finding depends on the data, the adequacy of appropriate data in turn
depends upon proper method of data collection. A number of methods are at the
disposal of the researcher of which one has to select the most appropriate one for
visualizing the research objective. Thus one has to see that the method adopted is
compatible with the resources and research study.
5.3.1 Primary Data: Data which are collected fresh and for the first time and thus
happens to beoriginal in character. Primary data are gathered for specific
purpose.
5.3.2 Secondary data: Data that collected from primary data i.e., they are already
existing. For the purpose of our study we collected both the data.
Secondary data through induction manual, magazines, corporate journals and web
site &
In my study the main emphasis was on the questionnaire method. I have used
questionnaire method which is designed kept in mind the objectives of my study.
Question, which were asked, were of multiple choice in nature and were closed ended.
Secondary data through data available on existing research paper on the same subject,
worldwide web, articles in newspapers, financial industry reports, Financial Planning
board of India reports and article, reports published by Government of India, etc.
Support was also provided by the project guide by giving inputs from her years of
experience.
Age
50% 46%
40%
20-30
30% 25.50%
18.20% 31-40
20%
10.90% 41-50
10%
50 and above
0%
20-30 31-40 41-50 50 and above
GENDER
Male 55 50
Female 55 28%
Figures in the above table and below to the figures indicate percentage to the
respective row and column total. Above table clears from out of 100%
respondents row and column, 72 % of respondents are male and remaining
respondents are female. It clears that out of 104 respondents 75 are male and 29
are female.
Sex of Respondents
50%
40%
Male
30% 50% 50%
Female
20%
10%
0%
Male Female
EDUCATIONAL QUALIFICATION
Graduate 37 33.6%
Others 12 10.9%
Education
10.9%
Post Graduate
11.8%
43.6% Graduate
Non Graduate
Others
33.6%
OCCUPATION
Occupation
50.00%
Salaried
40.00%
30.00%
20.00% 42.60% Self Employed Professional
33.30%
10.00% 21.30%
0.00% 2.80% Self-Employed Non
Professional
Retired
MONTHLY INCOME
Monthly Income
18.10%
33.30%
Up to Rs.20,000
Rs.20,001-40,000
Rs.40,001-60,000
21.00%
Above Rs.60,000
27.60%
Income Saved
49.50%
50.00%
40.00% 0-10%
29.00%
30.00% 10-20%
0.00%
0-10% 10-20% 20-30% 30-40%
30.00% Good
20.00% Average
10.00% Poor
7.30% 43.60% 48.20% 0.90%
0.00%
Very good Good Average Poor
DO YOU INVEST YOUR MONEY?
Invest Money
100.00%
88.00%
80.00%
Yes
60.00%
No
40.00%
20.00% 12.00%
0.00%
Yes No
50.00%
Investment Options
53.40%
40.00%
30.00%
20.00%
Kind of Investor
80.00%
70.00%
70.00%
60.00%
50.00%
40.00% Risk Adverse
30.00%
30.00% Risk Lover
20.00%
10.00%
0.00%
Risk Adverse Risk Lover
WHICH INVESTMENT PATTERN DO YOU PREFER?
Investment Pattern
22.00%
Low Risk Low Return
High Risk High Return
78.00%
Yes 84 82.4%
No 18 17.6%
The table contains 92.72% respondents in time to manage investment affairs wise
classification. No of respondents who have time are 82.4% and who dont have time
are 17.6%
100.00%
82.40%
80.00%
Yes
60.00%
No
40.00%
17.60%
20.00%
0.00%
Yes No
Take advice
100.00%
Yes
50.00% 84.30% No
15.70%
0.00%
Yes No
IF YES THEN FROM WHOM YOU TAKE
ADVICE/INFORMATION/REFERENCE
Source of advice/awareness
7.40%
no 17 17.5%
Total 97 100%
The table contains 88.18% respondents in diversification of portfolio wise
classification. No of respondents who have diversified portfolio are 82.5% and who
dont are 17.5%
Portfolio Diversified
17.50%
Yes
82.50% No
Kind of Return
68.60%
80.00%
0.00%
Avg. Return Above Avg. Return
WHAT IS YOUR FINANCIAL OBJECTIVE?
Financial Objective
19.40% 14.60% Ensure a comfortable
10.70% 13.60% Retirement
Principle Safety
41.70%
Safeguard against
Contigencies
Reconsider decision
6.00%
Yes
No
94.00%
Active 60 58.3%
Passive 43 41.7%
0.00%
Fixed deposits Mutual funds
WERE YOU SATISFIED ON THE PREVIOUS INVESTMENT YOU MADE?
No 7 7.3%
Total 96 100%
The table contains 87.27% respondents in satisfaction from previous investment wise
classification. No of respondents who are satisfied are 92.7% and not satisfied are
7.3%
Yes
No
92.70%
Frequency of Investment
16.00%
Monthly
30.00% Quarterly
21.00%
Half Yearly
23.00%
Annually
The major findings of the survey on financial planning of individuals about their preferences
Most of the individuals are falling in age group 20-30 and post
graduated.
Equal number of males and females were part of the survey.
Most of the respondents were salaried and self-employed
professional.
Maximum individuals have income above Rs60,000 and they save
20-30% of their income.
Most of the individuals consider their financial literacy level to be
average and invest their money for returns
These individuals are more interested in banks as an investment
option and maximum of them are risk lover.
Maximum Investors aims at low return as they want to have low risk
attached to it.
Individuals want to hold investment for short term
Maximum individuals get time to manage their investments and
mostly take information, advice from friends or relatives.
They like to have diversified portfolio.
Most of the people prefer to invest in public banks as compared to
private banks
Respondents like to have avg. return and mostly their financial
objective is to meet their future expenses
According to most of the individuals, they reconsider their
investment decision.
Maximum individuals are active investors and they have gained high
satisfaction from their previous investments.
The frequency level of investment is monthly and maximum
financial assets owned by them are fixed deposits
Individuals save every month something from their regular income.
CONCLUSION
From the above study, it can be analysed that most of the individuals are financially
literate who have knowledge and awareness about their investments. The most
preferred investment option is banks as it involves low risk and yields average returns.
As it has been seen that most of the individuals holds fixed deposits, it represents their
interest in banks. They prefer to invest in public banks.
After all this it can be stated that the fundamental corner stones of successful
investing are:
Keep a regular check on investment and modify plans as and when needed.
People need to be educated and informed about Financial Planning and this provides a
greater opportunity to financial product distributer like SPA CAPITAL SERVICES
LIMITED. Companies can arrange for seminars and sessions through which they can
provide information to people and in return can get prospective clients from the
audience. In this way both the audience and the company can also be benefited.
Financial planning is not a onetime activity; the initiative should be taken by financial
planner to put this forward to their client. Company can also provide information
about various other investment options to the individuals in which company deals in
such as mutual funds.
Reasons which can be possible for not undertaking financial planning are:
People want to start financial planning later They need to understand that
financial planning is needed at every stage of life and earlier we start is better.
Waiting to have money to do financial planning - Individuals should realize
that they need a plan to have money and not money to have a plan.
Lack of knowledge there are plenty of books and websites that can help to
gain the knowledge of financial planning. A person can even engage a
certified financial planner for this purpose.
No financial education
Leaving planning options and choices to others
Relying on advisors
Give no priority to personal finance management
No clear or specified financial goals
BIBILOGRAPHY
BOOKS
MAGAZINES
RESEARCH PAPERS
WEBSITES
http://profit.ndtv.com/2008/01/16190747/Compare-Different-Insurance-
Pl.html
http://business.rediff.com/report/2009/may/15/perfin-types-of-life-
insurance.html
http://www.mywealthguide.com/persnl.html
http://www.kingswoodconsultants.com/LifetimeFinancialPlanning.html
http://www.businessgyan.com http://www.itrust.in/financial-
planning/article.action/What-Is-Financial-Planning-India
http://www.dnaindia.com/money/report_union-budget-2009-10-
highlights_1271503
http://finance.mapsofworld.com/savings/india/household.html
http://www.spacapital.com/capital.aspx
http://www.fpsbindia.org/scripts/LearnFinancialPlanningBasics.aspx
http://www.ifinltd.in/OtherServices/FinancialPlanning/Components-Of-
FP
https://www.quora.com/Which-are-the-high-risk-high-return-mutual-
funds-in-India
http://www.sharetipsinfo.com/flowdiagram.html
http://www.hdfcfund.com/KC/ContentDisplay.aspx?ReportID=1D6A68B
5-ACF7-4BC3-9EFE-EA18B1D88EE3
ANNEXURES
QUESTIONNAIRE
Age Group
20-30
31-40
41-50
50 and Above
Gender
Male
Female
Educational Qualification
Post Graduate
Graduate
Non Graduate
Others
Occupation
Salaried
Self Employed Professional
Self Employed Non Professional
Retired
Monthly Income
Up to Rs.20,000
Rs.20,001-40,000
Rs.40,001-60,000
Above Rs.60,000
If you invest your money in banks then what type of bank you prefer?
Public/Government Banks
Private Banks
What kind of investment return you expect from your investment?
Avg. Return
Above Avg. Return
Below Avg. Return