Concepts of Personal Finance (Text Book)  (Paperback, Dr. Khujan Singh, Chand Kiran)

Personal finance has emerged as an important subject in the area of finance. Because personal finance provides extensive insights about the financial planning, career planning, investment management, risk management, insurance planning, credit/debt management, housing planning, tax planning retirement planning and estate investment. The objective of this book is to compile the various concepts used in the management of personal finance. So that students can know these fundamental concepts in one reading at one place. A common man can also go through this book while designing his/her personal financial planning. All the old reputed books are very thick and costly, that’s why students and common men are unable to read the old books. Therefore, an attempt has been made here to write a simple short text book in the area of personal finance. This book comprises of eleven chapters. The first chapter gives the introduction of different dimensions of the personal finance. Chapter 2 is focused on the concepts of personal financial planning, Chapter 3 elaborates the risk profiling and data analysis of client, life cycle of clients, wealth cycle of clients and asset allocation. Chapter 4 covers the risk management process, importance, risk management approaches and role of risk managers. Chapter 5 explains the concepts related to the life and general insurance. In addition to that chapter 6 describes investment management process and investment avenues. Chapter 7 is devoted to the portfolio management, portfolio types and portfolio management tips. Chapter 8 explains the various types of loans and strategies to manage the various loans. Chapter 9 explains the different terms used in the tax panning, tax deductions at source, advance taxes and deduction under chapter IV of Income Tax Act, 1961. Chapter 10 elaborates the importance of retirement planning, its process, common mistakes an individual does and retirement planning investment avenues. Last but not least chapter 11 provides the check list that required before the investment in an estate and role of the real estate investment managers.