An in-house training session was organized on 16th & 23th November 2021 on the topic “Introduction to Personal Finance” by Dr. Priti Sharma (Area Chair Finance). During the session, the importance of financial planning was emphasized. The discussion on the day one of training was focused on importance of setting financial goals and assessing an individual’s risk tolerance. An overview of key asset classes and various investment products was also provided to participants. On day two of training, an active discussion took place on how to assess the gap between the present allocation of funds and financial goals and deciding on a yearly or lumpsum investment required to meet these goals. The session ended with a detailed discussion on the selection of the right investment product, which included the selection of a suitable mutual fund scheme based on risk analysis and consistency of returns. The participants gained in terms of better understanding of financial planning and investment management.
