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Financial planning for salaried employees
The document discusses financial planning strategies for salaried employees and tax saving. It outlines various investment options like fixed deposits, mutual funds, equity, gold, and real estate. It describes the financial planning process and pyramid. It provides strategies for tax savings under various tax code sections. It discusses the responsibilities and learnings from an internship at Karvy Stock Broking, including portfolio analysis, client activation, and understanding stock market fluctuations.
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Financial planning for salaried employees
- 1. FINANCIAL PLANNING FORSALARIED EMPLOYEES & STRATEGIES FOR TAX SAVING SUBMITTED BY: MOHIT KUMAR REGD. NO. – 11308217 SECTION: Q1303 SUMMER INTERNSHIP PRESENTATION ON
- 2. Internship Company: KarvyStock Broking Ltd… Karvy is a member of National stock Exchange (NSE), the Bombay stock Exchange (BSE), and The Hyderabad stock Exchange (HSE). Market analysis and market predictions are done by professional management team. KARVY as covering the spectrum of financial services such as stock Broking Services, Advisory Services, Stock broking, Depository Participants, Distribution of financial products – mutual funds, fixed deposits, equities, Insurance Broking Commodities Broking, Personal Finance Advisory Services, Merchant Banking and corporate Finance, Placement Finance, Placement of equity, IPO’s, among other.
- 3. Karvy Culture: Controlledand low-cost services culture Longer volume processing capability Adherence to strict time Schedule Expertise in coordinating Multi-Location Responses Expertise in managing independent entities such as Banks, Post-offices, etc. Pooling of Group Resources
- 4. Product & Servicesoffered: • Stock Broking • D-mat service • Derivative services • Investment product distribution • Investment advisory services • Corporate finance & merchant banking • Income tax enabled services • Registrars & Transfer agents • loans • Equity trading platform • Mutual fund advisory and distribution • Insurance distribution • Commodities trading platform • Portfolio management services
- 5. Objectives: Portfolio management New client activation Build good relationship with customers Promotional activities
- 6. Let us firstknow - what is Financial Planning? Financial planning is the process of achieving your life goals by using different investment options with your current resources through proper and disciplined money management. So Financial Planning is not only about money, but it is all about life, about fulfilling your wishes, dreams, aspirations and your enjoyment in achieving them. There are only 3 major components in the Financial Planning process: Current Resources (CR) Investment Options (IO) Financial Goals (FG) Financial Planning: CR + IO = FG
- 7. The Financial Pyramid: IdealFoundation Investment Debt Reduction Emergency Fund Insurance (protection) Net worth, Cash Flow, Risk Tolerance Goal Insurance (Savings + Protection) Investment Wealth Creation Emergency & Debt Planning Protection/Risk Management Foundation of Planning
- 8. Types of investments: Investment GuaranteedReturn Investment Fixed Deposit Post-office scheme Provident Fund PPF Non-Guaranteed Return Investment Equity Mutual Fund Diversified Equity Fund Sectoral Equity Fund Stock Market Gold Mutual Fund Physical Form Commodity Mutual Fund Stock Market Real Estate
- 10. Financial Planning isan on-going process... Pre-work Goal Setting Analysis of current situation Risk Profiling Asset Allocation Implemen tation Regular Monitorin g Rebalancin g
- 11. And it securesyou and your family’s future...
- 12. Strategies for taxsaving: Taxpayer deduction under Section 80C Deductions under Income Tax for HRA under Section 10 (13A) Exemption Under Section 80D, Section 80DD, and Section 80DDB Tax Planning Strategies for Home Loan Effective Tax Planning Strategy on Education Loan: Taxpayer Related Limitations Under Section 80CCG (RGESS) Tax Planning Strategies in India – Long Term Capital Gains Long-Term Capital Gains from Sale of Equity Shares Donations Exemption under section 80G
- 13. Responsibility at thetime of internship: Birthday calling Portfolio analysis New client activation Collection of data Doing meeting with clients Weekly call Service call Punching IPO’S online Recommending shares on call
- 14. Learnings: Fundamentals ofstock brokerage Analyzing stock price fluctuations Hands on experience with ZEUS & NEST TRADE Portfolio analysis Lead generation Customer relationship management Various marketing strategies such as cold calling and canopy setups
- 15. Conclusion: Customer satisfactionis one of the core components needed to drive any company towards success. A huge fraction of the investors in India are highly active in the stock trading market because of the higher returns. Karvy gaining good response in the Demat field by providing good services. I come to know that services and returns got more importance than goodwill. In the last six months, it has opened the maximum number of Demat account at the time of new public issues than any other companies. There is one another reason of its popularity is that they providing many financial services at one place.
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