PROJECT REPORT ON

“A STUDY ON AWARENESS AND KNOWLEDGE ON FINANCIAL PLANNING

AND WEALTH MANAGEMENT OVER STUDENTS AND EMPLOYEES IN
BENGULURU”
Submitted in partial fulfilment of the requirements for the award of the Degree of
MASTER OF BUSSINESS ADMINSTRATION
Of
BENGLURU NORTH UNIVERSITY

Submitted by: PONNOLU VINAY KUMAR REDDY

REGISTER NUMBER: P19NU22M015035

Under the guidance of

Asst. Prof. DR.B.ADHINARAYANAN MBA, M.Phil., Ph.D.
Associate professor

PATEL INSTITUTE OF SCIENCE & MANAGEMENT

K. AGRAHARA, OUTER RING ROAD, BEHIND
WORLD SAKARA HOSPITAL, BENGALURU 560103
Bengaluru North University
2023-24
 CERTIFICATE

(COLLEGE LETTER HEAD)

This is to certify that Mr. PONNOLU VINAY KUMAR REDDY, bearing Reg. No. P19NU22M015035
has successfully completed the project entitled “A study on awareness and knowledge on financial planning
and wealth management over students and employees in Bengaluru” for the partial fulfilment of the
requirements for the award of Master of Business Administration under Bengaluru North University for the
Academic year of 2023-24.

Dr. Ashok A R Gowda

Director
 GUIDE CERTIFICATE

This is to certify that the Project Report title” A study on awareness and knowledge on financial planning
and wealth management over students and employees in Bengaluru” Submitted by PONNOLU VINAY
KUMAR REDDY bearing P19NU22M015035 to Bangalore North University, Bangalore for the award of
Degree of MASTER OF BUSINESS ADMINISTRATION is a record of work carried out by her/him -
under the esteemed guidance of Associate professor DR.B.ADHINARAYANAN MBA, M.Phil., Ph.D.at
Patel Institute of Science and Management, Bengaluru. This is not submitted to any other university or
institution for the award of any degree or diploma certificate. Date: Place: Bengaluru Signature of the
Guide

Date:
Place: Bengaluru Signature of the Guide
 DECLARATION BY THE STUDENT

I hereby declare that “A STUDY ON AWARENESS AND KNOWLEDGE ON FINANCIAL

PLANNING AND WEALTH MANAGEMENT OVER STUDENTS AND EMPLOYEES IN
BENGULURU” is the result of the project carried out by me under the guidance of Associate professor
DR.B.ADHINARAYANAN MBA, M.Phil., Ph.D. in fulfilment of the award of a master’s degree in
business administration by Bengaluru North University.
I also declare that this project is the outcome of my efforts, and it has not been submitted to any other
University or Institute for the award of any other degree or diploma Certificate.

Date: Name: PONNOLU VINAY KUMAR REDDY

Place: Bengaluru Register number: P19NU22M015035
 ACKNOWLEDGEMENT

Preparing research of this nature is an arduous task and I was fortunate enough to get support from many
people to whom, I shall always remain grateful. I would like to express my gratitude to Patel Institute of
Science and Management, Honourable Chairman Sir, Honourable Managing Director Madam, Respected
Dean sir, and Respected Director Dr. Ashok A R Gowda, MBA, Ph.D., for allowing me to undertake this
project. I am also desirous of mentioning my profound indebtedness to guide Associate professor
DR.B.ADHINARAYANAN MBA, M.Phil., Ph.D. for the valuable advice, guidance, precious time, and
support offered. Last but not the least, I would also like to thank my parents and all my family members
and the respondents for giving me their precious time, relevant information, and advice without which I
would not be able to complete this project.
 LIST OF CONTENTS

CHAPTER NO TITTLE PAGE NO

1 INTRODUCTION

2 REVIEW OF LITERATURE

3 RESEARCH METHODOLOGY

4 INDUSTRY PROFILE

5 ANALYSIS AND INTREPRETATION

6 FINDINGS
CONCLUSION
SUGGESTIONS

7 ANNEXURE
 BIBILOGRAPHY
 QUESTIONNAIRE
 WEEKELY REPORT
 LIST OF TABLES
SL.NO TITLE OF TABLES PAGE.NO
5.1 Table showing the age of the respondents

5.2 Table showing the gender of the respondents

5.3 Table showing the occupation of the respondents

5.4 Table showing the martial status of the respondents

5.5 Table showing the overall understanding level of financial planning

and wealth management

5.6 Table showing the current financial situation

5.7 Table showing the source rely for financial information

5.8 Table showing the how familiar with various types of financial
instruments

5.9 Table showing importance of managing the portfolio

5.10 Table showing the significant importance of compounding interest

5.11 Table showing the saving habits

5.12 Table showing the currently invested any portion from your income

5.13 Table showing the percentage of income you have invested

5.14 Table showing the importance of budgeting and managing expenses

achieve financial objectives

5.15 Table showing the investment decisions based on factors

5.16 Table showing the investments avenues you prefer to invest

5.17 Table showing the tracking the performances of your investment

5.18 Table showing the preferred duration to invest

5.19 Table showing the losses you prefer to deal

5.20 Table showing the rate of willingness to take risk

5.21 Table showing the primary goal to invest

5.22 Table showing the consideration of tax that influencing your

investment decisions

LIST OF GRAPHS
SL.NO TITLE OF TABLES PAGE.NO
5.1 Graph showing the age of the respondents

5.2 Graph showing the gender of the respondents

5.3 Graph showing the occupation of the respondents

5.4 Graph showing the martial status of the respondents

5.5 Graph showing the overall understanding level of financial planning

and wealth management

5.6 Graph showing the current financial situation

5.7 Graph showing the source rely for financial information

5.8 Graph showing the how familiar with various types of financial
instruments

5.9 Graph showing importance of managing the portfolio

5.10 Graph showing the significant importance of compounding interest

5.11 Graph showing the saving habits

5.12 Graph showing the currently invested any portion from your income

5.13 Graph showing the percentage of income you have invested

5.14 Graph showing the importance of budgeting and managing

expenses achieve financial objectives

5.15 Graph showing the investment decisions based on factors

5.16 Graph showing the investments avenues you prefer to invest

5.17 Graph showing the tracking the performances of your investment

5.18 Graph showing the preferred duration to invest

5.19 Graph showing the losses you prefer to deal

5.20 Graph showing the rate of willingness to take risk

5.21 Graph showing the primary goal to invest

5.22 Graph showing the consideration of tax that influencing

your investment decisions
 CHAPTER-1
INTRODUCTION
INTRODUCTION:
Financially secured and fulfilling all monetary benefits is the dream of every individual in the world.
Financial well-being is a vast concept discovered by economists which is the combination of various
concepts such as income level, job security, the standard of living, sanitation, healthcare facilities,
environmental and social quotient, etc. Financial well-being is also known as financial wellness. The
financial wellness state is the situation of the person as well as the company in terms of monetary benefits
to receiving and obligations to be paid. Let's briefly discuss the concept as it is becoming an essential part
of life.

1.1 NEED FOR FINANCIAL WELL-BEING:

We can manage our money which includes the balancing or matching concept of accounting. The matching
concept of accounting states expenses incurred in an accounting period should be matching with the
revenue earned during that period. There is a relationship between the matching concept and financial
wellness because it is the process of balancing our expenditures owe to pay with the incomes we are
earning.

1.2 FINANCIAL PLANNING:

Financial planning is a systematic and comprehensive process that involves evaluating one's current
financial situation, setting financial goals, and creating a strategy to achieve those goals. It encompasses
various aspects of personal finance, including savings, debt management, budgeting, retirement planning,
tax planning, educational planning, investments, risk management, estate planning etc,

1.SAVINGS:
Savings is a crucial component of personal finance and financial planning. It involves setting aside a
portion of income for future needs, emergencies, and long-term goals Saving money is essential for
achieving financial stability and security. By consistently saving, individuals can prepare for
unexpected expenses, reduce financial stress, and work towards long-term goals such as buying a home,
starting a business, or retiring comfortably.
Implementing saving strategies helps individuals establish clear financial goals, develop discipline in
managing their money, and ultimately achieve a greater sense of financial well-being.

2.DEBT MANAGEMENT:
Debt management is a crucial aspect of personal finance that involves effectively handling and repaying
debts to achieve financial stability. Proper debt management helps individuals reduce financial stress,
improve creditworthiness, and work towards long-term financial goals
Debt is an obligation paid by the borrower to the lender it may include long-term debt which has a
repayment period of more than one year and short-term debt which has a repayment period of less than a
year. Managing these long-term and short-term debts helps the organization to reduce the hindrance to
saving profits and

making investments in the other organization. Knowing credit management techniques is helpful in
slowdown credit risk and building credit score gives access to better borrowing rates, auto loans, and other
large purchases.

3.BUDGETING:
Budgeting is a fundamental financial management tool that involves creating a plan for how you will
allocate your income to cover your expenses, save, and achieve financial goals. A well-designed budget
provides a roadmap for managing money effectively, avoiding overspending, and working towards
financial stability.
Creating and sticking to a proper budget allocation is the foundation for financial freedom. It provides a
proper plan to manage the house's petty expenses and the organization's miscellaneous expenses. For
instance, creating a budget for the monthly expenses of the mother. In this process, the mother distributes
the salary for the expenses such as electricity, edibles, newspaper, vegetables, etc. In the same way, the
financial management process is done by the finance department in the organization including keeping
track of payments and receipts, maintaining proper records for the transactions, etc.

4.RETIREMENT PLANNING:
Retirement planning is the process of setting financial goals, creating a savings strategy, and making
investment decisions to ensure a comfortable and financially secure retirement. This involves estimating
future expenses, determining the amount of money needed for retirement, and developing a plan to
accumulate and manage those funds.

Planning for retirement begins with knowing your financial goals and finding the means necessary to
accomplish them. It also involves identifying sources of income, estimating future expenses, developing a
savings program, and managing assets and risks.
Although this process can be intimidating, it does not have to be difficult. By starting early, considering all
the crucial factors, and following the steps needed, you can prepare adequate resources for retirement.

5.TAX PLANNING:
Tax planning is a crucial aspect of financial management that involves organizing financial affairs in a way
that minimizes tax liabilities while optimizing available tax benefits. Effective tax planning helps
individuals and businesses legally reduce the amount of taxes owed, leading to increased savings and
improved financial outcomes.

The purpose of tax planning is to ensure that, while a client is planning for retirement, college
funds, investments, etc, they are also losing as little as possible to taxes. Tax planning brings together all
the different components of a comprehensive financial plan and figures out how they will work together in
the most tax efficient manner. Tax planning itself does not involve investments or accounts, but rather it
refers to the direction of said investment and accounts in order to maximize tax savings. For example, say a
client goes to a tax planner. They may work together to decide that opening an IRA is the best way to
reduce the client's taxable income.

Tax saving scheme:

1.National saving certificates (NSC)

2.Public provident fund (PPF)
3.Kisan Vikas Patra (KVP)
4.Post office scheme (POS)
5.Postal life insurance
6.Special scheme for retirement

6.EDUCATIONAL PLANNING:
Educational planning involves strategically preparing for educational expenses, whether for oneself or
family members. It includes setting financial goals, exploring funding options, and making informed
decisions to ensure access to quality education.

By planning ahead and making informed decisions about their education, individuals can ensure that their
educational experiences are aligned with their personal and professional aspirations and that they are
making the most of their opportunities. Education planning also helps individuals to stay on track, manage
their resources effectively, and overcome any obstacles that may arise along the way. The cost of education
is influenced by several factors, including the type of institution, location, a program of study, and length of
the program.

7.INVESTMENTS:
Investing involves committing money or capital to an asset or venture with the expectation of generating a
positive return over time. It is a key component of financial planning and wealth building. A good
investment strategy considers various factors, such as economic trends, market conditions, and the
investor's financial situation. It may involve diversifying the portfolio across different asset classes such as
stocks, bonds, and real estate and using various investment vehicles such as mutual funds, exchange trade
funds (ETF), or individual securities.

An investment strategy can be either active or passive. An active strategy involves actively managing the
portfolio buying and selling assets to outperform the market.

8.RISK MANAGEMENT:
Risk Management involves identifying and analysing potential risks that could negatively impact an
organization’s financial performance. Its purpose is to develop and implement strategies to mitigate those
risks. Organizations can use various risk management strategies to manage these risks It is a vital process
for any organization that seeks to protect its financial assets and ensure financial stability. These strategies
are designed to help organizations reduce the impact of potential risks and protect their financial well-
being. It is a critical function that helps organizations protect their financial assets, make informed
decisions, and maintain stability even during economic uncertainty or market turbulence.

9.ESTATE PLANNING:
Estate planning determines how your estate will be handled after your death or in the event of
incapacitation. This process includes the distribution of assets to heirs, the settlement of estate taxes, and
the arrangement of funeral proceedings. The assets involved in most estate plans include cash in bank
accounts, investment accounts, retirement accounts, and insurance policies. These plans may also include
real estate, vehicles, business interests, works of art, and sometimes even debt. Most individuals prepare an
estate plan with the assistance of a financial professionals to guarantee that their desires are carried out
precisely as they desire. Estate planning can help preserve family wealth, provide for a surviving spouse or
children, fund grandchildren's education, or leave a charitable legacy.

Estate planning cuts the time and cost of dying intestate, which happens when you die without leaving a
will. When you die "intestate," state law dictates what happens to your assets and who gets them. The case
will be sent to probate court. No one can touch your assets or follow your orders during this time.
Everything is on hold until the court reviews your estate, applies state laws, pays off debts, and allocates
your assets. It can take months or years for prominent cities and wealthy regions to complete this process.
Furthermore, legal fees and other related expenses can be high.

1.3 WEALTH MANAGEMENT:

Wealth management is a high-end investment advisor service that provides holistic financial planning and
management services to wealthy clients. Wealth managers use a collaborative approach to learn more about
the unique circumstances of their customers and then create a personalized plan using a range of financial
products and services. Wealth management is assessing and making decisions about your wealth to meet
your financial objectives. It would be best to manage your wealth (measured by your assets and cash) to
grow it or keep it from diminishing in value.

A wealth manager can do this for you by gathering information about your circumstances and tailoring a
personalized strategy that utilizes a variety of financial products and services. Services available through
wealth management offer a one-stop shop for all sorts of financial advisers. Wealth management firms
offer a broad and sophisticated range of financial services to their wealthy clients.

A financial advisor often charges a fee that is equivalent to 1% of the assets they are managing. However,
the cost decreases as your investment increases.

India’s wealthy are relatively young compared with their international countries. The demographic
difference presents an opportunity to create new products and services to address to the population. India’s
wealth management services sector is largely fragmented. Firms take a long-term view while evaluating
potential returns on investments. We recommend wealth managers consider the following to succeed in
Indian market:

*Build your brand and focus on overcoming the trust barrier.

*Invest in advisor technology to improve advisor productivity and retention.

*Evaluate a partnership-based model.

Some companies are started working in this direction. Here are the list of some companies:

1.ICICI asset management company

2.HDFC asset management company

3.Reliance asset management company

4.UTI asset management company

5.Birla sun life asset management company

6.Religara asset management company

7.Kotak Mahindra asset management company

8.Tata asset management company

9.Franklin Templeton

10.L&T finance limited.

11.Morgan Stanley

12.Axis asset management company

13.Balaji holdings or Balaji capital

14.Motilal oswal asset management company

15.Muthoot asset management company

INVESTMENT AVENUES IN MARKET:

Investment avenues are different ways that where you can invest your money.

1.Savings account

2.Bank fixed deposit

3.Public provident fund

4.National saving scheme

5.Post office saving

6.Mutual funds

7.Government bonds
8.Insurance

9.Debentures

10.Bonds

11.Equity share market

12.Commodity share market

13.FOREX market

14.Real Estate

15.Gold

16.Chit funds

SOME OF THE IMPORTANT CAPITAL INVESTMENT AVENUES ARE EXPLAINED

BELOW:

1.Equity share market:

An equity market provides investors access to the stocks of publicly traded companies. It is an excellent
way for companies to raise capital and for investors to generate substantial wealth. There are a variety of
equity markets serving different categories of companies and investors.

If you have not heard of equity market, I am sure you must have heard of the stock market or vice versa.
This is because they are often used interchangeably. An equity market is an integral part of the global
financial system. These markets offer a myriad of benefits like enabling wealth creation for investors,
allocating capital and facilitating investment in businesses.

2.MUTUAL FUNDS:
A mutual fund is an investment vehicle in which a pool of investors collectively put forward funds to an
investment manager to make investments on their behalf. The fund is regulated by the Securities Exchange
Commission, or SEC. When involved with a mutual fund, each investor benefits proportionally to the
amount of money they invested. Mutual funds may invest in stocks, bonds, money market instruments, or
other assets.

Depending on the vehicle of investment and redemption patterns, mutual fund investment can offer tax
benefits.

3.DEBENTURES:
A debenture is an instrument issued by a company that acknowledges its debts to the holder under its seal.
A debenture is a loan certificate issued by the company to its holders. Instead of borrowing entire funds
from an individual, a company can divide the funds into certain small denominations or parts (i.e.,
debentures).

Debentures carry interest at a certain percent (e.g., 8%). As it is a loan taken by a company, it is repaid after
a specified period or at the option of the company as per the terms of the issue. There are no legal
restrictions on the price for which debentures are issued. Debentures may be issued at par, at discount, or at
premium, as in the case of shares.

4.BONDS:
A bond is a fixed-income instrument that represents a loan made by an investor to a borrower (typically
corporate or governmental). A bond could be thought of as an I.O.U. between the lender and borrower that
includes the details of the loan and its payments. Bonds are used by companies, municipalities, states, and
sovereign governments to finance projects and operations. Owners of bonds are debtholders, or creditors,
of the issuer.

Bond details include the end date when the principal of the loan is due to be paid to the bond owner and
usually include the terms for variable or fixed interest payments made by the borrower.

5.COMMODITY SHARE MARKET:

A commodity market is a type of marketplace that lets an individual indulge in buying, selling, and trading
raw materials or even primary products. A commodity market facilitates an exchange of physical goods
among residents in a country. Individuals aiming to diversify their portfolio can undertake investments in
both perishable and non-perishable products, thereby not only mitigating the risk factor but also providing
a hedge against inflation rates in an economy. There are majorly two types of commodities markets are,

*Hard commodities:

Precious metals- Gold, Platinum, Copper, Silver etc

Energy-Crude oil, Natural gas, Gasoline etc

*Soft commodities:

Agriculture-Soybeans, Wheat, Rice, Coffee, Corn, Salt etc

Livestock and meat-Live cattle, Pork, Feeder cattle etc

6.FOREX MARKET:
The forex market allows participants, such as banks and individuals, to buy, sell or exchange currencies for
both hedging and speculative purposes. The foreign exchange (forex) market is the largest financial market
in the world and is made up of banks, commercial companies, central banks, investment management
firms, hedge funds, retail forex brokers, and investors.

The forex market allows participants, including banks, funds, and individuals to buy, sell or exchange
currencies for both hedging and speculative purposes. The forex market operates 24 hours, 5.5 days a
week, and is responsible for trillions of dollars in daily trading activity.
Forex trading can provide high returns but also brings high risk. The forex market is made up of two levels:
the interbank market and the over the counter (OTC) market. The forex market is not dominated by a single
market exchange, but a global network of computers and brokers from around the world. Forex brokers act
as market makers as well and may post bid and ask prices for a currency pair that differs from the most
competitive bid in the market.

7.REAL ESTATE:
Real estate is defined as the land and any permanent structures, like a home, or improvements attached to
the land, whether natural or man-made. Real estate is a form of real property. It differs from personal
property, which is not permanently attached to the land, such as vehicles, boats, jewellery, furniture, and
farm equipment. Real estate is considered real property that includes land, and anything permanently
attached to it or built on it, whether natural or man-made.

There are five main categories of real estate which include residential, commercial, industrial, raw land,
and special use. Investing in real estate includes purchasing a home, rental property, or land.

Indirect investment in real estate can be made via REITs or through pooled real estate investment.

8.CHIT FUNDS:
chit fund is a rotating saving scheme that has been a part of India’s financial system for more than a
century now. It is also known as chit, chitty or kuree. Chit fund is an excellent financial instrument for both
– saving and borrowing. As a savings instrument, it gives a good return on investment, and as a borrowing
scheme, it can be a reliable source of funds in emergencies and otherwise.

In a chit fund scheme, a group of people contribute periodically towards the chit value for a duration equal
to the number of investors (members or subscribers). The amount collected is given to the person, who is
either selected through a lucky draw (lottery system) or an auction. In the auction allotment system, the
person who bids the lowest bid (agrees to claim the lowest amount) gets the money.

9.INSURANCE:
People buy insurance policies for the safety of their family members and their products. Insurance is
necessary to ensure that the necessities of life, comfort and pleasure derived by all of us from our living
continue to be available for 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 one’s life and property. A fundamental principle of
insurance is to put you in the same financial condition after the loss or injury as you were before it. The
aim of all insurance is to compensate the owner against loss arising from a variety of risks, which he
anticipates, to his life, property and business. All insurance contracts are based on the information
provided by the insured in the proposal form.
Types Of Insurance Available: -

Home Insurance

Vehicle insurance

Life Insurance

Health Care Insurance

Medical Insurance

Travel Insurance

10.TAX PLANNING:
Tax planning is the analysis of a client's overall financial situation and conditions in order to craft a
financial plan that can be executed in the most tax-efficient manner. Tax planning is an essential
component of a well-crafted financial plan.
The purpose of tax planning is to ensure that, while a client is planning for retirement, college funds,
investments, etc, they are also losing as little as possible to taxes.

Tax planning brings together all the different components of a comprehensive financial plan and figures
out how they will work together in the most tax efficient manner. Tax planning itself does not involve
investments or accounts, but rather it refers to the direction of said investment and accounts in order to
maximize tax savings.

1.4 SOME OF THE IMPORTANT INVESTMENTS IN MONEY MARKET:

1.TRESURY BILLS:

Treasury bills are short-term obligations of the government that are issued by the Central Government
to tide over short-term liquidity shortfalls. Treasury Bills in India constitute the main instrument of
short-term borrowings by the Government.
There are two types of Treasury Bills: Ordinary and Adhoc. Ordinary Treasury Bills are issued to the
public and RBI but on the contrary Adhoc Bills are issued only to the RBI. They can be issued by
tender (when required by the government) or by Tap (any time). They have maturities like 91-days,
182-days and 364-days and do not carry an explicit interest rate (or coupon rate). They are instead sold
at a discount and redeemed at par value. Hence the implicit interest rate is a function of the size of the
discount and period of maturity. Though the yield on the Treasury Bills is low and taxable. They are
virtually risk free.

2.CERTIFICATE OF DEPOSIT:
Certificate of deposit was introduced in India in 1991. It is a scheme of raising funds by commercial
banks, except rural banks and is a negotiable receipt of funds. Due to their negotiable nature, they are
also called Negotiable Certificate of Deposit (NCD). It may be in a registered form or a bearer form.
The later is more popular as it can be transacted more readily in secondary markets. Unlike Treasury
bills, this carries an explicit rate of interest. Subscribers to the Certificate of Deposits are Individuals,
Corporations, Companies, Trusts, Funds and Associations etc.
The conventional deposits though have a fixed maturity, the depositors can withdraw them prematurely,
whereas in case of Certificate of Deposits the investors have to wait till they mature. Though interest on
certificate of deposits is taxed, it is still a popular form of short-term investments for companies due to
following reasons:
*These certificates are fairly liquid.
*They are generally risk free.
*They offer a higher yield as compared to conventional deposits.

3.COMMERICAL PAPER:

Commercial papers were introduced in India in 1990 with a view to enabling highly rated corporate
borrowers to diversify their sources of short-term borrowings and to provide as additional instruments
to investors. Commercial paper is a short-term unsecured promissory note issued to financially strong
and high credit rating companies at a discount to face value by well-known. They are issued in
multiples of Rupees 5 Lakhs and for maturities between a minimum of 15 days and a maximum up to
one year from the date of issue. They have a buy-back facility and no prior approval of RBI is needed
for the issue of Commercial Paper. The main advantage of investing in Commercial Paper is that it
offers return as per the prevailing market rate. But they are not liquid and are taxed, hence not a very
lucrative investment avenue.

4.TERM DEPOSITS:
Banks accept term deposits for periods ranging from 7 to 5 years. The interest rates on the Term
Deposits vary from 3.5% (on deposit for 7 days) to 5.75% (on deposits of 5 years). The interest rate
rises sharply as the period of deposits increases from 30 days to 180 days. Most banks currently offer
about 5.5% for a one-year deposit. Beyond one year the interest rate tapers off. Investing in Term
Deposits provides security of Principal along with assured returns. But, with the declining interest rates
they are less attractive. Also, the post-tax returns are also low.

5.GOVERNMENT SECURITIES:
The Government securities comprise securities issued by the Government of India and the State
Governments. These are the lowest risk category instruments in the economy. These securities are
issued through auctions conducted by the RBI, where the Central Bank decides the coupon rate based
on the response received. Most of these securities are issued as fixed interest-bearing securities, though
the government sometimes issues zero coupon instruments and floating rate securities also.
The main advantage of investing in G-sec’s is that they guarantee the security of principal along with
assured returns as per the coupon rate of the underlying security. Also, they are highly liquid and there
is no Tax deducted at source. But trading in G-secs requires an SGL account. Also, it requires constant
tracking of the price vis-à-vis yield to maximize returns.

1.5 ASSET ALLOCATION:

Asset allocation refers to the distribution of different types of asset classes across an investment portfolio.
Common asset classes are:
• Stocks (Equities)

• Bonds (fixed-income securities)

• Cash

That definition can be expanded to include other types and forms of assets, such as:

• Options

• Real estate

• Gold

• Cryptocurrencies

The overarching goal of asset allocation is to multiply returns. The pace and nature of those returns
changes with age and risk tolerance. At a younger age, you might invest in riskier and speculative
investments, willing to take a loss here and a profit there, with the goal of making as much money as
possible. The same investing cycle undergoes a strategic shift to more conservative and income-generating
instruments as you reach retirement.

ASSET ALLOCATION STRATEGIES:

Two common asset allocation strategies are:

1.DIVERSIFICATION:
Diversification is an investment strategy that involves spreading assets across a variety of investments to
reduce risk and potentially enhance returns. This type of asset allocation was popularized by the Modern
Portfolio Theory developed by Harry Markovitz. Stock markets and bonds do not always move in tandem.
A strategy of diversification relies on taking advantage of the difference in returns and price movements in
asset classes. Investors can use the absence of correlation at certain times between these two asset classes
to rebalance their portfolios constantly. Examples for diversification of funds are.:

*Index funds: Index funds are a type of mutual fund or exchange-traded fund (ETF) that aims to replicate
the performance of a specific market index. These funds are designed to provide investors with broad
market exposure and low-cost diversification by tracking the performance of a particular index, such as the
S&P 500 or the FTSE 100.

2.STATIC AND DYNAMIC ASSET ALLOCATION:

n a static asset allocation, the investor decides on a financial goal, researches asset classes, and allocates
funds to different asset types. The horizon for this type of asset allocation is long-term and changes, if any,
to the portfolio are made infrequently.

In contrast, changes to a portfolio that uses a dynamic asset allocation strategy are frequent. Such portfolios
may be rebalanced on a daily, weekly, or monthly basis depending on the state of markets.
1.6 ASSET MANAGEMENT:
Asset management in finance is the process of directing assets of an investor's portfolio, usually by a
financial services company. It is a practice meant to improve wealth over time by acquiring, maintaining,
and trading investments that can potentially grow in value. Central to its service is identifying the financial
goals of clients and then working to achieve those goals through portfolio management, that is, increasing
the portfolio’s value while carefully mitigating risks.

1.ASSET MANAGEMENT SERVICES:

Asset management services are provided by large corporate entities, independent financial advisors, and
portfolio managers that specialize in working with high network individuals, corporations, governments, or
other institutions with substantial investment portfolios.

The main services that asset management include:

PORTFOLIO MANAGEMENT SERVICE (PMS):

Portfolio Management Service offers professional financial portfolio management of your PMS
investments with an aim to deliver consistent returns. Portfolio Management Service relieves you from all
monitoring hassles with benefits like regular reviews, strong risk management flexibility, and makes it an
ideal PMS investment avenue for high-net-worth investors.

MORTGAGE PLANNING:

Mortgage planning is the process of evaluating and choosing the best mortgage options based on an
individual's financial situation and goals. It plays a crucial role in personal finance, as buying a home is
often the largest investment most people make. By understanding the different types of mortgages and their
implications, homeowners can make informed decisions that lead to long-term financial stability.

ASSET PROTECTION:

Asset protection is adapting strategies to guard the wealth of individuals and business entities. It also
protects assets from creditor claims by utilizing asset protection techniques to limit the access of creditors
to specific valuable assets without violating the debtor-creditor law. For businesses, strategies utilized in
planning for asset protection include using separate legal structures or arrangements, such as partnerships,
corporations, and trusts.

Structures that will work best for businesses depend largely on the kinds of assets the business owns and
the type of creditors that would most likely pursue claims against the business.
 CHAPTER-2
REVIEW OF LITERATURE
(Mustafa, 2023)Financial planning for retirement is essential to ensure that people have enough money to
live the lifestyle they desire when they retire. Self-employed business owners in developed countries
widely do financial retirement planning. However, in Malaysia, the percentage of self-employed
individuals concerned about financial retirement planning is lower than in other countries. This study aims
to identify the relationship between the financial attitude, financial literacy and health literacy of self-
employed individuals toward sustainable financial retirement planning in Malaysia and find out the
moderating effect of the role of financial advisors. The study utilized structural equation modelling. Data
were collected through a survey questionnaire and analysed using SMART PLS 3.3. The total sample size
was 416 self-employed individuals from the northern Malaysian region. The findings revealed that
financial attitude and financial literacy significantly impact retirement planning. Moreover, the role of
financial advisors moderates the relationship between financial attitude–financial retirement planning and
financial literacy–financial retirement planning. The result of the study will fulfil the needs of self-
employed individuals to plan their retirement by including the financial planning determinants needed for a
well-planned retirement.
(Zhang, 2022). Over the past 40 years of reform and opening up, China’s economic development has
entered a fast lane, creating a blue ocean of wealth management business. Carrying out wealth management
education for college students, cultivating their “high financial quotient” and paying attention to the
training of students’ abilities in wealth management are the correct guidance to adapt to the new
requirements of wealth management industry in the new era and meet the differentiated needs of wealth
management, and also are effective ways to cultivate discipline system and professional talents specializing
in wealth management. Therefore, it is suggested to build a research platform of wealth management,
establish academic journals of wealth management, promote the healthy development of social wealth and
family finance, and provide strategic advisory services for college students to learn wealth management
concept, so as to achieve synergy.
(Pallavi Dogra, 2023)Financial literacy has been identified as an important functional area that attains a
special concern in the Indian government policies and plans specially designed for the financial market.
SEBI has issued various guidelines and awareness programs towards investment financial products, digital
payment systems, consumer protection and so on. Therefore, the purpose of the present article is to analyse
the level of financial literacy among youngsters in India. The study examined the relationship between the
antecedents of financial literacy, that is, financial attitude, financial knowledge and financial behaviour.
The theoretical purposed model was tested with the help of primary data that was collected with the help of
the self-structured questionnaire. A total of 647 responses were obtained from the respondents belonging to
the holy city Mathura, Uttar Pradesh, India. To identify the financial literacy antecedents and their inter-
relationship, exploratory factor analysis (EFA), confirmatory factor analysis (CFA) and structural equation
modelling were applied to the collected data. The findings indicated that in the case of the Indian
population, financial attitude and financial behaviour were significantly associated with financial literacy.
The moderation analysis reveals that males are more particular about financial knowledge and financial
behaviour in comparison to females. Respondents belonging to the age group of 26–30 years have better
financial knowledge. Respondents who have income more than ₹800 thousand and below two years have
more financial knowledge. This article contributes to the theoretical body of knowledge by providing
insights about the interesting topic of financial literacy by identifying its antecedents. The study also
highlights the impact of the demographic variables as moderators on the antecedents of financial literacy.
The outcomes of the study are vital for the government in the designing of public policies. The findings are
helpful for the educational program designers for the outlining of the programs and syllabus for the
subjects taught in the schools and colleges. The findings are useful for the bank managers to understand the
psychological behaviour as well as demographic variables for the effective marketing and communication
of their financial products.
(Loibl, 2021)Financial capability is an important public policy concern, particularly as it relates to
retirement preparedness. Almost one-third of older adults in the United States, those over the age of 55,
have neither retirement savings nor accumulated pension benefits. Focusing on low-income adults who are
nearing retirement, we explore the relationship between financial-planning behaviours (paying bills on
time, emergency savings, and retirement planning) and two key components of financial capability,
financial education and financial inclusion. Using data from the 2015 National Financial Capability Study,
the results point to the role of financial inclusion for financial-planning behaviours. Having access to
mainstream financial services was more strongly associated with the three financial-planning behaviours
than was participating in financial education in the workplace. These results for low-income older adults
held for the middle-income groups but were weaker for higher-income households. The results highlight
efforts targeting financial inclusion for the financial planning of low-income older adults nearing retirement
age. Policy implications include suggestions for interventions to facilitate financial inclusion for those
nearing retirement age.
(Leora Klapper, 2020)We measure financial literacy using questions assessing basic knowledge of four
fundamental concepts in financial decision making: knowledge of interest rates, interest compounding,
inflation, and risk diversification. Worldwide, just one in three adults are financially literate—that is, they
know at least three out of the four financial concepts. Women, poor adults, and lower educated respondents
are more likely to suffer from gaps in financial knowledge. This is true not only in developing countries but
also in countries with well-developed financial markets. Relatively low financial literacy levels exacerbate
consumer and financial market risks as increasingly complex financial instruments enter the market. Credit
products, many of which carry high interest rates and complex terms and conditions, are becoming more
readily available. Yet only around half of adults in major emerging countries who use a credit card or
borrow from a financial institution are financially literate. We discuss policies to protect borrowers against
risks and encourage account holders to save.

RESEARCH GAP:

While research exists on financial literacy and financial planning, a gap remains in understanding the
unique needs and challenges of students versus employed individuals in Bangalore. Existing studies might
focus on general financial literacy levels or specific demographics. This project aims to bridge this gap by
exploring the distinct financial planning awareness and knowledge of students limited real-world
experience but potentially exposed to financial literacy programs and employed individuals practical
experience but potentially lacking formal financial education in Bangalore. This deeper understanding can
inform the development of targeted financial education programs to improve financial well-being at
different stages of their financial journeys.
 CHAPTER-3
RESEARCH METHODOLOGY

3.1 STATEMENT OF PROBLEM:

Financial planning and wealth management has an important role in influencing the welfare of individuals
in households, organisations, society, nation, and the world. It is a concept that explains the way of
managing the expenses and savings, investment pattern of a person to achieve long-term financial needs
and goals. Now in this study, the researcher is going to identify the level of awareness and interest for
students and working professional our managing their expenses and investment decisions.
3.2 SCOPE OF THE STUDY:
As it is a study about understanding the various factors that affecting the students and working
professionals in managing their expenses and investment decisions in financial instruments. The student
includes the salary pattern and investment patterns of the employees and students. It is only limited to those
two parameters, as an earning person can only be able to invest. It does not applicable to households and
retired persons.

3.3 THE OBJECTIVES OF THE STUDY:

• To identify the knowledge over financial instruments for students and employees.
• To identify whether the students and employees are having a vision over their financial planning.
• To study about the investing pattern of students and employees.
• To identify the investment motive and factors affecting students and employees to invest.

3.4 RESEARCH METHODOLOGY:

a) TYPE OF RESEARCH:
In this study, the researcher has selected a descriptive research design which find out the awareness and
knowledge for students and employees. The researcher wants to know how much the students and
employees have knowledge over their investments and savings.

b) SAMPLING DESIGN:
• A study was conducted on students pursuing masters and employees working in IT sector living in
Bengaluru.
• The size of the sample which has the researcher chosen is a combination of students and employees which
is 25 and 25 respectively.
• Sampling design is convenient sampling.

c) DATA COLLECTION:
There are mainly two types of data collection. Primary data sources and secondary data sources

PRIMARY DATA SOURCES: In this study, the questionnaire method was used to collect primary
data. A total of 23 questions was used in this study, 5 general and 18 technical questions were used.

SECONDARY DATA SOURCES: In this is the method data was collected from various sources such
as websites, books, magazines, research reports etc.

d) STATISTICAL TOOLS USED:

Graphs and diagrams using the percentile method, linear regression method and chi-square.
e) DATA ANALYSIS:
The collected data was tabulated, analyzed, and interpreted through percentages, tables and graphs on
basis of the information through a questionnaire.

f) RESPONDENTS:
The respondents are collected through the structured questionnaire which is circulated to particularly
students and employees who are living in Bengaluru.

3.5. LIMITATIONS OF STUDY:

• The respondents are limited to students and employees residing in Bengaluru.
• The study did not cover the investment opinions of housewives, senior citizens, retired employees etc.
• The study only limited to specific period of time.
• As the study focuses on Bangalore, so findings may not be generalizable to other cities or regions.
 CHAPTER-4
INDUSTRY PROFILE

4.INDUSTRY PROFILE

4.1 HISTORY AND BACKGROUND:

Banking in India forms the base for the economic development of the country. Major changes in the
banking system and management have been seen over the years with the advancement in technology,
considering the needs of people. her banking sector development can be divided into three phases:

Phase I: The Early Phase which lasted from 1770 to 1969.

Phase II: The Nationalisation Phase which lasted from 1969 to 1991.

Phase III: The Liberalisation or the Banking Sector Reforms Phase which began in 1991 and continues to
flourish till date.

EARLY PHASE PERIOD (1770-1969)

The first bank of India was the “Bank of Hindustan”, established in 1770 and located in the then Indian
capital, Calcutta. However, this bank failed to work and ceased operations in 1832.

During the Pre Independence period over 600 banks had been registered in the country, but only a few
managed to survive.

During the British rule in India, The East India Company had established three banks: Bank of Bengal,
Bank of Bombay and Bank of Madras and called them the Presidential Banks. These three banks were later
merged into one single bank in 1921, which was called the “Imperial Bank of India.”

The Imperial Bank of India was later nationalised in 1955 and was named The State Bank of India, which
is currently the largest public sector Bank.

POST INDEPENDENCE PERIOD (1947-1991)

At the time when India got independence, all the major banks of the country were led privately which was
a cause of concern as the people belonging to rural areas were still dependent on money lenders for
financial assistance.

With an aim to solve this problem, the then Government decided to nationalise the Banks. These banks
were nationalised under the Banking Regulation Act, 1949. Whereas the Reserve Bank of India was
nationalised in 1949.

LIBERALISATION PERIOD (1991-TILL DATE)

Once the banks were established in the country, regular monitoring and regulations need to be followed to
continue the profits provided by the banking sector. The last phase or the ongoing phase of the banking
sector development plays a hugely significant role.

To provide stability and profitability to the Nationalised Public sector Banks, the Government decided to
set up a committee under the leadership of Shri. M Narasimha to manage the various reforms in the Indian
banking industry.

OBJECTIVES:
Banks, as financial intermediaries, serve multiple objectives crucial to the functioning of economies and
the well-being of individuals and businesses.

 Mobilize savings from individuals and businesses.

 Promote financial inclusion for unbanked and underbanked populations.
 Facilitate domestic and international trade through payment mechanisms and credit facilities.
 Provide safe and secure banking services to build trust and stability.
 Meet credit needs of individuals and businesses through loans (home, car, business, etc.).
 Offer a range of financial products and services beyond deposits and loans (mutual funds,
insurance, wealth management).
 Promote financial literacy to educate customers about financial planning and responsible
borrowing.

4.2 VISSION:

4.2.1VISSION:

The vision of banks is to be trusted financial partners that empower individuals, businesses, and
communities to achieve their financial aspirations and contribute to sustainable economic growth and
prosperity. With a commitment to excellence, innovation, and integrity, banks strive to become the
preferred choice for customers seeking reliable, responsive, and personalized financial services. Banks aim
to foster financial inclusion and empowerment by providing accessible and inclusive banking solutions to
underserved populations and marginalized communities. By leveraging technology and digital innovation,
banks seek to overcome barriers to financial access, enhance financial literacy, and expand financial
inclusion, ensuring that everyone has the opportunity to participate in the formal financial system and build
a better future for themselves and their families.
Economic development and social progress, supporting entrepreneurship, job creation, and infrastructure
development through strategic lending, investment, and financial advisory services. By partnering with
governments, businesses, and civil society organizations, banks seek to address pressing societal
challenges, such as poverty alleviation, environmental sustainability, and social inequality, contributing to
the achievement of broader development goals. Banks are committed to building enduring relationships
based on trust, transparency, and mutual respect with their customers, employees, shareholders, and other
stakeholders. By upholding the highest standards of corporate governance, risk management, and ethical
conduct, banks aim to earn and maintain the trust and confidence of the communities they serve, ensuring
long-term sustainability and success.

Ultimately, the vision of banks is to be transformative agents of positive change, driving inclusive growth,
fostering resilience, and enhancing well-being for individuals, businesses, and societies worldwide.
Through innovation, collaboration, and a steadfast commitment to their core values, banks aspire to create
a more prosperous and equitable future for generations to come.
4.2.2 MISSION:
The mission of banks revolves around serving as trusted financial intermediaries that support economic
growth, promote financial stability, and enhance the well-being of individuals, businesses, and
communities. At its core, the mission of banks encompasses several key objectives. Banks strive to
facilitate the efficient allocation of financial resources by mobilizing savings from individuals and
institutions and channelling them towards productive investments. Through prudent lending practices and
investment decisions, banks aim to foster entrepreneurship, innovation, and job creation, thereby
contributing to economic development and prosperity.

Banks are committed to providing accessible and inclusive financial services to meet the diverse needs of
their customers. Whether it's offering basic banking products like savings accounts and loans or more
sophisticated services such as investment management and wealth advisory, banks seek to empower
individuals and businesses to achieve their financial goals and aspirations. Banks play a crucial role in
maintaining financial stability and integrity within the banking system. By adhering to regulatory
standards, risk management protocols, and ethical principles, banks work to safeguard depositors' funds,
mitigate systemic risks, and uphold trust and confidence in the financial system.

INTRODUCTION:
A bank is a financial institution that is licensed to accept checking and savings deposits and make loans.
Banks also provide related services such as individual retirement accounts (IRAs), certificates of deposit
(CDs), currency exchange, and safe deposit boxes. Banks have existed since at least the 14th century. They
provide a safe place for consumers and business owners to stow their cash and a source of loans for
personal purchases and business ventures. In turn, the banks use the cash that is deposited to make loans
and collect interest on them.
The basic business plan hasn't changed much since the Medici family started dabbling in banking during
the Renaissance, but the range of products that banks offer has grown.

TYPES OF BANKS:
The Banking System in India is divided into several types, each serving specific functions and purposes.

1.COMMERICAL BANKS:
These are the most common types of banks and include public sector banks, private sector banks, and
foreign banks. They provide various services like savings and current accounts, loans, and investments.

• PUBLIC SECTOR BANK:

A public sector bank is a type of bank where a majority stake in the bank is owned by the government.
These banks are established and operated with the primary objective of providing banking services to the
general public while also supporting government initiatives related to economic development, financial
inclusion, and social welfare.

• PRIVATE SECTOR BANK:

A private sector bank is a financial institution where the majority of the shares are held by private
individuals or entities, rather than by the government. Private sector banks are operated and managed by
private shareholders and are driven by profit motives.

• FOREIGN BANK:
A foreign bank, also known as an international or offshore bank, is a financial institution that operates in a
country where it is not headquartered or incorporated. These banks are established in foreign countries to
provide banking services to individuals, businesses, and institutions outside their home country.

2.REGIONAL BANK:
Regional banks, also known as regional or community banks, are financial institutions that operate within a
specific geographic region, serving the banking needs of individuals, small businesses, and local
communities.

3.CO-OPERATIVE BANKS:
A Co-operative Bank is registered under the Co-operative Societies Act of 1912
and is run by an elected managing committee. It works on a non-profit, no-loss basis and mainly serves
entrepreneurs, small businesses, self-employment, and more in urban areas. In rural areas, it mainly
functions to finance agriculture-based activities like farming, livestock, and hatcheries.

4.SMALL FINANCE BANKS:

These banks primarily serve the unserved and underserved sections of the
population, including small businesses and low-income individuals. This type of bank is licensed under
Section 22 of the Banking Regulation Act 1949, and it is governed by the Provisions Act of 1934.

5.DEVELOPMENT BANKS:
Development banks, also known as development finance institutions (DFIs), are specialized financial
institutions that provide long-term financing and technical assistance to support economic development and
social progress in emerging and developing countries.

4.3 TYPES OF SERVICES:

Banks offer a wide range of services to meet the financial needs of individuals, businesses, and institutions.
1.DEPOSIT SERVICES:
• Savings Accounts: Banks offer savings accounts that allow customers to deposit money and earn interest
on their balances.
• Checking/Current Accounts: Checking accounts provide customers with a convenient way to manage
their day-to-day finances, including making payments, writing checks, and accessing funds through debit
cards.

2.LENDING SERVICES:
• Personal Loans: Banks provide personal loans for various purposes, such as home renovations, debt
consolidation, or unexpected expenses.
• Mortgages: Banks offer mortgage loans to help individuals purchase homes, finance property purchases,
or refinance existing mortgages.
• Business Loans: Banks provide financing to businesses for working capital, expansion, equipment
purchases, and other business needs.
• Credit Cards: Banks issue credit cards that allow customers to make purchases on credit and repay the
balance over time.

3.DIGITAL BANKING:
• Online Banking: Banks offer online banking platforms that allow customers to manage their accounts,
pay bills, transfer funds, and access financial services remotely.
• Mobile Banking: Banks provide mobile banking apps for smartphones and tablets, offering convenient
access to banking services on the go.
• Digital Wallets: Banks offer digital wallet services that allow customers to make payments, store
payment credentials, and manage loyalty cards using their mobile devices.

4.INTERNATIONAL BANKING:
• Foreign Exchange: Banks provide foreign exchange services, including currency conversion,
international payments, and hedging against currency risks.
• Trade Finance: Banks offer trade finance solutions to facilitate international trade transactions, including
letters of credit, trade financing, and export/import financing.

5.OTHER SERVICES:
• Cash Management: Banks offer cash management services to businesses, including cash handling,
treasury management, and liquidity solutions.
• Trust Services: Banks provide trust and fiduciary services, including trust administration, estate
settlement, and asset management for trusts.
• Merchant Services: Banks offer merchant services to businesses, including credit card processing, point-
of-sale systems, and payment gateway solutions.

4.4 EXTRA SERVICES RELATED:

Banks can offer a range of services related to financial planning and wealth management, but the specific
options will vary depending on the size and focus of the bank. Here's a breakdown of some common
offerings:

1.SAVINGS AND INVESTMENT PRODUCTS:

• Savings Accounts: The foundation for most financial plans. They offer a safe place to park your money
and may earn some interest. Suitable for emergency funds or short-term savings goals.
• Money Market Accounts: Offer slightly higher interest rates than traditional savings accounts but may
have limitations on withdrawals. Can be good for short-term savings goals that need a bit more potential
return than a standard savings account.
• Certificates of Deposit (CDs): Lock your money in for a fixed term in exchange for a guaranteed interest
rate, typically higher than savings accounts. Suitable for fixed-income goals where you know you won't
need the money for a set period.

2.RETIREMENT SAVINGS ACCOUNTS:

• Individual Retirement Accounts (IRAs): Allow tax-advantaged retirement savings. Traditional IRAs
offer tax-deductible contributions and tax-deferred growth, while Roth IRAs offer tax-free withdrawals in
retirement. Many banks offer Traditional and Roth IRAs as investment accounts.

3.INSURANCE SERVICES:
Insurance is a financial product that protects you from financial loss in case of unexpected events. By
paying a premium to an insurance company, you transfer the risk of a covered event to the insurer. If the
event occurs, the insurance company compensates you financially according to the terms of the policy.

Banks recommending life insurance, disability insurance, and other insurance products to protect your
financial security. At current scenario banks are made mandatory of insurance intake while opening a bank
account.
4.INVESTMENT PRODUCTS:

• Mutual Funds: Allow you to invest in a diversified basket of stocks, bonds, or other assets managed by
a professional. Banks typically offer a selection of mutual funds from various investment companies. This
can be a good option for those who want some diversification but don't want to pick individual stocks or
bonds.
• Exchange-Traded Funds (ETFs): Similar to mutual funds but trade on stock exchanges like individual
stocks. Some banks may offer commission-free ETF trading. ETFs can be a more cost-effective way to
gain diversification than some mutual funds.

5.INVESTMENT MANAGEMENT SERVICES:

• Managed Accounts: Banks may offer managed accounts, where a bank advisor or portfolio manager
builds and manages an investment portfolio based on your risk tolerance and financial goals. This typically
comes with a fee. This can be a good option for those who are uncomfortable picking their own
investments but don't need the comprehensive planning aspects of wealth management.
• Robo-advisors: Some banks are incorporating robo-advisors, which are automated online platforms that
provide basic investment management services at a lower cost than traditional advisors. This can be a good
option for those who are comfortable with a more automated approach and have a lower amount to invest.

6.FINANCIAL PLANNING SERVICES:

• Basic Financial Consultations: Some banks might offer free consultations with financial advisors to
discuss general financial topics and get basic advice on budgeting, saving, and debt management. This can
be a good starting point for those who are new to financial planning.
• Financial Planning Tools: Banks may offer online financial planning tools or calculators to help you set
financial goals, track your progress, or analyze your budget. These tools can be helpful for do-it-yourself
(DIY) investors.

7.ADDITIONAL CONSIDERATIONS:
• Minimum Investment Requirements: Some banks have minimum investment requirements to access
managed accounts or other wealth management services.

• Fees: Financial planning and wealth management services typically come with fees, so compare the fees
associated with different products and services before making a decision. Consider factors like account
minimums, ongoing management fees, and transaction fees.
• Complexity of Needs: For complex financial planning needs, you might need to go beyond what a bank
offers and consider consulting a fee-only financial advisor who can provide personalized advice based on
your specific situation.
• Estate Planning: Guidance on creating a will, trust, and other legal documents to ensure your assets are
distributed according to your wishes after your death.
• Tax Planning: Strategies to minimize your tax burden and maximize your after-tax income.

4.5 SWOC ANALYSIS:

STRENGTHS:

1. Deposit Base: Banks have access to a large pool of deposits from customers, which they can use to
fund loans and other investments.
2. Branch Network & Online Presence: A well-established network of physical branches combined
with a robust online banking platform provides convenience to customers.
3. Financial Products & Services: Banks offer a wide range of financial products and services,
including savings accounts, loans, investment products, and wealth management services.
4. Extensive Network: A large network of branches, ATMs, and digital channels, providing
convenience and accessibility to customers.
5. Established Brand: The bank may have a strong brand reputation and a long history of serving
customers, instilling trust and confidence.

WEAKNESS:

1. Legacy Systems: Outdated IT infrastructure and legacy systems may hinder agility, innovation, and
responsiveness to changing customer needs.
2. Bureaucracy: Complex internal processes can lead to slow loan approvals and cumbersome
customer service experiences
3. Customer Service Issues: Inconsistent customer service quality, long wait times, and complex
processes may lead to dissatisfaction among customers.
4. Dependence on Interest Income: Heavy reliance on interest income, making the bank vulnerable
to interest rate fluctuations and economic downturns.
5. Regulatory Compliance: Stringent regulatory requirements and compliance obligations may pose
challenges in terms of operational costs, administrative burden, and regulatory risk.

OPPORUNITIES:

1. Digital Transformation: Expanding digital banking capabilities, investing in online and mobile
banking platforms, and leveraging fintech partnerships to enhance customer engagement and drive
growth.
2. Cross-Selling Opportunities: Leveraging customer data and analytics to identify cross-selling
opportunities and deepen relationships with existing customers by offering personalized financial
solutions.
3. Emerging Markets: Expansion into new markets with growing economies can be a source of
significant growth.
4. Focus on Customer Experience: Creating a seamless and user-friendly banking experience across
all channels (online, mobile, branch) can help attract and retain customers.

5. Partnerships: Collaborating with fintech companies can leverage their innovative solutions while
banks provide established infrastructure and regulatory expertise.
CHALLENGES:

1.Regulatory Compliance: Banks face increasing regulatory scrutiny and compliance requirements, which
can be complex and costly to implement and maintain.
2. Competition from FinTech’s: Banks face competition from agile fintech startups offering innovative
and digital-first financial solutions that appeal to tech-savvy customers.
3.Changing Consumer Preferences: Banks must adapt to evolving consumer preferences and behaviours,
including the shift towards digital banking and the demand for personalized and seamless experiences.
4.Economic Uncertainty: Banks are vulnerable to economic downturns, interest rate fluctuations, and
geopolitical risks, which can impact loan quality, profitability, and financial stability.
5.Reputation Risk: Banks must safeguard their reputation and trustworthiness amid heightened public
scrutiny and social media influence, particularly in the event of scandals or controversies.
 CHAPTER-5
DATA ANALYSIS AND INTERPRETATION

DATA ANALYSIS AND INTERPRETATION

 Table 5.1 showing the age of respondents

Age Respondents Percentage

20-30 37 74%

30-40 9 18%

40-50 4 8%

50-60 0 0%

Total 50 100%

Analysis: The above table analysis that the 20-30 age group is 74%, the 30-40 age group is 18% and 40-50
age group is 8%.

Graph 5.1 shows the age of the respondents

Interpretation: The graph interprets that the majority of the respondents are from the age group of 20-30.

Table 5.2 showing the gender of respondents

 Gender Respondents Percentage

Male 42 84%

Female 8 16%

Total 50 100%

Analysis: The above table shows that 84% of respondents are male and 16% of respondents are female.

Graph 5.2 shows the gender of the respondents

Interpretation: The graph interprets that the majority of the of the respondents are male and the least
responses are from female

Occupation Respondents Percentage

Table 5.3 shows the occupation of
the Student 25 50% respondents

Employed 25 50%

Total 50 100%
Analysis: The above table analysis shows that respondents are 50% and employees are 50%.

Graph 5.3 showing the occupation of the respondents

Interpretation: The graph interprets that there are equal respondents from both students and employees.

Table 5.4 shows the marital status of the respondents

 Marital Respondents Percentage
status

Single 39 78%

Married 11 22%

Total 50 100%

Analysis: The above table analysis shows that the respondents’ single is 78% and married are 22%.

Graph 5.4 showing the martial status of the respondents

Interpretation: The graph interprets that the majority of the respondents are unmarried. The least
responses are married.

Table 5.5 showing the overall understanding level of financial planning and wealth management
 Understanding Respondents Percentage
level

Beginner 24 48%

Intermediate 21 42%

Advanced 5 10%

Total 50 100%

Analysis: The above table shows respondents is beginner 48%, intermediate is 42% and advanced is 10%.

Graph 5.5 showing the overall understanding level of financial planning and wealth management

Interpretation: The graph interprets that the majority of the responses are beginner. The least responses
are advanced.

Table 5.6 showing the current financial situation

 Financial situation Respondents Percentage

Stable 17 34%

Struggling 10 20%

Debt 10 20%

Saving for future 11 22%

Financially 2 4%
independent

Total 50 100%

Analysis: The table shows that the respondents are stable are 34%, struggling is 20%, debt is 20%, saving
for future is 22% and financially independent are 4%.

Graph 5.6 showing the current financial situation

Interpretation: The graph interprets that the majority of the responses are stable is 34%. The least
responses are financially independence.

Table 5.7 showing the source rely for financial information

 Sources Respondents Percentage

Financial advisor 8 16%

Online resource 28 56%

News and magazines 19 38%

Seminar and webinar 10 20%

Friends and family 26 52%

Analysis: The table shows that the respondents are financial advisor is 16%, online resource is 56%, news
and magazines is 38%, seminar and webinar is 20% and friends and family is 52%.

Graph 5.7 showing the source rely for financial information

Interpretation: The graph interprets that the majority of the responses are online resource is 56%. The
least responses on financial advisor 16%.

Table 5.8 showing the how familiar with various types of financial instruments
 Financial instruments Respondents Percentage

Strongly agree 12 24%

Agree 18 36%

Neutral 19 38%

Disagree 1 2%

Strongly disagree 0 0%

Total 50 100%

Analysis: The table shows that the respondents are strongly agree is 24%, agree is 36%, neutral is 38% and
disagree is 2%.

Graph 5.8 showing the how familiar with various types of financial instruments

Interpretation: The graph interprets that the majority of the responses are neutral is 38%. The least
responses are disagreed is 2%.

Table 5.9 showing importance of managing the portfolio

 Managing portfolio Respondents Percentage

True 43 86%

False 1 2%

Unsure 6 12%

Total 50 100%

Analysis: The table shows that the importance of managing portfolio of respondents are true is 86%, false
is 2% and unsure is 12%.

Graph 5.9 showing importance of managing the portfolio

Interpretation: The graph interprets that the majority of the responses are true is 86%. The least responses
are false is 2%.

Table 5.10 showing the significant importance of compounding interest

 Compounding interest Respondents Percentage

True 36 72%

False 1 2%

Unsure 13 26%

Total 50 100%

Analysis: The above table shows the importance of compounding interest of respondents are true is 72%,
false is 2% and unsure is 26%,

Graph 5.10 showing the significant importance of compounding interest

Interpretation: The graph interprets that the majority of the responses are true Is 72%. The least responses
are false is 2%.

Table 5.11showing the saving habits

 Saving habits Respondents Percentage

Regularly saves a fixed amount 8 16%

Saves money whenever there is extra 19 38%

Saves a portion of money from monthly basis 15 30%

Don’t save constantly 4 8%

Don’t save at all 4 8%

Total 50 100%

Analysis: The above table show that respondents are regularly saves a fixed amount is 16%, saves money
whenever there is extra is 38%, saves a portion of money from monthly basis is 30%, don’t save constantly
is 8% and don’ save at all is 8%.

Graph 5.11 showing the saving habits

Interpretation: The graph interprets that the majority of the responses are saves money whenever there is
extra is 38%. The least responses are don’t save at all is 8%.

Table 5.12 showing the currently invested any portion from your income
 Currently invested any portion Respondents Percentage

Yes 41 82%

No 9 18%

Total 50 100%

Analysis: The table shows that the respondents are yes is 82% and no is 18%.

Graph 5.12 showing the currently invested any portion from your income

Interpretation: The graph interprets that the majority of the responses are yes 82%. The least responses
are no 18%.

Table 5.13 showing the percentage of income you have invested

 Income invested Respondents Percentage

Less than 5% 16 32%

5%-10% 12 24%

10%-!5% 12 24%

15%-20% 5 10%

More than 20% 5 10%

Total 50 100%

Analysis: The above table show that the respondents are less than 5% income is 32%,5%-10% income is
24%,10%-15% of income is 24%,15%-20% of income is 10% and more than 20% income is 10%.

Graph 5.13 showing the percentage of income you have invested

Interpretation: The graph interprets that the majority of the responses are less than 5% of income is 32%.
The least response are more than 20% of income is 10%.

Table 5.14 showing the importance of budgeting and managing expenses achieve financial objectives

Importance of budgeting and managing expenses Respondents Percentage

 Strongly agree 21 42%

Agree 23 46%

Neutral 6 12%

Disagree 0 0%

Strongly disagree 0 0%

Total 50 100%

Analysis: The above table show that the respondents are strongly agree is 42%. agreed is 46%, neutral is
12% and disagreed and strongly disagreed is 0%.

Graph 5.14 showing the importance of budgeting and managing expenses achieve financial objectives

Interpretation: The graph interprets that the majority of the responses are agreed is 46%. The least
responses are neutral is 12%.

Table 5.15 showing the investment decisions based on factors

Investment decisions factors Respondents Percentage

 Research and analysis 20 40%

Advice from financial professionals 15 30%

Recommendations from family/friends 23 46%

Market trends and news through print and 32 64%

electronic media

Others 1 2%

Analysis: The above table shows that the respondents are research and analysis is 40%, advice from
financial professionals is 30%, recommendations from friends and family is 46%, Market trends and news
through print and electronic media is 64% and others is 2%.

Graph 5.15 showing the investment decisions based on factors

Interpretation: The graph interprets that the majority of the responses are Market trends and news through
print and electronic media is 64%. The least responses are others is 2%.

Table 5.16 showing the investments avenues you prefer to invest

Investment avenues Respondents Percentage

 Stocks 22 44%

Bonds 6 12%

Mutual funds 32 64%

Real estate 12 24%

Cryptocurrency 3 6%

Commodities 5 10%

Chit funds 5 10%

Fixed or recurring deposits 15 30%

Savings account 12 24%

Analysis: The above table shows that the respondents are stocks is 44%. bonds are 12%, mutual funds are
64%, real. The estate is 24%, cryptocurrency is 6%, commodities is 10%, chit funds is 10%, fixed and
recurring deposits is 30% and savings account is 24%.

Graph 5.16 showing the investments avenues you prefer to invest

Interpretation: The graph interprets that the majority of the responses are mutual funds is 64%. The least
responses are in chit finds and commodities is 10%.

Table 5.17 showing the tracking the performances of your investment

 Performance tracking Respondents Percentage

Regularly monitor 13 26%

Weekly 8 16%

Monthly 20 40%

Only when I hear news that might affect my 4 8%

investment

I rarely or never check 5 10%

Total 50 100%

Analysis: The above table show that the respondents are regularly monitor is 26%, weekly is 16%,
monthly is 40%, only when I hear news that might affect my investment is 8% and I rarely or never check
is 10%.

Graph 5.17 showing the tracking the performances of your investment

Interpretation: The graph interprets that the majority of the responses are monthly is 40%. The least
responses are Only when I hear news that might affect my investment is 8%.
 Table 5.18 showing the preferred duration to invest

Investment time period Respondents Percentage

Short term 22 44%

Medium term 16 32%

Long term 19 38%

Analysis: The above table shows that the respondents are short term is 44%, medium term is 32% and long
term is 38%.

Graph 5.18 showing the preferred duration to invest

Interpretation: The graph interprets that the majority of the responses are short term is 44%. The least
responses are medium term is 32%.

Table 5.19 showing the losses you prefer to deal

 Losses that can bear Respondents Percentage

Avoid losses at all 11 22%

Accept small portion of loss 17 34%

Tolerate moderate losses 5 10%

Willing to take significant loss for possibility of high 16 32%

return

Others 1 2%

Total 50 100%

Analysis: The above table shows that the respondents are avoid losses at all is 22%, accept small portion of
loss is 34%, tolerate moderate losses is 10%, willing to take significant loss for possibility of high return is
32% and others is 2%.

Graph 5.19 showing the losses you prefer to deal

Interpretation: The graph interprets that the majority of the responses are accept small portion of loss is
34%. The least responses are others is 2%.

Table 5.20 showing the rate of willingness to take risk

 Rate of risk willing to bear Respondents Percentage

Very high 9 18%

High 9 18%

Moderate 23 46%

Low 6 12%

Very low 3 6%

Total 50 100%

Analysis: The above table shows that the respondents are very high is 18%, high is 18%, moderate is 46%,
low is 12% and very low is 6%.

Graph 5.20 showing the rate of willingness to take risk

Interpretation: The graph interprets that the majority of the responses are moderate is 46%. The least
responses are very low is 6%.

Table 5.21 showing the primary goal to invest

 Primary goal of investment Respondents Percentage

Wealth accumulation 20 40%

Retirement planning 8 16%

Education funding 7 14%

Buying asset 23 46%

Starting business 19 38%

Others 10 20%

Analysis: The above table shows that the respondents are wealth accumulation is 40%, retirement planning
is 16%, education funding is 14%, buying asset is 46%, starting business is 38% and others is 20%.

Graph 5.21 showing the primary goal to invest

Interpretation: The graph interprets that the majority of the responses are buying asset is 46%. The least
responses are education funding is 14%.
 Table 5.22 showing the consideration of tax that influencing your investment decisions

Tax factor influencing investment decision Respondents Percentage

Significantly 16 32%

Moderately 14 28%

Slightly 5 10%

Not at all 15 30%

Total 50 100%

Analysis: The table shows that the respondents are significantly is 32%, moderately is 28%, slightly is
10% and not at all is 30%.

Graph 5.22 showing the consideration of tax that influencing your investment decisions

Interpretation: The graph interprets that the majority of the responses are significantly 32%. The least
responses are slightly 10%.

LINEAR REGRESSION METHOD

Problem: To identify the influence between the age and percentage of income invest.
Hypothesis:
H1: There is a significant impact between age and level of percentage of income invest.
H0: There is no significant impact between age and percentage of income invest.

Table 1
Adjusted R Std. Error of
Model R R Square Square the Estimate
1 .543a .295 .281 1.112
a. Predictors: (Constant), 2.AGE

As indicated in above table 1, we can see that R-square value is 0.295 which means that our independent variable
[Age] impacts 29.5% change on dependent variable [Percentage of income invest].

Table 2 ANOVAa
Sum of
Model Squares df Mean Square F Sig.
1 Regression 24.863 1 24.863 20.119 .000b
Residual 59.317 48 1.236
Total 84.180 49
a. Dependent Variable: 14. What percentage of income you invest.
b. Predictors: (Constant), 2.AGE

The above table 2 shows, anova results that p value is 0.000 which is less than 0.05. Hence, we can say that there is a
significant relationship between independent variable [Age] and dependent variable [ Percentage of income invest].

Table 3 Coefficientsa
Standardized
Unstandardized Coefficients Coefficients
Model B Std. Error Beta t Sig.
1 (Constant) 3.896 .374 10.406 .000
2.AGE 1.137 .254 .543 4.485 .000
a. Dependent Variable: 14. What percentage of income you invest.

The table 3 shows the coefficient results. As indicated that beta value is 0.543, which means that the change in
independent variable [Age] by one unit will bring about the change in dependent variable [Percentage of income
invest] by 0. 543.The beta value is positive, which indicates the positive relationship between Age and Percentage of
income invest. There is significant impact on two variables.

Hence H1 is accepted.
 CHI-SQUARE METHOD

Chi-Square Tests
Asymptotic
Significance Exact Sig. (2- Exact Sig. (1- Point
Value df (2-sided) sided) sided) Probability
Pearson Chi-Square 1.295a 2 .523 .594
Likelihood Ratio 1.301 2 .522 .594
Fisher's Exact Test 1.352 .594
Linear-by-Linear 1.125b 1 .289 .397 .199 .097
Association
N of Valid Cases 50
The standardized statistic is 1.061.

Problem: To identify the association between the occupation [Students, Employee] and Level of understanding
[Beginner, Intermediate, Advanced].

Hypothesis:
H1: There is a significant association between occupation and level of understanding.
H0: There is no significant association between occupation and level of understanding.

Chi-square statistics were used to examine the association between two variables (occupation and level of
understanding). There is no significant association at 5% significance level between two variables of respondents
(ꭓ2=1.295, df=2, p=.523).

Hence H0 is accept.
 CHAPTER-6
FINDINGS & SUGGESTIONS
CONCLUSION
6.1 FINDINGS:
The research has found the following facts from the study:
 The maximum of the respondents [74%] are from the age group of 20-30 years.
 The majority of the respondents [84%] are male.
 It is found that the respondents are consist of both students [50%] and employees [50%].
 The majority of the respondents [78%] are unmarried.
 The majority of respondents [48%] are beginners.
 The majority of respondents [34%] families are financially stable.
 The maximum number of respondents [56%] rely on online resources for financial information,
 It found that majority of respondents [38%] are neutral about financial instruments.
 The maximum number of respondents [86%] said YES, that important of managing portfolio.
 The maximum number of respondents [73%] said YES, that important of compounding interest.
 Most of the respondents around [38%] of people saves money whenever there is extra of money.
 It found that majority of respondents [82%] are investing their income.
 Maximum number of respondents around [32%] of investors are investing less than 5% of income.
 The majority of respondents [46%] are agreed that the budgeting is important.
 Most of the respondents of [64%] follows market trends and news through print and electronic
media for investment decisions.
 The majority of respondents of [64%] are preferred to be invested in mutual funds.
 Most of the investors about [40%] are tracking their investments weekly.
 It is found that many investors of [44%] are willing to invest for short term period.
 It is found that most of the investors [34%] are ready to accept a small portion of loss.
 It is found that investors of [46%] are moderate to take risk.
 Maximum [46%] number of investor goal is to buy an asset.
 It is found that [32%] tax is significantly influencing the reason for investing.
6.2 SUGGESTIONS:
Here are the some of the suggestions:
• As we have seen in the above data, most of the respondents are in beginner level. I suggest exploring
resources like the internet, books, and financial apps to understand financial instruments better.
• Recommended that setting a fixed amount to save each month, regardless of leftover money. This builds
financial stability. Use various budgeting apps [Jupiter] that will help us.
• Mostly respondents are preferred to invest for short term, but the actual power of compounding can be
seen in long term. Investing for long term will help them to generate a high rate of margin.
• Risk is a factor that is inversely related to return. The high risk we can bear will generate the high return.
Managing the portfolio in various avenues will helps us to reduce the overall risk.
• Respondents to set clear and achievable financial goals, whether it's saving for retirement, buying a home,
or funding education. Setting specific goals provides a roadmap for financial planning and helps prioritize
saving and investment decision.
• Respondents to stay informed about economic and market trends that may impact their financial
decisions. Regularly monitoring financial news and updates can help respondents make timely adjustments
to their investment strategies and manage risks effectively.

6.3 CONCLUSION:

Financial planning and wealth management are essential tools for achieving your financial goals, regardless
of your income level or current life stage. By taking a proactive approach and developing a solid financial
plan, you can build a secure future, manage debt effectively, and plan comfortably for retirement. This
project has explored the key concepts of financial planning and wealth management, including budgeting,
saving, investing, risk management, retirement planning, tax planning, insurance, asset allocation and
various financial products and services. This can be a significant step towards achieving your financial
goals. Remember, financial planning is an ongoing process. Regularly review your plan, adjust it as needed
based on life changes, and seek professional guidance when necessary. With dedication and discipline, you
can achieve financial well-being and peace of mind.
 Bibliograph

Mustafa, W. M. (2023). The Effects of Financial Attitudes, Financial Lite Literacy on Sustainable Financial
Retirement Planning: The Moderating Role of the Financial Advisor. 17. Retrieved from
https://doi.org/10.3390/su15032677
Pallavi Dogra, A. K. (2023). Antecedents of the Youngster’s Awareness About Financial Literacy: A
Structure Equation Modelling Approach. 17. Retrieved from
https://journals.sagepub.com/doi/abs/10.1177/0972262921996560
Zhang, F. (2022). Research on Wealth Management Education. 6. Retrieved from
http://creativecommons.org/licenses/by-nc/4.0/
Loibl,Y. N. (2021). Financial Capability and Financial Planni ng at the Verge of Retirement Age. 20.
Retrieved from https://link.springer.com/article/10.1007/s10834-020-09699-4
Leora Klapper, A. L. (2020). Financial literacy and financial resilience: Evidence from around the world.
24. Retrieved from https://onlinelibrary.wiley.com/doi/abs/10.1111/fima.12283
 QUESTIONNAIRE

Name

Age
• 20-30
• 30-40
• 40-50
• 50-60
GENDER
• Male
• Female
• Prefer not to say
OCCUPATION
• Student
• Employee
Marital status
• Single
• Married
How would you rate your overall understanding of financial planning and wealth management.
• Beginner
• Intermediate
• Advanced
How would you describe your current financial situation.
• Stable
• Struggling
• Debt
• Saving for future
• Financially independent
What source do you rely on for financial information and education.
• Financial advisor
• Online resource
• Newspaper and magazines
• Seminar and webinar
• Friends and family
How familiar you are with different types of financial instruments (stocks, bonds, derivatives, etc.)
•Strongly agree
• Agree
• Neutral
• Disagree
• Strongly disagree
Managing portfolio is an important strategy to manage investment risk.
• True
• False
• Unsure
Compound interest can significantly grow your wealth over time and also mitigates cost of living.
• True
• False
• Unsure
How would you describe your saving habits.
• Regularly saves a fixed amount
• Saves money whenever there is extra
• Saves a portion of money from monthly basis
• Don’t save constantly
• Don’t save at all
Do you currently invested any portion of your income.
• Yes
• No
What percentage of income you invest.
• Less than 5%
• 5%-10%
• 10%-15%
• 15%-20%
• More than 20%

I am aware of the importance of budgeting and managing expenses to achieve my financial

objectives.
• Strongly agree
• Agree
• Neutral
• Disagree
• Strongly disagree
I will take my investment decisions based on the following.
• Research and analysis
• Advice from financial professionals
• Recommendations from family/friends
• Market trends and news through print and electronic media
• Others
In which of the following investment avenues you would prefer to invest or invested.
• Stocks
• Bonds
• Mutual funds
• Real estate
• Cryptocurrency
• Commodities
• Chit funds
• Fixed and recurring deposits
• Savings account

How often do you track the performance of your investments.

• Regularly monitor
• Weekly
• Monthly
• Only when I hear news that might affect my investment
• I rarely or never check

Time of duration you prefer to invest.

• Short term

• Medium term
• Long term

How would you prefer to deal with investment losses.

• Avoid losses at all
• Accept small portion of loss
• Tolerate moderate losses
• Willing to take significant loss for possibility of high return
• Others
How would you rate your willingness to take risk.
• Very high
• High
• Moderate
• Low
• Very low
What are your primary investment goals.
• Wealth accumulation
• Retirement planning
• Education funding
• Buying a asset
• Starting a business
• Others
Do tax considerations influencing your investment decisions.
• Significantly
• Moderately
• Slightly
• Not at all
 WEEKLY REPORTS

WEEKLY REPORT -1

Reporting Period (dates):11-12-2023 to 18-12-2023

A summary of the goals, activities, and outcomes for the week:
Goals:
 Area of the study for my project report.
 Study for my dissertation topic and finalize the dissertation topic.
 Collected information about my project topic.
 Researcher started working on the synopsis.
Activities:
 Research about the study on factors influencing the decision-making based on financial
planning and wealth management.
Outcomes:
 Implementation of theoretical knowledge into practical.

Date:18-12-2023
WEEKLY REPORT-2

Reporting Period (dates):19-12-2023 to 26-12-2023

A brief summary of the goals, activities, and outcomes for the week:

Goals:
 Area of study for my project report.
 Study for my dissertation topic and finalize the dissertation topic.
 Collected information about my project topic.

Activities:
 Researchers have collected Articles and Journals to understand the descriptive methods of financial
planning and wealth management to develop comprehensive system for my project.
 Research has successfully completed the work assigned by me about the collection of
Article and Journal's to understand the financial planning and wealth management.

Date:26-12-2023
WEEKLY REPORT- 3

Reporting Period(dates): 27-12-2023 to 03-01-2024

A brief summary of the goals, activities, and outcomes for the week:
Goals:
 Area of study for my project report
 Study for my dissertation topic and finalize the dissertation topic.
 Collected information about my project topic.
Activities:
 The research got the responses for the questionnaire forms and worked on data analysis and
interpretation.
Outcomes:
 Research has successfully completed the work assigned by me about the data analysis and
interpretation and the Findings, Conclusion, and Suggestion.

Date:03-01-2024
WEEKLY REPORT-4

Reporting Period (dates):04-01-2024 to 11-01-2024

A brief summary of the goals, activities, and outcomes for the week:
Goals:
 Area of study for my project report
 Study for my dissertation topic and finalize the dissertation topic.
 Collected information about my project topic.
Activities:
 Research worked on the completed project for the submission.
Outcomes:
 Research has successfully completed the work assigned by me about project submission.

Date:11-01-2024