On August 5th, 2024, XITE Gamharia hosted an enlightening session on “Introduction to Personal Financial Planning,” led by the esteemed Deepak Jha, CFA; CEO & CAA, GIIS Financial, Director, Beriom Reality Pvt. Ltd. This session was part of the celebrations for Commerce Day and aimed to equip students with essential financial knowledge for their future endeavors.
Session Highlights:
1. Capital Market: Understanding the functions and importance of capital markets.
2. Bonds: Learning about different types of bonds and their roles in investment portfolios.
3. Shares: Insight into the stock market and how shares function as an investment tool.
4. Dividends: Exploring how dividends work and their significance for shareholders.
5. Commercial Papers: Introduction to short-term debt instruments used by corporations.
6. Treasury Bills: Overview of government securities and their risk-free nature.
7. Fixed Deposits (FD): Discussing the benefits and security of fixed deposits.
8. Investment Strategies: Exploring different investment options like SIP (Systematic Investment Plan), Mutual Funds (MF), Recurring Deposits (RD) and Equity.
9. Life Insurance Corporation (LIC): Understanding the role of life insurance in financial planning.
10. Portfolio Management: Learning how to build and manage a diversified investment portfolio.
The session was meticulously organized by the Department of Commerce and Branding & Communication Department to mark the occasion of Commerce Day. It provided students with a comprehensive understanding of various financial instruments and strategies essential for effective personal financial planning.
Notable Attendees:
The event was graced by several distinguished faculty members, including:
– Prof. Sushmita Choudhary Sen
– Prof. Anjali Jha
– Prof. Raj Bansal
– Mr. Ashish Singh
The successful execution of the event was a collective effort led by Ashish Singh, Head of the Branding & Communication Department, under the guidance of Dr. (Fr.) Mukti Clarence, SJ, Vice Principal of XITE Gamharia.
The session saw enthusiastic participation from the students, who were eager to gain insights into financial planning. The interactive nature of the workshop allowed students to engage directly with Deepak Jha, asking questions and discussing real-world financial scenarios.
The “Introduction to Personal Financial Planning” session was a significant step towards empowering our students with the knowledge to make informed financial decisions. XITE Gamharia remains committed to providing holistic education that prepares students for all facets of life, including financial independence and security.
Stay tuned for more such informative sessions at XITE Gamharia!
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