Online Workshop on Personal Financial Planning

Details of the department organizing the event in collaboration with institution:

Internal complaint Committee, PBMMEC, Mysuru in association with Advisor’s organization, powered by SEBI, AMFI and UTI organized online Personal Financial Planning Workshop for teaching, non-teaching staff and female students of PBMMEC.

Purpose & Scope

The purpose of the personal financial planning workshop is to provide participants with the knowledge, skills, and tools necessary to effectively manage their personal finances. This includes understanding key financial concepts, setting financial goals, creating budgets, managing debt, investing wisely, planning for retirement, and protecting assets through insurance.

Scope:

The workshop covers various aspects of personal finance such as financial goal setting, budgeting, savings and investment. Participants will learn how to identify short-term and long-term financial goals and create a plan to achieve them.

Objectives

• To improve participants’ financial literacy and understanding of basic financial concepts.
• To empower participants to take control of their finances and make informed financial decisions.
• To provide practical tools and strategies for budgeting, saving, investing, and managing debt.
• To foster confidence and self-reliance in managing personal finances and planning for the future.

Details of the event

An online Personal financial workshop for all thefemale students, teaching and non teaching staff was held on 14th March 2024.Offline screening was held in MTA auditorium.

Ms Spoorthi S, III sem MBA student rendered welcome speech. She gave an overview of role of internal compliant committee and importance of the programme.

Resource person Ms Shakuntala Pareek discussed the importance of financial literacy. She gave a real-life scenarios and examples about financial principles and shared tips for effective financial planning and goal-setting.

The importance of budgeting for business success were highlighted.Information about stocks, bonds, mutual funds, asset allocation, index fund, ways to invest in a mutual fund, systematic withdrawal plan, the Power of Compounding, Schemes related documents, Mutual Fund Scheme, Arbitrage Funds, Fund of Funds, International Funds, Gold Exchange traded fund, Exchange-TradedFunds (ETF), Solution Oriented and other Schemes, Hybrid Fund, Hybrid Schemes, Debt Funds Categories, Types of Debt Funds were discussed.

Ms Aishwarya A, III sem MBA student rendered vote of thanks

Resource Persons Details: Ms Shakuntala Pareek, Managing Director at Pagdandi Edusol Private Limited.

Target audience

217 participants registered for the online programme. 63 female students along with 8 MBA faculty attended offline screening and 21 teaching and non-teaching staff attended the online session.