Assignment Task:

Case Study 1
Mr Satya, age 35,  married to Rupanvita, age 33. He is a government employee, and his wife is a marketing manager with private company. He stays in Kolkata, and has a 10-months old son, Ajay. Over the past few years, he had been cautious with respect to thier future. He wanted to have a clear road-map to help achieve their goals and secure their financial future. 

Their Current financial condition is a follows: 
Their total annual family income is at 13.2 lakh, while annual expenses are at 5.71 lakh. They invest about 2.68 lakh annually (This includes 2.04 lakh in SIPs and 64,000 as insurance premium). In addition, they have 1.5 lakh in equity/ MF investments, 4.5 lakh as life insurance surrender value, 60,000 in savings account and a vehicle worth 2 lakh. Currently they do not hold any liability in the form of Loans. 

They want to achieve the following goals in their future: 
1. 
They want to buy a flat with a down payment of 10 lakh (in today’s value) after 1 year
2. They want to purchase a new car worth 5 lakh (today’s price) after 5 years
3. We need to plan for a major expense around 60 lakh (current value) after 30 years
4. Mr. Satya is also planning to start a business for which he needs to accumulate 25 lakh (in today’s value) after 8 years
5. We also need to save for Ajay’s MBA abroad; approximate cost of MBA abroad is 15 lakh today. This goal is to be achieved when he turns 19. And, for his marriage, we need to accumulate 10 lakh (in today’s value), when he turns 24
Based on the given information draw a 2 alternative financial plans which helps in satisfying all the financial needs of Mr. Satya. Also justify your suggestions in detail. 

Topic 1:  While Indian Banking is going through a wide change it can have a lasting effect on the economy of the nation. Discuss in detail the impact of Changing Banking Scenario on the economy of the nation in the light of GDP. GNP, Balance of Payment and growth in industry as a whole. 

Case Study 2 
.Mr. A is earning 15 lakhs per annum at the age of 30. His monthly expenses comes around 90,000 Rs. per month. Currently he has not done any planning for his retirement. He has two sons of the age 5 and 2 years each. He is of the mindset that he needs to give his kids the best education and they will take care of him in his old age. While he does agree that he would like to be independent post retirement and will not wish to depend on anyone else. He is currently not suffering from any medical problem while he holds a family history of Blood pressure and heart problems in his family. He believes that he will require money for the following expenses post retirement for his various needs:
1. Monthly expenses of Rs. 90,000 (present value)
2. Medical buffer of Rs. 10 lakhs (present value)
3. Savings and investments of Rs. 10 lakhs (present Value) to transfer as gift to his grand childrens.
4. He plans to go for a world tour with his wife after retirement which will require Rs. 15 lakhs (present value)
He agrees that he will no be able to downgrade his life post retirement and would rather prefer to be self sufficient post his retirement. Draft a retirement plan for Mr. A and also see to it that he is left with a buffer of Rs. 10 Lakhs post meeting all his retirement goals to meet the expenses of elongated life. We presume that Mr. A will live upto the age of 80 years. 

Topic 2:  The collapse of the top order of the private banks has presented the failing picture of the banking system in India, the latest addition to the same is Yes Bank. Keeping the aspect in view develop an article on the collapsing top order of the private sector banks, with its reasons, logics and effects on the banking industry. 

 

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  • Posted on : June 25th, 2019

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