Course Overview
7h 14m | 55 Videos | 71237 Views | 
Beginner MPROFIT- Portfolio Management and Accounting Software (Investor):
Not knowing about investing can affect us much more today than it could have affected us before.
Look around and you’ll see how much escalating costs are decreasing the value of your money with each passing year. Consider the cost of buying a home, of getting admitted in a hospital, or paying for the higher education of a child and you’ll realise that your life’s savings could vanish in a blink.
It’ s true that as a country we are going through a growth phase with tremendous opportunities for financial gain – but the downside is the higher expenditures we are incurring on everything from food, to education, to health, travel, and entertainment. If we continue with the current approach of letting our finances take care of itself, it won’t be a surprise to find ourselves in financial difficulties if the economy decelerates or if our earnings decrease.
So what’s the solution ? Yes, investing. But not just investing – Knowledgeable Investing.
What’s the difference? A lot of people invest, but most of the time, they invest to save on tax, or on the basis of what others are doing, or what they hear from friends, relatives and so on. Such investing, that is not aligned with our needs. Will only end up draining our money while giving us an illusion of wealth creation.
Knowledgeable Investing on the other hand requires us to be well aware of our needs, the amount of money we can invest, the period for which we need to invest, and the investment options available to us. Based on this awareness, we should choose the investment scheme and the investment amount that will work best for us – or we should use this knowledge to work with a financial advisor to arrive at the best options to achieve our goals. Each one of us is capable of making these investments decisions – if only we become a bit more finance savvy, a bit more financial literate.
This Mprofit course aims to make you a knowledgeable investor by explaining how all the popular investment options available in the market work. Instead of trying to explain concepts, this course explains investment options that you would have already encountered or heard about – thereby making it easier for you to relate and thus understand the concepts of investing. The knowledge that you gain from the Mprofit course will not only help you manage your investments and explore the world of investing but also enable you to communicate more effectively with banks, insurance companies, financial advisors, agents – anyone who deals with finance.
As investment products become more sophisticated, as banking becomes more technology-oriented, you’ll be in a better position to benefit from these developments. This knowledge that you acquire from the Mprofit Course will also lay foundation for learning and investing in more advanced options that could help you earn higher returns than ever before.
Functions involved in Financial Planning :
a. Collection
During Collection, you collect the information required to develop a financial plan. Collection goes beyond simply gathering information to also include identifying related facts by making required calculations and arranging your information for analysis.
b. Analysis
During Analysis, the you identify and consider issues, perform financial analysis and assesses the resulting information to be able to develop strategies for yourself.
c. Synthesis
During Synthesis, the you synthesize the information to develop and evaluate strategies to create a financial plan.
Fundamental Practices in Financial Planning
The Fundamental Financial Planning Practices represent the competencies that relate to your ability to:
1. Integrate among the various Core Financial Planning Competencies and Financial Planning Components; and
2. Understand and master the interrelationships among the various Financial Planner Abilities required to carry out by you
a Financial Planning Function. The financial planning professional will use one or more of the Fundamental
Financial Planning Components
Financial Planning Standards Board India has categorized the Financial Planner Abilities into six Financial Planning Components:
1. Financial Management
2. Asset Management
3. Risk Management
4. Tax Planning
5. Retirement Planning
6. Estate Planning
Course Objective:
- Become your own financial planner by using the Mprofit software package to the hilt.
Target Customers:
- Students
- Professionals
- Anyone who wants to become rich
Pre-Requisites:
- Basic knowledge of financial products and martkets
