STUDY ON SUCCESSFUL FINANCIAL PLANNING IN

HDFC
INTRODUCTION:

Financial planning is the process of identifying and fulfilling money needs in a

systematic and logical manner An important aspect of an economic a plan relates
to its financial plan may be big (or) small, but it can be implemented only when the
scheme in the situation of in adequency of the financial resource, the plan will fail
to achieve, its objectives & it will remain more (or) less on paper only.

Thus success of any plan is greatly dependent upon the nature of arrangement
made for its successful financing. There are various source of raising financesof
executes the programes incorporate in a plan the main source of financial plan can
be as follows:

 Taxation
 Public borrowing
 Small Saving
 External Assistance

SCOPE OF FINANCIAL PLANNING:

Financial planning should cover all areas of the client’s financial needs and should
result in the achievement of each of the client's goals. The scope of planning would
usually include the following:
Risk Management and Insurance Planning 
Managing cash flow risks through sound risk management and insurance
techniques
Investment and Planning Issues 
Planning, creating and managing capital accumulation to generate future
capital and cash flows for reinvestment and spending
Tax Planning 
 Planning for the reduction of tax liabilities and the freeing-up of cash flows
for other purposes
Estate Planning 
Planning for the creation, accumulation, conservation and distribution of
assets
Cash Flow and Liability Management 
Maintaining and enhancing personal cash flows through debt and lifestyle
management
Relationship Management 
Moving beyond pure product selling to understand and service the core
needs of the client

OBJECTIVE:

The following are the objective of study:

 To find out the origin growth of the organization

 To analyze financial planning of hdfc slic pvt limited
 To offer suggestion based on finding of study

RESEARCH METHODOLOGY:

TYPE OF DATA COLLECTED:

There are two types of data used. They are primary and secondary data.
Primary data is defined as data that is collected from original sources for a
specific purpose. Secondary data is data collected from indirect sources.

PRIMARY SOURCES:

These include the survey or questionnaire method, telephonic interview as

well as the personal interview methods of data collection.

SECONDARY SOURCES:
These include books, the internet, company brochures, product brochures,
the company website, competitor’s websites etc, newspaper articles etc.

TOOLS FOR ANALYSIS:

Financial planning is the process of identifying and fulfilling money needs in a

systematic and logical manner

Various steps:

 Identifying future needs

 Taking charge of current finance situation
 Examing the investment choice
 Choosing right alternative
 Implementing and monitoring

Steps:1

What are our future cash needs ?

 Money for child education
 Money for weeding
 Money to buy home
 Money to buy car
 Money to support travel
 Money to purpose hobby
 Money is wealth creation and so on

Step:2

Current financial situation :

 Income & expentier a/c

 Asset& liabilities