Name : haritha tellakula

Enrol no : 14BSP0522

IBS MUMBAI

Campus : Mumbai

Mobile No. : 9699710560

E-mail Id : haritha.tellakula@gmail.com

SUMMER INTERSHIP PROGRAM

INTERNSHIP PROPOSAL

I. Internship Proposed

Title of Project: Personal Finance & Wealth Management

Area of Project: Finance

II. Description of the Internship

Never depend on a single income. Make investments to create a second

source. Warren Buffet

TecWealth, a private organisation started by Suchita Ambardekar in 2008

provides financial services to clients. These financial services include emergency

planning, insurance planning, retirement planning, tax planning, estate planning

and wealth management. A total comprehensive planning would include all these

together. The organization has been working efficiently with a 350+ client or

investors.

No one likes parting away from their hard earned money but you cant hoard the

money and let it lay like a dead asset instead of putting it into required money

instruments which not only can give you very high returns but also bring about
tax

savings and keeps you away from financial trouble throughout your life. Your goal

to realize your dreams can be considered to be a pyramid where the main

objective is to reach the apex. The pyramid comprises of risk management at the

bottom going up towards emergency planning, pension planning, goal based

investments and at the apex is wealth maximization.

The work profile for this internship includes learning to take people from the

bottom of the pyramid to the apex. It includes handling the investments for the

clients doing their SIP for them keeping a check on various charts like sensex
nifty, bankex to handle the equity market then mutual funds investments and

keeping a regular check on them so that the returns are high enough and if not

cancelling them accordingly to invest it into other emerging opportunities. Along

with this a keen insight into insurance policies both standalone and unit linked

and how to go about with them for the clients. Regular filing and data
upgradation

of clients into the company website forms a part of job requirement.

An exhibition to create brand recognition and create brand value at the Bombay

exhibition centre forms a part of the internship to gain investors, brokers and

potential clients which brings about the marketing aspect of the internship. The

exhibition took place on 16th and 17th March at the Finnbridge expo.

The internship also teaches us how to handle and manage clients with face to

face conversations and personal calling. A lot of learning and a practical

approach to apply the learning into real world forms the key part of the
internship.

III. Objective
The main objective of the internship is to learn how to do financial planning for
an individual to attain their short term goals and create a corpus for their future
in a sysmatic manner so as to gain higher returns at a lower risk. financial
instruments include equity, mutual fund, insurance policies both standalone and
unit linked policies and analysing its impact on the investor. The objective is to
provide a proper financial solution to the clients to attain their tax planning while
maximizing returns so that they make us their complete financial service
provider.financial planner or a person with sufficient financial knowledge should
know how to spread the income into various financial instruments and money
markets so that the risk is diversified and his/her short term and long term goals
are fulfilled. On the basis of the analysis of these instruments and markets,
keeping inflation in mind as a personal financial planner I should be able to
suggest clients what to do with their income and manage their investment
portfolio. Along with sufficient financial knowledge and application this internship
does provide marketing application to as to how to bring consumers to trust your
organization so that from consumers they become potential clients or consumers
of your services.

IV. Methodology

As a financial planner keeping oneself updated about the business happenings in

and around the world and a lot of analysis is required before you can suggest
your clients with diversified instuments. We all know that equity market give the
maximum returns and also has the maximum risk but a good financial advisor
would know or be able to advise his/her client which stock should you invest in
but for that you need to read a lot and keep oneself updated with the market and
business news and the instruments that actually can benefit your clients. A lot of
case discussions and personal application of ones own capital into the various
instruments forms an important methodology towards learning.

The founder of the organization Mrs Suchita Ambardekar has provided us with a
lot of knowledge regarding this internship as working directly under her has led
us to create very key financial plans for some clients along with
implementation.Creating a financial plan would start with risk management and
emergency planning. A salaried person should dedicate 6 months of his salary
towards emergency planning a businessman 9 months of household expenses
old people 6 months of pension or medical expenses and a housewife 6 months
of household expenses which could be deployed toward insurance or emergency
funds. One should start as early as possible so the premium amount or SIP
amount is less and the concept of compounding can take you to the
top.Technical analysis of financial data and in depth learning and application
through personal stock trading and mutual fund investments would help me
realize my objective.

V. Schedule

I joined Tecwealth on 24th February 2015 and my internship period will end on
30th May 2015.Initially I gained knowledge about the company, its business and
management and extensively learning about the markets. Further I was
introduced to the practices followed by the company. I studied the various
policies related toinsurance and mutual funds. It involved doing those policies for
clients filling up those forms registering it at the cams office and filing their
investments. Similarly regular checking and monitoring of prior investments led
to learning of cancellation of these policies and going about them in case they
were not generating good returns.Then a two day exhibition at the Finnbridge
expo at the Bombay exhibition centre where I did brand name marketing and
recognition for the company.Learning about Risk management and emergency
planning and applying them for salaried, business, and old people along with
house wives as to what part of income should be dedicated towards it.Further
work would involve learning pension planning, goal based investments to wealth
maximisation and applying it all to clients so that it can be termed as
comprehensive financial planning.

VI. Limitations of the study

Financial planning do not give a guarantee of a fixed percentage of return every

year. There could be a year where you may be into a loss or maybe a year you
may earn a very high interest or no return throughout your portfolio. Though a
financial planner would make sure that your returns are maximum and risks
minimized by creating an investment portfolio. Data from the real world is put
into your investment portfolio which is the most logical way to go about investing

rather than putting a lump sum amount into a fixed deposit which is safe right
but

firstly you would have to part away with a huge sum of money and your earnings

are fixed so if one needs to be rally on top of the pyramid it is not the way to go
about it.

The main area of limitation is gaining clients to invest through you or to do the

financial planning as a lot of people do not understand the true nature of this

business. They are of the opinion that what if they take my money and lose it all.

What people fail to realize is that a proper financial planning is very much

required to keep your expenditures in check and in case one day you are in real

need of money maybe an accident, business loss or any other asset loss, you

have the sufficient funds to get out of it as you had dedicated a part of your

income towards risk management and emergency planning. Similarly your

personal goals like luxury car or dream house could be realized easily through

simple financial planning.