The need for personal financial planning is increasing as India’s growing middle class aspired to secure future wealth. Krishna Chaitanya, a recent MBA graduate, realized he needed to create a personal financial plan that included insurance, investment strategies, and a retirement plan, as early as possible in order to meet his goals in life. However, he questioned whether he could achieve his goals, due to unexpected risks.
Faced with this dilemma, Krishna wondered if he could solve this problem by applying his financial knowledge, using concepts he learned while studying for his MBA.
The objective of this case is to encourage students to evaluate financial planning alternatives and to observe the effect of their choices and recommendations. By placing students into the role of being both a client, as well as a financial adviser, it provides an introduction to the financial planning process.