F1FX LLP

In their own words

F1FX LLP The journey towards Financial Freedom begins with Financial Literacy Vision-Mission We want individuals/households to be on the road to financial freedom, and we see us handholding them through the process by coaching them on financial literacy The Opportunity We see a lot of individuals/ households make very elementary money mistakes that deny wealth creation opportunities and eventually cause insecurities and heartbreaks. The Current Reality Covid -19 has changed most people’s outlook towards life in general and money in particular. The industry is waiting to cash in on a revenge spending spree. Add to that the already low levels of Financial Literacy, the astounding growth in the stock market, the staggering increase in the number of demat accounts, volatility in stock market, defaults by brokers, also the fact that some of the industries have been washed out- all these factors increasingly make the need for financial literacy critical. Proposition  We conduct online Financial Literacy (FL) Sessions for Corporates, governments, and Educational Institutions.  We conduct offline sessions for Aanganwadi workers, trade organizations, municipal and other semi-government organizations  We plan to build a robust website for financial literacy with tenets of Financial Planning (FP) with simulators, games, case studies, blogs, podcasts, and the like.  Create WA learning capsules for edutainment -use social media/ WhatsApp extensively to educate and market these sessions.  We use FL as a base offering followed by FP Maths, Personal Risk Management,Retirement, Investment, Tax, and Estate Planning Our Experience - the Co founders  Been in the BFSI learning and development space since 2004  Sales, Product, Process, Financial Planning (all Six Modules)- Knowledge and Skill training, Manager’s Development Program for ICICI Pru Life, ICoFP, Reliance Mutual Fund, RNIS, SBI Mutual Fund, NISM, GOLS (Video-Based Training), NJ India Invest, Choksi and Choksi CA Firm, and the like  Flawlessly facilitated the ICICI- Manipal University’s MBA in Banking and Finance by providing facilitators pan India (10 locations) every quarter weekend OJT from 2010- 2015. We were supported by about 200 management faculty, four project managers, and account executives.  Created 15 -25 minutes 90 knowledge capsules for day-to-day functioning for helping Sales Manager to coach their branch advisors. The project was called ‘Under the Mango Tree’ and was created as per global standards for content design and development.  Certification coaching for NISM, CIEL, RMF, DSP BR MF, Principal MF  Financial Literacy for Prudential Asia, IDFC, CIEL, RMF, SBI MF, Sharekhan, Dvara money, Tiksna, and the like The Prospects and Plan  We start with marketing these FL sessions to corporates/ and expect to earn revenue of about Rs 15,000 for in person and Rs 12,000 for ninety minutes online session.  We are open to conducting pro bono online sessions for genuinely cash strapped (blue collared) organizations/startups group of more than 30 pax  We are empanelled with NCFE (National Centre for Financial Education) – a financial education body formed by SEBI/RBI/IRDA/PFRDA to conduct Financial Education programs  We plan to invest in a website, social media marketing, FL games, and extensive content.  Once we build our credibility over a couple of years, we expect to receive sponsorship from Regulators, industry associations, embassies, educational, corporate and government institutions to conduct Financial Literacy sessions. Why us?  We are recognised in the BFSI sector for the quality of Financial Literacy projects executed.  We know the pain of financial illiteracy, we understand financial planning and thus financial literacy, we can demystify financial products and we attempt to analyse human behaviour w.r.t. money matters.  We have worked extensively in designing content, developing content, coaching and skill development in the BFSI functional sector since 2004. And have also proposed a plan for developing skilled distributors for BFSI sector in 2016 We have made financial blunders - more than average; sold financial products -not necessarily suitable; worked with the manufacturer of financial products. Worked in the learning and development space; with certification bodies- educational institutions- industry associations and, we have worked with regulators and government institutions. We like to believe our experience, knowledge, pain, and empathy makes us BEST suited to facilitate skill development and financial literacy programs for ALL

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