PVS (Prashant V Shah)

– Authorized Education Provider of FPSB Ltd. (CFP Coaching and Study Material)

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    Prashant V Shah
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    Ph: 92274 08080

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    Study Texts with Pre-recorded sessions:

    Investment Planning Specialist

    Retirement and Tax Planning Specialist

    Insurance and Estate Planning

    CWM Level -2

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Archive for the ‘Advance FP’ Category

This module builds upon the foundations in Financial Planning and the knowledge requirements in Modules 2 to 5 to enable the CFP professional to construct a comprehensive Financial Plan for a client. Miscellaneous topics are also covered in this module.
www.fpsbindia.org

New Topic for Exam -5, CFP

Posted by Prashant Shah on November 14, 2018

Recently FPSB has added SGB in their new sample paper of exam-5. Couple of my students have confirmed as well that SGB is asked in exam.

 

Sovereign Gold Bond Scheme 2018-19 (Source: RBI)

Eligibility for Investment:

The Bonds under this Scheme may be held by a person resident in India, being an individual, in his capacity as such individual, or on behalf of minor child, or jointly with any other individual. The bond may also be held by a Trust, HUFs, Charitable Institution and University. “Person resident in India” is defined under section 2(v) read with section 2(u) of the Foreign Exchange Management Act, 1999

Form of Security

The Bonds shall be issued in the form of Government of India Stock in accordance with section 3 of the Government Securities Act, 2006. The investors will be issued a Holding Certificate (Form C). The Bonds shall be eligible for conversion into de-mat form.

Denomination

The Bonds shall be denominated in units of one gram of gold and multiples thereof. Minimum investment in the Bonds shall be one gram with a maximum limit of subscription of 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities notified by the government from time to time per fiscal year (April – March), provided that

  • in case of joint holding, the above limits shall be applicable to the first applicant only;
  • annual ceiling will include bonds subscribed under different tranches during initial issuance by Government and those purchased from the secondary market; and
  • the ceiling on investment will not include the holdings as collateral by banks and other Financial Institutions.

Issue Price

The nominal value of the Bonds shall be fixed in Indian Rupees fixed on the basis of simple average of closing price of gold of 999 purity published by the India Bullion and Jewelers Association Limited for the last 3 working days of the week preceding the subscription period. The issue price of the Gold Bonds will be ₹ 50 per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode.

Interest

The Bonds shall bear interest from the date of issue at the rate of 2.50 percent (fixed rate) per annum on the nominal value. Interest shall be paid in half-yearly rests and the last interest shall be payable on maturity along with the principal.

Payment Options

Payment shall be accepted in Indian Rupees through cash up to a maximum of ₹ 20,000/- or Demand Drafts or Cheque or Electronic banking. Where payment is made through cheque or demand draft, the same shall be drawn in favour of receiving office.

Redemption

  • The Bonds shall be repayable on the expiration of eight years from the date of issue of the Bonds. Pre-mature redemption of the Bond is permitted from fifth year of the date of issue on the interest payment dates.
  • The redemption price shall be fixed in Indian Rupees and the redemption price shall be based on simple average of closing price of gold of 999 purity of the previous 3 working days, published by the India Bullion and Jewelers Association Limited.

Tax Treatment

  • Interest on the Bonds shall be taxable as per the provisions of the Income-tax Act, 1961. The capital gains tax arising on redemption of SGB to an individual has been exempted.
  • The indexation benefits will be provided to long term capital gains arising to any person on transfer of bond

Posted in Advance FP, CFP | 2 Comments »

Sharpe’s Ratio, Treynor’s Ratio and Jensen’s Alpha, CFP

Posted by Prashant Shah on October 9, 2017

Posted in Advance FP, CFP, Investment Planning, Risk And Return | Leave a Comment »