PVS (Prashant V Shah)

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

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  • Contact for Coaching and Study Material

    Prashant V Shah
    Ahmedabad.

    Ph: 92274 08080

    Email: pvs.cfp@gmail.com

  • Content Under Updation

    Tax Planning and Estate Planning

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    Weekend Batch: October 2020
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    Duration: 8 months

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CFP

CERTIFIED FINANCIAL PLANNERCM Certification is a mark of excellence granted to individuals who meet the stringent standards of

  1. Education
  2. Examination
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CFPCM Certification is the highest level of Certification worldwide in the field of Financial Planning.

It is the most prestigious and internationally accepted Financial Planning qualification recognized and respected by the global financial community.

The CFPCM Certification wins trust and presents opportunities worldwide.

In this era of super specialization, the Professional Certification – CERTIFIED FINANCIAL PLANNERCM Certification, gears career aspirants and existing financial intermediaries for giving comprehensive financial advisory services to individuals and make a satisfying career in the financial services industry.

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  • Recognition in more than 23 countries across the world

Pathway:

 

192 Responses to “CFP”

  1. Priyanka said

    Dear Prasanth,

    I flunked agian on RPEB and TPEP….i dont know why…i was able to solve every question posted on your site….

    for TPEP i am preparing from CA final Books….
    and RPEB from my CFA Time Value Books…

    from where else should i prepare??

    I even ordered books from FPSB India.

    can you post certain questions on annuity certain and annuity due??
    and let me pls know what all topics should i concentrate on RPEB.

    and what is the tax slab applicable for our exam…the new proposed slab on this budget or the earlier version??
    In VRS exempt and all that also what is exempted??

    In one of your post you have mentioned that we can read the theory part of RPEB in scribd.com….but i was unable to access any information from that particular site….can you send me the link of the pdf which we need to read…

    plus i also wanted to know….if i clear CFA level 3 this june…can i write the exams in challenge status…rather than actually writing this exam??

    as of now i have 2 years of experience as associate consultant in a brokering firm.

    Regards,
    Priyanka Agrawal

    • Dear Priyanka,

      There is no need to order books from FPSB as they dont have any standardised books like you have for CFA.
      You will not be eligible for challenge status as it requires 3 years of workex.
      I will try to do the needful to provide the relevant study material through post on this website.

      Regards,
      Prashant V Shah.

      • Manish said

        Priyanka u said again I flunked in rpeb exams would u like to share some experience for ur examination as I m planning to give rpeb exams on 15th of may n I have pdf files which I can provide.i have fpa mock test papers n excel files.

        Regards,
        Manish

      • Jimit Shah said

        Manish,
        please provide me practice sums in regards of tax planning module and retirement planning module since i have attempted twice for RPEB but dint cleared yet…and m planning to give TPEP….by end of this month….please do the needful…

      • Ajay Kapare said

        Dear Manish,
        I have given one attemp of RPEB after studing hard But, i didn’t clear..
        Because i dont have any study material which has sums which ask in FPSB for 4 marks…
        Can you please help me out?

        I want RPEB Notes….

  2. tushat said

    Don’t worry jimit i you gave only 2 times exam but i given it 4 times & finaly i clear RPEB so do the more practice of sums.Try to understand the sums then solve it you clear RPEB Best of luck……….

    • manish said

      hi jimit shah u came to the right sight u can find all the needfull things here.for rpeb exams u can find all the tvm sums and for content i want to know which book u r refering?and if u have any query u can ask from anybody as the whole idea of creating this blog is to make interactive and still if u cant find anybody to answer ur question,then u can ask ur query from prashant sir the creator of this blog best of luck.for tax planning u can find the imp questions and content i request u plz refer this site asap

  3. yash said

    Hey Prashant !! Can you please suggest me from where should i prepare for ‘Risk Analysis And Insurance Planning’.
    I have given an attempt to i, but could not clear it.. Please help me out !!
    Thanks !!

    • Dear Yash,
      You can start reading IC33 book which is available on this site and then you should start solving the question bank you have.
      Insurance planning as such is a complex subject to handle as there are lot of legal guidelines in it.

      For any boubt, pls feel free to ask. We all are here to help you.

      Regards,
      Prashant.

  4. Ashok said

    Dear Prashant sir,

    unable find path for IC33

  5. R Varadarajan said

    Dear Prashant,

    I have just joined your site.I could not clear my Tax Planing module, in spite of my experience. Surprisingly, I now realised that I could have cleared with some of the tips and the mock question/ answers you have posted. I have started reading the materials in your site now. Please could you post more such mock questions. Thanks – Varadarajan

  6. Sonali said

    Dear Prashant sir,

    Can i have Some Practical Questions on General Insurance, Motor & Property. and some Guideline on Regulatory section of RAIP. As i have attempt but Couldn’t Clear due to this Section.

  7. swapnil said

    dear sir,

    i m not able to crack RPEB EXAM . i dont understand how i prepare and start. i tried trice for the exam please help me to remove from that

    • Dear swapnil,

      Which section was suggested as weak one in the exam by fpsb?

      Regards,
      Prashant.

      • swapnil said

        Dear sir

        i am struggling in a annuity type question,In exam i had face different question which i never be teach or practice during class room.
        e.g
        A and B person both are same age both start there investment from same age of Rs.5000/- Mr. A retire before 5 year from his age (60) and Mr. b retire at the age of 60. So we have to cal. how many year early Mr.A has been ended than Mr.B.

      • Dear Swapnil,

        From the question I can suggest that A retires at the age of 55 and B retires at the age of 60.

        Regards,
        Prashant.

  8. samir ahmed shaikh said

    Samir,
    Sir I am interested in doing CFP so kindly tell me how much it will cost me? i.e. what is the fee of whole 6 modules?

    • Following are the different charges:

      Registration: 11,236 payable to FPSB.
      Exam fees: initial 4 exams 2250 per exam
      final exam: 5618.
      Financial Calculator: 2000 approx

      Regards,
      Prashant V Shah

  9. pulkitbshah said

    Hey vinayak,

    actually i am giving risk analysis and insurance planning in two days and i am not able to clear the exam and so kindly provide your help in order to guide and also which type of question are there in that exam if anyone can provide sums for practice then send it to me

  10. Rajat said

    Hi prashant sir ,
    I have flunked the ip paper , can you please suggest me some good books for practice questions for the same.
    thank you in advance

  11. rahul said

    Hi prasanth,

    Im appearing RAIP module in this month can u suggest me how to clear this module i already solved fpsb sample papers any suggestions to clear this module(Theory+Numerics)

  12. Ajay Modi said

    Hi Prashant Sir,
    I have cleared all the individual modules. However, I appeared for Advanced module twice and failed in both the attempts. I had solved almost all the questions in the cases. Please help. I need guidance on how to change my preparation methods

  13. kakoli said

    Hi Prashant

    Can you please let me know wherefrom I can get a book for module 1 (Introduction to financial planning). I have downloaded IC33 from your websire.
    Planning to give the first exam in the next month

  14. Kaustubh said

    Dear Prashant,

    I have done MBA in Marketing and now Currently working with AMC in Mumbai as a Relationship Manager. I would like to have a bright career in this. I am thinking of doing CFP.I have Joined AMC just 2 months back. Is it right time to do CFP?

    Please Can you help me with the Study Material. From where Can I get the proper Study Material? I am very confused how to prepare for different modules. Didnt got proper material to prepare for particular Module. Please help me out.

    Regards
    Kaustubh

  15. Nina Sundaran said

    Dear Prashant Sir,

    Can you suggest some important questions for Investment Planninng & Tax planning.

  16. hlo sir i want some help from ur side iam gng to write IP module so can i know problems nd bits from IP module in the pattern of fpsb

  17. anisha kathotia said

    hello sir,
    could you please suggest a book for risk analysis and insurance planning module

  18. gagandeep walia said

    Sir i have given retirement planning and employee benefits three times but i am unable to clear it ,got stuck on grade d the three times i gave it.please suggest me the books which can help me and your sincere advice is needed..

  19. Sandeep said

    Hello Sir,

    I am planning to give IP in 3 days. i am giving 2nd time. Can you suggest some important questions for Investment Planning ?

    Thx in advance.

  20. Akanksha said

    Hello Prashant sir,

    I am preparing for my my risk analysis and insurance planning exam.can u please help me by providing some notes and sample papers.pls guide me.

  21. Dibya Ranjan Behera said

    hello All, I am persuing my Executive MBA from London and working a an Intern in UBS. I have total exprience of 3 years in Investment Banking Operation. I am planning to do the Challenge Status Program couse of CFP. Please advise, will my exprience consider.

  22. balu reddy said

    hi dear friends, i have completed MBA finance now i am planing to do challenge module is ti possible?

  23. Mayur said

    Hi
    I have done post graduate in Engineering and have 10 yr of exp in software industry. I would like to do CFP. Can I register for Challenge mode. I have 3 yr of financial exp in the CA partnership firm.
    Thank You!
    -Mayur

    • Hi mayur.
      Great to hear that you are interested in CFP. I think u have done m.e. but fpsb is the right person to confirm the same as your masters is non commerce. Make a call to fpsb and confirm.

      Regards
      Prashant.

  24. Darshan said

    I am a newbie to the CFP certification preparation club. I have a fair understanding in the financial planning area. Have worked over 7 yrs in financial product selling and product training. What is the best way to start the process of preparation? Where to fetch the self-study materials from?

    Thanks,
    Darshan

  25. abhishek said

    Clear MY AFP xam with grade B now tell me wats is next step

    • Cfp said

      Hi,

      if possible will u share the important topics to prepare for the final exam on all the modules

    • Esha verma said

      Can u plz give me some latest questions of advance module i flunked in dat module boz i dnt have latest question…can u give me some tips n numerical question if u have .I have my paper on 22sept

  26. vikas said

    i wnt tax question

  27. Esha verma said

    Dear parshant sir, I flunked in advance module plz give me some latest questions related to case st

  28. Chandrasekar said

    Dear Prashanth, recently registered challange status program, tell me which book is suitable for ma

  29. sunil said

    Hi prashant,
    one of my cousin is interested in doing cfp. Although he is not a graduate he has plenty of experience with financial planning. will it serve any purpose to him and would he be awarded the CFP certificate he is happens to clear all the stipulated modules. please clarify.

  30. Gurunadh said

    sri dis is Gurunadh,plz give me solution for this problem

    (Q) An industrialist started a project on 1st nov 2009 with own capital of rs 1crore. He arranged a project of rs 1.5crore by a back on 1st july 2009 at a rate of 12%p.a. the terms of finance were quarterly invested.only payments up to six quarter and the repayment of premium in three equal installments from the end of seven quarter along with interest on the loan outstanding.he infuced fresh own funds towards working capital of rs 20 lakh on 7th december 2009 and rs 30 lakh on 4th november 2010.the project completed with a profit of rs 4.5crore on 6th september 2012.find the return generated by the project…

    a)22.59%p.a.

    b)30.16%p.a.

    c)30.57%p.a.

    d)32.37%p.a.

  31. sandeep said

    Sir

    I completed insurance ,retirement and investment planning in 2010 after that now i want to complete tax planning ,pls guide for books.

    • Dear Sandeep,

      There are no proper books available for the program. You should keep referring different books as required by the curriculum. And also solve questions available on site.

      Regards,
      Prashant.

  32. prudhvi chantan said

    good

  33. harish said

    Dear prashanth shah sir

    How to study investment planning theory based chapters

  34. upendra said

    sir i am planning to final module i am self study individual moduls plz give proper books reference

  35. Prashanth said

    Dear Prashanth Sir,
    I have cleared 1st 4 modules of CFP and i have prepared well for 5th Exam but could not clear 2 times (highly disappointed), i need your help and i would like to appear for 5th exam in next month. please provide me the case studies or books if you have any.
    I got only 34 marks out of 100.
    Thanks in Advance
    Prashanth A
    Hyderabad

  36. saikiran said

    sir i cleard 4mod my registraion date is close on 15jan it is automatically renue or any process plz provide info abt as soon as because i will plan to book slt for last module

  37. saikiran said

    sir i cleard 4mod my registraion date is close on 15jan it is automatically renue or any process plz provide info abt as soon as because i will plan toi book slt for last module and give me guidence for last module

    • It’s easy. Just make a call at fpsb and they will renew the same.

      Regards.

      • Geetha Lakshmi said

        Hello sir,
        I am Geetha from Chennai, I just want to complete my cfp all modules before March ,pls guide me to complete all.and send me the important question

      • Dear Geetha,

        Its easy to complete all the modules, all you need to do is just to go through the related posts of your preferred subject and also look at comments of the same. You can also put your doubts.

        Regards,
        Prashant.

  38. Harsh said

    Hi Mr. Prashant,

    I have done my graduation in financial markets (BCom in Financial Markets) and i have around 5 years of experience (almost 2 years & 10 months of experience in a finance field + around 2 years of experience as a Manager in a consulting business). Do you think I should register for CFP? If yes, then am I eligible to apply for the Challenge Mode?

    Kindly suggest.

    • Dear Harsh,

      CFP certification is a life skill which is a must for every one. Your qualification as well as experience suggest that CFP will create better prospects. However you are not eligible for challenge status as you have not done masters.

      Regards,
      Prashant.

  39. kavya said

    sir I need study material for tax and estate planning

    • Dear Kavya,

      There are no such books available for estate planning. All you can do is pick the topic from the curriculum and read on internet. I too have published a bit on estate planning.

      Regards.

  40. Chandidas Mukherjee said

    Dear Mr Prashant,

    I have a query that requires your kind comments.
    Please refer FPSB- RPEB-Setion II – Sample Questions-Question 8
    Here, as per the solution given the calc for ‘Financial Assets'(after 5 years) shows as:
    FV((1+9%)^(1/4)-1,5*4,-200000/4,-1200000,0)
    I am unable to make it out and wonder why it should not be as follows:
    FV(9%/4,5*4,-200000/4,-1200000,0). Also, I am not clear about the formula (1+r)^(1/m)-1

    Request your clarification.
    Thanks and regards.

    • Dear Chandidas,

      We have to assume that the investment rates provided are continuously compounded rates, hence when investment is monthly, quarterly or semiannually we need to convert annual effective rate to required nominal rate. Financial calculator has a function to do the same. The function is ICONV.

      Regards,
      Prashant.

  41. Rajat Nair said

    Hi,
    I am interesting to do CFP course. Kindly please help me out with the eligibility criteria. Can I apply for challange pathway criteria..

    I have done my graduation fromantic Delhi University (Distance) and completed my post graduation in MBA Finance from (SMU).

    I have 3.5 years of experience in finance accounts. 3 years experience with IBM india pvt ltd as senior Finance and business administration and remaining experience with Aon Hewitt as Financial Analyst role. Currently working.

    Please advice my qualifications and experice sufficient for enroll challange pathway role.

    Thanks
    Rajat

  42. Mohsin Pathan said

    Hi,

    I have just enrolled for CFP, i wish to get training for the same. Do you train?

  43. kunjan said

    I need to prepare for Raip. Please help how to prepare

  44. anumolu naresh said

    Sir plz give me prbms on sec1 in tpep

  45. Rashmi said

    pls suggest me reference books for investment planning.

  46. Abhishek jain said

    Hey Prashant !! Can you please suggest me from where should i prepare for Exam 5..
    I have given an attempt to i, but could not clear it.. Please help me out !!
    Thanks

  47. Rashmi said

    sir, please tell me the cfp exam dates?

  48. Colleen said

    Hello sir,
    I am a CA final student and have completed my articleship and I’m planning to register through the challenge status programme.
    My questions are:
    1) Am I eligible for the challenge status?
    2) Where do I look for the study material?
    3) Is around a month sufficient time to study?

    • Hi dear.

      You are not eligible for challenge status mode.

      Regards.
      Prashant.

      • prasad said

        Hello sir
        I wanna complete my cfp course with in 8th months..but I fear about some exams..i wanna face the 1st exam as tax..so..how can I pass in that exam sir…please give me any suggestion for that sir

      • Dear Prasad,
        Looking at current pass rates, you should plan either of insurance or investment as first exam.
        You can easily complete the program in 8 months.

        Regards,
        Prashant.

  49. Kartik Iyer said

    Good Morning Sir,

    I am kartik Iyer,currently enrolled for the Challenge Status Prog.I would be appearing for the third time.Please help me in solving the below mentioned problem.

    Ashwin’s Present Age- 34 Years,Life expectancy:- 80 Years,

    Sumedha:- 31 Years, Life Expectancy:- 82 Years.

    Current Household Exp:- 40,000/ Month

    You have estimated a total accumulation of Rs. 3 crore from all statutory savings and investments of both Ashwin and Sumedha, when Ashwin attains 60 years of age. They expect that they would curtail their present household expenses by 20% post- retirement. You estimate the rate of return of the investment instrument in which the corpus should be invested to facilitate inflation-linked monthly annuity till Sumedha’s lifetime. The same is ______.

    (a) 10.00% p.a.
    (b) 6.73% p.a.
    (c) 7.76% p.a.
    (d) 7.64% p.a.

    Regards,

    Kartik

  50. Dear Sir,

    Good Morning.

    I am Kartik Iyer from Delhi, currently enrolled for the challenge Status prog, would be appearing for the third time on 4 th Aug.Please help in Solving the below mentioned problem.

    Ashwin’s Age:- 34 Years, Life Expectancy:- 80 Years.

    Sumedha’s Age:- 31 Years, Life Expectancy:- 82 Years.

    Current Household Expenses:- 40,000/ Month.

    You have estimated a total accumulation of Rs. 3 crore from all statutory savings and investments of both Ashwin and Sumedha, when Ashwin attains 60 years of age. They expect that they would curtail their present household expenses by 20% post- retirement. You estimate the rate of return of the investment instrument in which the corpus should be invested to facilitate inflation-linked monthly annuity till Sumedha’s lifetime. The same is ______.

    (a) 10.00% p.a.
    (b) 6.73% p.a.
    (c) 7.76% p.a.
    (d) 7.64% p.a.

    • Sanchit said

      I Think the answer is (B).
      As the Current Household Expenses are (1st April 2015 )– 40000/m or 480000 p.a
      FV of household Expenses on the 1st year of retirement will be == 480000*(1.05)^(60-34)=1706722.90
      Further curtailment upto 20% of expenses which is== 1706723*(1-0.20)= 1365378.312
      Now we have the yearly outgo and the accumulated corpus till Sumedha’s life Expectancy.
      So we have to calculate the Return which should be inflation adjusted.
      Which will be N= 82-60; I%=?; PV= 3Crore; PMT= -1365378.312; FV=0; P/Y and C/Y=1. Result will be 0.0122
      Now we’ll need to calculate the nominal rate which works out to be == ((0.0122*1.05)+1.05)-1)= 6.3%.
      I hope this is correct.

  51. KOMAL GUPTA said

    Hi Sir, I have cleared insurance and IP exams. i failed in RPEB exam. Kindly provide updated study material and mock test papers along with solutions which i can refer

  52. pradha0320 said

    Thankq sir…but I’m already applied for TPEP sir…and this is my first exam sir..so please give me some suggestions sir….

  53. Mayank Varshney said

    I know 15-20 question came in my exam I’ll post soon

  54. Sabahat said

    I am working in ICICI Bank as a privilege banker in gurgoan.
    I want to pursue certified financial planner certification. Its my 1st year in financial field. I want to crack cfp final paper till the end of my 3rd year in financial field so that i can fullfill the eligibility criteria. Because of hectic work routine i don’t want to join any coaching. I am preffering self study till now.
    Please advice me the complete study material for this and how should i start preparing.
    I am having a salary package of 4 lac right now i am expecting 5.8 lac till the end of 3rd year, if i crack cfp after 3 year what salary can i expect, please provide an idea.
    Thank you

  55. VINEET SINHA said

    Dear Prasant,
    sir can you suggest me a book for introduction to financial planning. I have just stared CFP program through selfstudy. i would be very thank full if you suggest me some.

    • Dear Vinita,

      As I have been suggesting there is no proper material available to study CFP. All u can do is to download curriculum from Fpsb’s site and start reading topics from the net.

      Regards
      Prashant.

  56. Gautam Khanna said

    Dear Friends,

    Please help in solving the below question from ashwins case study.

    Ashwin and Sumedha want to arrange for the funds to meet marriage expenses of their children. They plan the wedding of Prateek after 23 years from now and that of Aslia after 25 years from now. To accumulate the funds for marriage, you advise to start a monthly Systematic Investment Plan (SIP) immediately in Equity scheme of a mutual fund. Such SIP will continue for the next 15 years. You further advise to hold the investment in equity shares till Aslia’s marriage to meet the wedding expenses. After meeting the expenses of Prateek’s marriage, the balance funds in the equity scheme are allowed to appreciate to meet the differential expenses of Aslia’s marriage. The amount of SIP comes to __________.

    (a) Rs. 9,711
    (b) Rs. 5,387
    (c) Rs. 5,756
    (d) Rs. 5,454

    • Dear Gautam,

      Do u have past paper of exam 5? As this is the question with close resemblance to Mark and Stephanie question.

      Regards,
      Prashant.

      • gautam said

        hi sir,

        how are you.

        I only have the latest sample papers downloaded from fpsb’s site and the numerical there is a different one.
        please share if you have the same so that i can follow where i am going wrong in the above question.

        Thanks

      • Dear Gautam,
        Thanks I am absolutely fine.

        Can u please suggest the subject where you find the difference and also suggest the calculation where there is a difference.

        Regards,
        Prashant.

      • Gautam said

        Hi sir,

        Previous case study ask for corpus through different strategies. In this question here we need to find the SIP required for the marriage expenses at their respective ages.
        I calculated the then cost for both their marriages. After that there is a confusion as to which step to follow.I calculate the PV of aslia’s marriage cost at the marriage age of Prateek n then deducted the amount of prateeks marriage from that an calculated SIP.
        But there is something i am missing here.

        Pls guide.

        rgds
        gautam

      • theja said

        their is a bit controversy in this Question, Yes it is Similar to the Question Mark and Stephen,But the SIP we got is different from the Answers in this Qs escalation Rate did’nt given i have taken inflation rate as the same is it right (or) wrong sir will you pls tell me the same

  57. Gautam Khanna said

    Dear Friends,

    Please help in solving the below question from ashwins case study.

    Ashwin and Sumedha want to arrange for the funds to meet marriage expenses of their children. They plan the wedding of Prateek after 23 years from now and that of Aslia after 25 years from now. To accumulate the funds for marriage, you advise to start a monthly Systematic Investment Plan (SIP) immediately in Equity scheme of a mutual fund. Such SIP will continue for the next 15 years. You further advise to hold the investment in equity shares till Aslia’s marriage to meet the wedding expenses. After meeting the expenses of Prateek’s marriage, the balance funds in the equity scheme are allowed to appreciate to meet the differential expenses of Aslia’s marriage. The amount of SIP comes to __________.

    (a) Rs. 9,711
    (b) Rs. 5,387
    (c) Rs. 5,756
    (d) Rs. 5,454

  58. Muskaan Jain said

    How can i prepare for rpeb ? Especially the theory part how to prepare for it can you tell me step by step to prepare for this exam please help

    • Retirement is considered to be the toughest subject if u are not strong with TVM concepts.
      Theory is really tricky as there is no precise study material for the same. Mostly the typical retirement theory is based on GK.

      Feel free to ask further.

      Regards,
      Prashant.

      • mj123muskaan said

        Sir this blog has helped me a lot i have cleared my 3 exams rpeb with C raip with B and ip with A thank you sir
        Can you please help me with tax planning

  59. v sai said

    how much time have to taken time b/w module to module??

  60. m abhilesh said

    sir , i am going to write TPEP before march ,2017 of this year. i want to know the applicable assessment year for my exam.

  61. Uday Kumar said

    sir, I am going to write TPEP exam before march 2017 which year budget is applicable for me?

  62. m abhilesh said

    sir , i had just completed 12th standard & whether i can expect any job opportunities after completing cfp & getting FPSB certification . if so , what is the range of pay . i has not even applied for graduation degree ,sir.

  63. RahulThukral said

    sir could you please provide me link of IC33 which is available on your site as I am not able to find it.

  64. chaitanya said

    sir i am going to give TPEP please suggest on this and also let me know the tax rates and limits which are newly updated or let me know where i can check these rates please

  65. Gautam said

    Hi Prashant sir and friends,

    Below i am posting a few 4-5 markers from final exam which i got. Unfortunately cudnt get through and preparing again. Would be thankful if you could help me with the solutions of these. Will compile more questions 3-4 markers which i got in the exam and post here going ahead.
    please help me with probable solutions.
    cases : Gurpreet and Sanjay

    1. Gurpreet requires income of Rs 1.6 lacs in first month after retirement andthen inflation adjusted in the beginning of every month through his retired life. He would be able to accumulate corpus not more than Rs 3.4 Cr. In order to generate the required stream of income from the corpus , what cushion of annual yield over and above risk free should be targeted from a mix of investments.
    a) 2.14%
    b) 1.95%
    c) 2.28%
    d) 1.99%

    2. Gurpreet wants to invest 5 lacs in bond A or B in order to earn 10% pa by holding till maturity. He expects the interest rates to decline in future. Bond A with face value of Rs 1 lacs with 2 years maturity pays 9.5% annual coupon and quotes at 98400. Bond B with maturity of 5 years and face value of Rs 50k pays 9.25% semi annual coupon and quotes at 49k. What is most suitable?
    a) Buy Bond B as it is reasonably priced.
    b) Buy Bond A.
    c) Sell Both

    3. Gurpreet purchased units for Rs 2 lacs at Rs 37.365 per unit on 01 sep 2014. He received dividend of Rs 7.50 per unit with record date 28 nov 2014 in equity scheme. Prevailing NAV is Rs 23.537 per unit. If he sells units of scheme today what will be implication on his IT return of AY 16-17?

    4. Gurpreet acquired corporate bond of M/s XYZ in its issue closed on 31/08/2011 at Rs 1000 par value. Bonds have tenure of 5 years with coupon rate 8.75% payable half yearly on 1 sep and 1 march every year. They are currently quoted at Rs 1035. You advise him to sell the bonds after receiving next coupon due. You calculate liability from income tax point for AY 16-17 considering price prevailing now.
    a) Income from other sources Rs 6563 and LTCG 5250
    b) Income from other sources Rs 13125 and LTCG 60784
    c) Income from other sources Rs 13125 and LTCG 5250
    d) Income from other sources Rs 6563 and LTCG 51311

    5. Sanjay’s investment in balance MF is valued at NAV of Rs 13.3298 per unit as on 31/03/2015. He purchased 7000 units in Aug 2012 at Rs 10 in NFO with lock in of 3 years. NAV of Rs 14.50 per unit is expected after lock in period. The scheme is expected to declare dividend of 10% after lock in period. What is preferable between selling NFO units before proposed dividend record date and after?
    a) Sell NFO before record date.
    b) After

    6. A listed company XYZ proposed issuance of bonus shares in ratio of 1 share for 2 shares for face value 10 of company as on record date 07/04/2015. Post bonus outstanding stocks of company will be entitled to dividend of 225% with record date 08/04/2015. Sanjay wants to buy1000 shares in later month at Rs 360 per share. What is the capital gain for AY 16-17 ?
    a) STCG 10K
    b) STCL 131250
    c) STCL 165000 not allowed to be set off or carry forward.
    d) STCL 142500

    7. Sanjay invested in a 2 year FD maturing on 01 Aug 2015. Considering average inflation 7% pa what post tax real rate of return would be obtained.
    a) 1.29%
    b) 1.36%
    c) 2.14%
    d) -0.53%

    • Gautam said

      Guys pls help in above questions if possible.

    • Sabarigiri said

      Plss tell me how to prepare for advance financial planning module pls suggest me

    • parth shah said

      Hi gautam
      here are solutions
      1 you need to find I (2.99%) this is real rate of return…convert it into nominal return which is 8.14% now diff 8.14-6 = 2.14%
      2 buy bond A gives return around 10.42/10.46
      3 read sec 94(3) dividend stripping

      • Gautam said

        Thank you so much for the response.
        If possible pls help in the other remaining questions too.
        I will be sitting for final exam again later this month.

      • Gautam Khanna said

        Hi,

        Passed the final exam on 21st last month.

        Thank you so much for your support. This blog was quite a help in 1-4 exams earlier. Got guidance for final one too here.

        Regards

      • Dear Gautam,

        Many congratulations for the grand success. Best wishes for your bright career.

        Regards.
        Prashant.

      • Dear Gautam,
        Final module is bit tricky. First you should complete past case studies and let me know the challenges you face.

  66. vansh said

    pls tell me the answers of these questions.?

  67. Sabarigiri said

    Sir, I want to know about how to advanced financial planning module can u help me sir and give some practice questions plssss…..

  68. parth shah said

    Hello prashant sir,
    I m going to appear for advanced module on 10th of march…i feel i m prepared for it but though need some tough questions to practise and revise. It will be very helpful if you share some of the questions that need to be practised for exam

  69. Vasudhar Tungala said

    Hi Sir ,
    I am CAIIB and will complete 3years workex by June-2017.Am I eligible for challenge pathway?
    If Yes How to start preparation for CPF? I am very interested in the field of financial planning.Please guide me.

  70. Anusha said

    Sir. Can u guide me which educational provider’s book should I purchase?
    Also this is my first experience with cfp course. So I will be giving 1 module at a time. Kindly suggest me how should I plan my study as I am opting for self study mode.

  71. Akhil Jain said

    hi,

    Can anybody provide me the solutions of 65th Number comment. of Gautam of 8th feb, 2017. it will be really helpful

    • Of all the questions unique is
      Gurpreet acquired corporate bond of M/s XYZ in its issue closed on 31/08/2011 at Rs 1000 par value. Bonds have tenure of 5 years with coupon rate 8.75% payable half yearly on 1 sep and 1 march every year. They are currently quoted at Rs 1035. You advise him to sell the bonds after receiving next coupon due. You calculate liability from income tax point for AY 16-17 considering price prevailing now.
      a) Income from other sources Rs 6563 and LTCG 5250
      b) Income from other sources Rs 13125 and LTCG 60784
      c) Income from other sources Rs 13125 and LTCG 5250
      d) Income from other sources Rs 6563 and LTCG 51311
      Answer for the same is C

      Regards.

  72. Akhil Jain said

    5. Sanjay’s investment in balance MF is valued at NAV of Rs 13.3298 per unit as on 31/03/2015. He purchased 7000 units in Aug 2012 at Rs 10 in NFO with lock in of 3 years. NAV of Rs 14.50 per unit is expected after lock in period. The scheme is expected to declare dividend of 10% after lock in period. What is preferable between selling NFO units before proposed dividend record date and after?
    a) Sell NFO before record date.
    b) After

    6. A listed company XYZ proposed issuance of bonus shares in ratio of 1 share for 2 shares for face value 10 of company as on record date 07/04/2015. Post bonus outstanding stocks of company will be entitled to dividend of 225% with record date 08/04/2015. Sanjay wants to buy1000 shares in later month at Rs 360 per share. What is the capital gain for AY 16-17 ?
    a) STCG 10K
    b) STCL 131250
    c) STCL 165000 not allowed to be set off or carry forward.
    d) STCL 142500

    7. Sanjay invested in a 2 year FD maturing on 01 Aug 2015. Considering average inflation 7% pa what post tax real rate of return would be obtained.
    a) 1.29%
    b) 1.36%
    c) 2.14%
    d) -0.53%

    Please Provide Answer of these Questions.

  73. Akhil Jain said

    Hi Sir,

    please provide the solutions of my above questions. it would be really helpful

  74. Akhil Jain said

    Hi,

    can anyone provide me the answer of these two questions. i have my exam tomorrow.

    6. A listed company XYZ proposed issuance of bonus shares in ratio of 1 share for 2 shares for face value 10 of company as on record date 07/04/2015. Post bonus outstanding stocks of company will be entitled to dividend of 225% with record date 08/04/2015. Sanjay wants to buy1000 shares in later month at Rs 360 per share. What is the capital gain for AY 16-17 ?
    a) STCG 10K
    b) STCL 131250
    c) STCL 165000 not allowed to be set off or carry forward.
    d) STCL 142500

    7. Sanjay invested in a 2 year FD maturing on 01 Aug 2015. Considering average inflation 7% pa what post tax real rate of return would be obtained.
    a) 1.29%
    b) 1.36%
    c) 2.14%
    d) -0.53%

  75. anushka jain said

    sir can you please tell me how can i prepare for advance module
    suggest me the book

  76. monika sogani said

    sir can you please send in additional questions for investment planning. i have my paper on 1 august’17

  77. Siddharth Jain said

    Can anyone share our experience of Tax planning and estate planning?

  78. Jitu said

    Dear prashant sir
    Can your please suggest me from where should I prepare for retirement planning
    I had given 2 attempt but could not cleared it
    Please help me

  79. Amit Mital said

    Dear sir,

    I am a mutual Fund Distributor and I have also cleared the IC38 exam of IRDA, now please advice me that how should i start pursuing CFP and is there any exemption in module and will be the fees.

    Thank you in advance.

  80. Raashi said

    Hey, I am a qualified Chartered Accountant. I wanted to know which books to refer for challenge status pathway?

  81. nikita sheth said

    can someone post questions regarding tax planning?

  82. Mr.Mehta said

    Problem 14: An annuity product ‘X’ offers a fixed annuity of Rs. 6,750 per annum per Lakh Rupees of purchase value for life to the annuitant or surviving spouse along with a return of purchase price on the death of the last survivor. A second product ‘Y’ offers a fixed annuity of Rs. 7,980 per annum per Lakh Rupees of purchase value for life of the annuitant with a provision of 80% of the annuity payable to spouse during his/her lifetime on death of the annuitant. An individual of age 60 has the life expectancy of 80 years while his spouse aged 55 years has life expectancy of 85 years. Given the fact that the terms of both annuities apply to this couple, estimate the returns provided in ‘X’ and ‘Y’ annuities to arrive at the right selection.
    Problem 13: An annuity product ‘ABC’ offers fixed annuity of Rs. 8,750 per annum per Lakh Rupees of purchase value payable for life. Another annuity product ‘PQR’ offers fixed annuity of Rs. 6,930 per annum per Lakh Rupees of purchase value payable for life with return of purchase price on death of the annuitant. An individual of age 60 with life expectancy of 80 years has to invest Rs. 50 lakh of retirement funds by choosing one of the above annuities. Considering a 5 years cushion in the expected life of the annitant, differentiate between the returns provided in ‘ABC’ and ‘PQR’ annuities to choose the more suitable one.
    Problem 12: A retired person has accumulated Rs. 1.3 crore towards his retirement. He has Rs. 70,000 as current monthly household expenses. Inflation expected is 5% p.a. He has some supplementary income in the next ten years. He comes across an annuity product of a total term of 20 years, a fixed monthly amount for the initial period of 10 years and the provision to double the monthly amount in the second 10-year period. If the minimum yield guaranteed in the annuity is 6.5% p.a., what percentage of his likely expenses in the subsequent 10-year period are expected to be covered by the said annuity?
    Problem 11: A retired individual has accumulated Rs. 3 crore for her retirement. Her current monthly household expenses are Rs. 1 lakh which she needs inflation adjusted for 35 years through her retired life. If she considers average inflation to be 5% p.a., what rate of return of a one year deferred annually payable annuity as per her above goal should she hunt for?

  83. Sravanthi said

    Sir
    I completed my 4 modules with in 1year
    Nw my regi..validity is expire
    How can deal with 5th module proces and activation free of for next 1year
    I dnt knw hw to proceed..?
    About my last afp module which material and explainations best ..
    For preparartion
    Can u pleas help me

  84. Sir I completed 4 modules
    Than can I get job?
    Which sector is best for doing job. Iam interested in banking sector.
    Sir please suggest me which is best for my career. And I have a grip in investment planning.

  85. Apurva said

    Sir i am a ca final student and i am interested in doing cfp. As per the guidlines i am eligible for exemption of 4 modules and i have to give only the last module. Can u guide me on this as to how should i begin my preperation ?

  86. Manoj gogoi said

    Dear sir kindly guide me the roadmap and books to start with for CFP. I am a CAIIB and has work ex of more than 3 yrs in bank kindly tell me the process to start with.

  87. Tanvi Nargundkar said

    Hi Prashant, I’m a Chartered Accountant and have enrolled for Challenge Status Pathway (CSP). I have a couple of doubts :
    1. Where do I get the study material for CSP because I don’t want to attend any classes and want to do self study. Can u recommend some books and place from where I would get them.
    2. How much time does it ideally take to complete studying for CSP? Since I believe we have a year’s time to give the exam.
    3. How many subjects are there specifically for CSP?
    4. Are there any education partners who would provide only books and not the entire study coaching classes?
    Kindly help on priority.

    • Hi Tanvi,

      There is no separate study material for CSP. It expected that should you study all the modules thoroughly. However soon my own study material will be available.

      The entire preparation can be done within a period of 4 to 6 months.

      In CSP you have to give only one exam but you are expected to study 5 different subjects.

      Since I am in Ahmedabad, I have little idea about other places.

      Regards.
      Prashant.

  88. Pratik Potdar said

    Which book is best for cfp?

    • Hi,

      As there are no such books recommended by Fpsb, it’s tough to suggest any book. However my study material will be available from the month June. I will update on this site as soon as it’s available.

      Regards.

  89. sonam chokhani said

    Respected sir
    IV joined cfp n really finding it difficult to chose d right study material.please help sir

  90. Mr.Mehta said

    Sir, When will be your books available?

  91. AJAY PRASAD said

    I have cleared XA & XB of NISM. Am I eligible for challenger path for CFP?

  92. Daksh said

    I have completed 3 modules of cfp and I want to start preparing for tax and estate planning.. Can you please guide me through as to how do i prepare for the exam and what are some of the good sources for reading ad well as maximum practice for problems asked in the exam… I have material from ICFL

  93. Raghavan Padmanabhan said

    Hi Prashant. I have done my bachelor’s in computer science and worked in an IT firm for 9 years. Currently an independent share trader. I would like to pursue CFP. Do I need to produce only my education documents or should I also produce work experience documents since my work experience is outside financial services and I am going to appear through regular pathway.

  94. Sugandhi gupta said

    Sir i want your online classes

  95. I am an engineering graduate who found later that financial sector is the place where i should be working. I am more inclined to study about finanacial planning and came across CFP certififcation while browsing for short term finanace certifiaction in india. I have few questions,
    1 Am i eligible to attend CFP?
    2 what’s the level of difficulty ? Since iam from a non-financial background my understanding of finanacial concepts are mediocre.
    3 how to prepare for cfp ? Is self study sufficient or should i enroll myself in coaching institutions.
    Thank you.

    • Hello,
      following are the answers to your questions:
      1. you are very much eligible to do CFP
      2. level of difficulty is moderate and this course is for everyone hence dont worry if you know nothing about finance.
      3. You can purchase my self-study material for preparation. Also keep watching my youtube videos.

      Regards.
      Prashant Shah

  96. Gouthami said

    Hii sir, I want to register for cfp but I have a issue that registrations has stopped from FPSB site up-to may 15 is it right information please help me with this issue

  97. Divya Chaturvedi said

    Hii sir divya here… sir i have cleared all the 4 modules of cfp only the final module is left… i gave that exam solving all the case studies twice uploaded on the fpsb site but still couldnt clear it… the questions were really tough .. how should i prepare for my next attempt.. i really need your help sir please respond asap

  98. vaibhav said

    sir till when registration is start.what are new updates coming about cfp.

  99. Shashwat singh said

    Renowned cfp mentor ,,
    Sir i have been hearing these days that if you didn’t clear all yr modules within this year (i.e at the end of march) all yr passed modules will be wothless and cancelled & you have to re register sign kindly help me reaguarding this as i rely upon yr advice solely.. kind confirm me reguarding this i will be very grateful to yr reply as it is seriouse concern🙏🙏

  100. Divya Chaturvedi said

    Hii sir divya here…. the afp exam i had given in march bt couldnt clear just by doing the book and fpsb site questions and later there was ascertainity of the exams but now m planning to give it again so the questions uploaded here where will i find the solutions to these afp questions to practise please reply.

  101. Kanishk Koushik said

    Hello sir!! I have registered for cfp ( regular path) self stdy mode in October 2018. I have cleared first four modules. Yesterday I have given my last modules Advance financial planning but unfortunately I was unable to cleared it. Actually the question was completely different from the concept which i have prepared. I have not found such type of questions in my book. I was preparing for exam from vedanta educare book.
    I have few queries now
    1) Did I need to renew my registration in fpsb as it is expiring on October 23 ,2019? If yes then what is the process?
    2) where should i get best study material only for last Afp module fro where I can get latest questions bank and similar which is asked in exam.
    Waiting for your reply.
    Thanking you
    Kanishk Koushik

  102. amanwamiq9 said

    Hello sir…Please enlighten me with the info. regarding how much time will be sufficient for preparing Advanced Financial Planning module(CFP). As I have ~40-35 days before next exam date.

    Thank You
    Aman Wamin

  103. Gaurav said

    I have done my MBA in finance & marketing and CAIIB. i have around 6+ years of experience as branch manager/ banking in public sector bank. am I eligible to apply for the Challenge Mode?

  104. vikas rawat said

    Ashwin and Sumedha want to arrange for the funds to meet marriage expenses of their children. They plan the wedding of Prateek after 23 years from now and that of Aslia after 25 years from now. To accumulate the funds for marriage, you advise to start a monthly Systematic Investment Plan (SIP) immediately in Equity scheme of a mutual fund. Such SIP will continue for the next 15 years. You further advise to hold the investment in equity shares till Aslia’s marriage to meet the wedding expenses. After meeting the expenses of Prateek’s marriage, the balance funds in the equity scheme are allowed to appreciate to meet the differential expenses of Aslia’s marriage. The amount of SIP comes to __________.
    (a) Rs. 9,711
    (b) Rs. 5,387
    (c) Rs. 5,756
    (d) Rs. 5,454

    ans- 9711 ( please check )

  105. PB said

    Sir,
    Can we use BA II plus ( Texas instrument) calculator for CFP exam? Most website say only Casio FC 200 V allowed.

  106. Cpd said

    I have passed nism5a exam mutual fund distributor worked as advisor with CA . But don’t have experience certificate can I use CAs experience latter and apply for challenge stutus

  107. Riya Pasari said

    Hi Sir I cleared 4 module of CFP. I watch your YouTube videos they help me a lot can you help me with some question and solution of current case study. Can you put gold sovereign bond video on YouTube it help me a lot.
    Thank you

  108. Aishwarya said

    Sir tax planning module is slightly changed I want that related sums or notes because it seems very difficult
    Can you provide soon?

  109. Gayatri Kothawade said

    Dear Prashant Sir,
    Can you plz tell me that if there is any other soucre for calculation of CFP other than using Calculator…Can i solve CFP calculation on Computer ? And if yes then plz told me the application name…

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