1) Please read the instructions carefully.

2) Rename the excel sheet as per the instruction and upload this excel sheet only.
3) Attempt the Questions in the given space only and do not write anything elsewhere
4) Make your own assumption and specify the same if required

Q.No 1a 1b 1c 1d 1e 2 3a 3b
Max Marks 3 4 5 2 2 7 3 2
Marks Obtained
3c 4a 4b 4c 4d 4e Total
2 2 2 2 2 2 40
Mr Aditya age 40 years is married to Akriti Age 35 years and has a daughter age 7 years. He is working in private bank and ha
approaches you for his personal financial planning. Family Expenses are assumed to be 80% of Income .Following are his Savi
He has Endowment Life Insurance Policy of Rs 5 lacs Sum Assured and has recently this year open PPF account in which he ha
same amount every year. He also has ULIP plan purchased this year for term of 15 years in which he is paying premium of Rs 5
that he has opted for Balance fund.
His primary goals are protection planning, Creating fund for his daughter’s education and Retirement Planning .You have cond
concluded he is moderately conservative and has taken limited exposure to equity

Assumption: Inflation rate 6% per annum, Life Expectancy of Mr Aditya is 80 years and Mrs Aditya 82 years. Return from Debt
fund 15% p.a, Expected PPF returns for next 15 years At present 7.7% p.a and is expected to fall 7.3% after 5 years and 7% afte

Q.1a) Estimate the requirement of extra Life Insurance he should have if he wants to ensure that his spouse is covered with infl
Corpus is invested in Debt Fund?

1b) The current cost of higher Education is Rs 25 Lakhs and his daughter will be going for higher education after 15 years. He i
funding daughter’s education. Estimate the shortfall/surplus for the same. It is advised to fulfill shortfall by having monthly SI
corpus to Debt fund for last two years. Estimate the amount of monthly SIP require for next 13 years
Q. 1 c) Aditya intends to retire at age of 60 years and he want to accumulate enough corpus to have inflation linked pension for
the amount of Corpus require for same if the corpus will be invested in debt fund. It is advised that he should invest in monthly
corpus to balanced fund for next 3 years and have same amount of SIP in balance fund. After this to transfer the entire corpus in
monthly amount of SIP for 18 years to create the corpus?

1d)      Aditya is seeking advice regarding type of health Insurance plan he should seek to enhance his medical cover
lakhs Annual Limit family floater Reimbursement policy and compare it with taking rider in Life Insurance Plans or s
plan
1e) PPF return at present is 7.7% per annum . Is it really bad for investing if we consider tax benefit What will be the equivalen
you advice any one to invest in it ? Comment
working in private bank and has annual income of Rs 15 lakhs per annum. He
come .Following are his Savings and Investments
n PPF account in which he has contributed Rs 60000 and will be contributing
he is paying premium of Rs 50000 per annum with Sum Assured Rs 5 lacs. In

ment Planning .You have conducted Risk profiler test for him and from that it is

a 82 years. Return from Debt fund 7% p.a, Balanced fund 12% p.a , Equity
7.3% after 5 years and 7% after further 5 years

is spouse is covered with inflation linked expenses for her life if the Insurance

education after 15 years. He intend to use proceeds of PPF and ULIP for
hortfall by having monthly SIP for 13 years in Equity Fund and then shift the
ars
e inflation linked pension for the remaining life to cover his expenses. Estimate
at he should invest in monthly equity SIP for next 15 years and then shift entire
to transfer the entire corpus in debt fund for last two years. Estimate the

enhance his medical cover He and his family are being provided Rs 5
in Life Insurance Plans or should he opt for Top Up Health Insurance
fit What will be the equivalent amount of return without any tax benefit Would
Q.2 ) Mr Arpit is seeking advice that which tax regime he should opt for the old tax regime or the new tax regime .
He is 35 years working in MNC has forecasted following Income for year 2020-21.He lives in Lucknow in rented apartment pa
Salary Income: Basic Salary 400000 Flexible Pay 500000 HRA 200000 Medical Allowance Rs 20000 Bonus Rs 500000
Investments: Monthly SIP Equity MF Rs 8000 Monthly SIP ELSS Rs 4000, Tution Fees for his child Rs 50000, Purchased Plo
15000
.
Taken Housing Loan of Rs 30 lac paying EMI Rs 30000 p.m (Principle Repaid Rs 100000 & Interest Rs 260000) for house in L
Loan of Rs 7 lacs paying EMI of Rs 8000 (Principle Repaid Rs 70000, Interest Rs 26000), Education Loan taken for his higher
5000 (Principle Repaid Rs 20000)
He has taken a family Floater Health Insurance premium for Self-Spouse and child Rs 28000 and for his mother age 62 years R
PMCares for Covid Crises.

Estimate Tax liability in Old and New tax regime and advice whether which one he should opt for?
 new tax regime .
cknow in rented apartment paying a rent of Rs 20000 per month
0000 Bonus Rs 500000
child Rs 50000, Purchased Plot Rs 200000 Life Insurance Premium Rs

rest Rs 260000) for house in Lucknow in which his parents are living. Car
ion Loan taken for his higher studies outstanding Rs 4 lacs paying EMI Rs

for his mother age 62 years Rs 20000. He has Donated Rs 10000 to

?
Q.3) Vedika has been exploring equity market for long term investment however she is skeptical about volatility in Stock mark
her banker that by systematic investment and by maintaining proper asset allocation she can get good return from the equity ma

a) Estimate her final fund value after 12 months if she would have invested Rs 10000 per month SIP in Equity Fund .Compare
directly in equity fund in the first Month Itself

Month Equity Fund NAV

1 30
2 29
3 27
4 25
5 26
6 25
7 24
8 23
9 25
10 26
11 27
12 28

3b) Compare value Averaging & Target Investing by taking suitable example and how it can help in creating wealth in volatile

3c) Vedika has been advised to follow Strategic Asset Allocation by her advsior however the market last year was very volatile
allocation. Kindly advice what she should do
about volatility in Stock market and hence she is reluctant to invest in it. She has been advised by
ood return from the equity market. It is in this context she wants to understand following

SIP in Equity Fund .Compare the fund Value if a person would have invested the Lumpsum

in creating wealth in volatile market

ket last year was very volatile and thus her friend advised to follow tactical approach of Asset
Q.4) Sibeli has been exploring to invest in Balance Mutual fund Scheme and she was trying to understand the fund through fact
your views on following
a) Advice which option should she opt for Direct or Regular option and why?
b) Modified Duration of the scheme is 5 years.Interpret this
c) Interpret following ratios Sortino Ratio of fund is 0.6 and Treynor ratio is 0.1
d) Explore diferent style of Investment approach followed by Fund managers in developing portfolio and how it can influence p
e) Sibeli is also worried about the recent crises in Franklin tepleton AMC in debt schemes how can she evaluate the debt schem

Ans a)

Ans b)

Ans c)

Ans d)

Ans e)
derstand the fund through fact sheet. She is seeking

olio and how it can influence performance of scheme?

an she evaluate the debt scheme performance ?