Gold ETFs provide a cheaper, safer, and easier way to invest in gold compared to other options like jewelry and bars. They have lower costs with no premiums or custody fees, offer high liquidity as they can be sold on the exchange anytime, and provide tax advantages over physical gold. While gold historically acts as a hedge during market crises and inflation, financial advisors recommend including gold ETFs as 5-20% of one's portfolio depending on risk tolerance to diversify assets.
Hedge funds (The Indian Context and the Regulatory Framework)Sham Chandak
This presentation in a broad sense gives an idea about the hedge funds, their objectives, their participants, their evolution. It talks about how India attracts the eye of Hedge Fund managers world wide. The growth potential in India as an emerging economy. The various types of Hedge Funds and the strategies implemented. The indices which track Hedge Fund performances around the globe. Some empirical findings about the absolute returns generated by hedge funds. The regulatory framework in India for Hedge Funds as a part of Alternative Investment Funds as guided by SEBI
Hedge funds (The Indian Context and the Regulatory Framework)Sham Chandak
This presentation in a broad sense gives an idea about the hedge funds, their objectives, their participants, their evolution. It talks about how India attracts the eye of Hedge Fund managers world wide. The growth potential in India as an emerging economy. The various types of Hedge Funds and the strategies implemented. The indices which track Hedge Fund performances around the globe. Some empirical findings about the absolute returns generated by hedge funds. The regulatory framework in India for Hedge Funds as a part of Alternative Investment Funds as guided by SEBI
Bharat Forge Limited : A Project of Corporate Finance by Asokendu SamantaDr. Asokendu Samanta
Abstract – Bharat Forge Limited (BFL), one of the world's largest forging companies is based in Pune, India and has nine manufacturing plants in India, Germany, Sweden, United States, Scotland, United Kingdom and mainland China. The flagship company of the USD 2.4 billion Kalyani Group was founded by Indian billionaire Baba Kalyani in 1961 and is listed both in BSE and NSE. BFL manufactures various forged and machined components for the automotive and non-automotive sector (Fig. 1). In this present report, analyses of BFL, mainly from corporate finance point of view are made. Various aspects (cash flow analysis, ratio analysis, capital budgeting, valuation of stock, working capital management, analysis with its peers) are done chapter wise collecting data mainly from company’s website and annual report. Sample calculations (ratio, NPV, IRR, Intrinsic value of stock) are shown in details and remarks are made wherever required. At the end, conclusions are drawn in chapter seven analyzing all aspects.
this presentation describes how the capital account convertibility is in India.
What is Capital account?
What is Capital account convertibility?
Measures. Advantages and Disadvantages
Government Securities - Classification and ValuationAbhijeet Deshmukh
This presentation in based on RBI Master circular on Government Securities Portfolio and its valuation. The presentation describes in detail 'Held to Maturity', 'Available for Sale' and 'Held for Trading'
www.abhijeetdeshmukh.com
RBI issues SGB on behalf of the Government of India. Buy SGB online and earn a fixed interest of 2.50% per annum. No making charges and alternative of physical gold.
Bharat Forge Limited : A Project of Corporate Finance by Asokendu SamantaDr. Asokendu Samanta
Abstract – Bharat Forge Limited (BFL), one of the world's largest forging companies is based in Pune, India and has nine manufacturing plants in India, Germany, Sweden, United States, Scotland, United Kingdom and mainland China. The flagship company of the USD 2.4 billion Kalyani Group was founded by Indian billionaire Baba Kalyani in 1961 and is listed both in BSE and NSE. BFL manufactures various forged and machined components for the automotive and non-automotive sector (Fig. 1). In this present report, analyses of BFL, mainly from corporate finance point of view are made. Various aspects (cash flow analysis, ratio analysis, capital budgeting, valuation of stock, working capital management, analysis with its peers) are done chapter wise collecting data mainly from company’s website and annual report. Sample calculations (ratio, NPV, IRR, Intrinsic value of stock) are shown in details and remarks are made wherever required. At the end, conclusions are drawn in chapter seven analyzing all aspects.
this presentation describes how the capital account convertibility is in India.
What is Capital account?
What is Capital account convertibility?
Measures. Advantages and Disadvantages
Government Securities - Classification and ValuationAbhijeet Deshmukh
This presentation in based on RBI Master circular on Government Securities Portfolio and its valuation. The presentation describes in detail 'Held to Maturity', 'Available for Sale' and 'Held for Trading'
www.abhijeetdeshmukh.com
RBI issues SGB on behalf of the Government of India. Buy SGB online and earn a fixed interest of 2.50% per annum. No making charges and alternative of physical gold.
An exchange-traded fund (ETF) is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day. Most ETFs track an index, such as a stock index or bond index. ETFs may be attractive as investments because of their low costs, tax efficiency, and stock-like features. ETFs are the most popular type of exchange-traded product.
An ETF combines the valuation feature of a mutual fund or stock, which can be bought or sold at the end of each trading day for its net asset value, with the tradability feature of a closed-end fund, which trades throughout the trading day at prices that may be more or less than its net asset value. Closed-end funds are not considered to be ETFs, even though they are funds and are traded on an exchange.
Only authorized participants, which are large broker-dealers that have entered into agreements with the ETF's distributor, actually buy or sell shares of an ETF directly from or to the ETF, and then only in creation units, which are large blocks of tens of thousands of ETF shares, usually exchanged in-kind with baskets of the underlying securities. Authorized participants may wish to invest in the ETF shares for the long-term, but they usually act as market makers on the open market, using their ability to exchange creation units with their underlying securities to provide liquidity of the ETF shares and help ensure that their intraday market price approximates the net asset value of the underlying assets. Other investors, such as individuals using a retail broker, trade ETF shares on this secondary market
Agcapita is Canada's only RRSP and TFSA eligible farmland fund and is part of a family of funds with almost $100 million in assets under management. Agcapita believes farmland is a safe investment, that supply is shrinking and that unprecedented demand for "food, feed and fuel" will continue to move crop prices higher over the long-term. Agcapita created the Farmland Investment Partnership to allow investors to add professionally managed farmland to their portfolios. Agcapita publishes a monthly agriculture briefing.
By Derek Byerlee. Presented at the ASTI-FARA conference Agricultural R&D: Investing in Africa's Future: Analyzing Trends, Challenges, and Opportunities - Accra, Ghana on December 5-7, 2011. http://www.asti.cgiar.org/2011conf
Shuai HE, Saini YANG, Jiayuan YE
State Key Laboratory of Earth Surface Processes and Resource Ecology, Beijing Normal University, Beijing 100875, China
UiPath Test Automation using UiPath Test Suite series, part 6DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 6. In this session, we will cover Test Automation with generative AI and Open AI.
UiPath Test Automation with generative AI and Open AI webinar offers an in-depth exploration of leveraging cutting-edge technologies for test automation within the UiPath platform. Attendees will delve into the integration of generative AI, a test automation solution, with Open AI advanced natural language processing capabilities.
Throughout the session, participants will discover how this synergy empowers testers to automate repetitive tasks, enhance testing accuracy, and expedite the software testing life cycle. Topics covered include the seamless integration process, practical use cases, and the benefits of harnessing AI-driven automation for UiPath testing initiatives. By attending this webinar, testers, and automation professionals can gain valuable insights into harnessing the power of AI to optimize their test automation workflows within the UiPath ecosystem, ultimately driving efficiency and quality in software development processes.
What will you get from this session?
1. Insights into integrating generative AI.
2. Understanding how this integration enhances test automation within the UiPath platform
3. Practical demonstrations
4. Exploration of real-world use cases illustrating the benefits of AI-driven test automation for UiPath
Topics covered:
What is generative AI
Test Automation with generative AI and Open AI.
UiPath integration with generative AI
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Encryption in Microsoft 365 - ExpertsLive Netherlands 2024Albert Hoitingh
In this session I delve into the encryption technology used in Microsoft 365 and Microsoft Purview. Including the concepts of Customer Key and Double Key Encryption.
Pushing the limits of ePRTC: 100ns holdover for 100 daysAdtran
At WSTS 2024, Alon Stern explored the topic of parametric holdover and explained how recent research findings can be implemented in real-world PNT networks to achieve 100 nanoseconds of accuracy for up to 100 days.
DevOps and Testing slides at DASA ConnectKari Kakkonen
My and Rik Marselis slides at 30.5.2024 DASA Connect conference. We discuss about what is testing, then what is agile testing and finally what is Testing in DevOps. Finally we had lovely workshop with the participants trying to find out different ways to think about quality and testing in different parts of the DevOps infinity loop.
Enchancing adoption of Open Source Libraries. A case study on Albumentations.AIVladimir Iglovikov, Ph.D.
Presented by Vladimir Iglovikov:
- https://www.linkedin.com/in/iglovikov/
- https://x.com/viglovikov
- https://www.instagram.com/ternaus/
This presentation delves into the journey of Albumentations.ai, a highly successful open-source library for data augmentation.
Created out of a necessity for superior performance in Kaggle competitions, Albumentations has grown to become a widely used tool among data scientists and machine learning practitioners.
This case study covers various aspects, including:
People: The contributors and community that have supported Albumentations.
Metrics: The success indicators such as downloads, daily active users, GitHub stars, and financial contributions.
Challenges: The hurdles in monetizing open-source projects and measuring user engagement.
Development Practices: Best practices for creating, maintaining, and scaling open-source libraries, including code hygiene, CI/CD, and fast iteration.
Community Building: Strategies for making adoption easy, iterating quickly, and fostering a vibrant, engaged community.
Marketing: Both online and offline marketing tactics, focusing on real, impactful interactions and collaborations.
Mental Health: Maintaining balance and not feeling pressured by user demands.
Key insights include the importance of automation, making the adoption process seamless, and leveraging offline interactions for marketing. The presentation also emphasizes the need for continuous small improvements and building a friendly, inclusive community that contributes to the project's growth.
Vladimir Iglovikov brings his extensive experience as a Kaggle Grandmaster, ex-Staff ML Engineer at Lyft, sharing valuable lessons and practical advice for anyone looking to enhance the adoption of their open-source projects.
Explore more about Albumentations and join the community at:
GitHub: https://github.com/albumentations-team/albumentations
Website: https://albumentations.ai/
LinkedIn: https://www.linkedin.com/company/100504475
Twitter: https://x.com/albumentations
The Art of the Pitch: WordPress Relationships and SalesLaura Byrne
Clients don’t know what they don’t know. What web solutions are right for them? How does WordPress come into the picture? How do you make sure you understand scope and timeline? What do you do if sometime changes?
All these questions and more will be explored as we talk about matching clients’ needs with what your agency offers without pulling teeth or pulling your hair out. Practical tips, and strategies for successful relationship building that leads to closing the deal.
Unlocking Productivity: Leveraging the Potential of Copilot in Microsoft 365, a presentation by Christoforos Vlachos, Senior Solutions Manager – Modern Workplace, Uni Systems
LF Energy Webinar: Electrical Grid Modelling and Simulation Through PowSyBl -...DanBrown980551
Do you want to learn how to model and simulate an electrical network from scratch in under an hour?
Then welcome to this PowSyBl workshop, hosted by Rte, the French Transmission System Operator (TSO)!
During the webinar, you will discover the PowSyBl ecosystem as well as handle and study an electrical network through an interactive Python notebook.
PowSyBl is an open source project hosted by LF Energy, which offers a comprehensive set of features for electrical grid modelling and simulation. Among other advanced features, PowSyBl provides:
- A fully editable and extendable library for grid component modelling;
- Visualization tools to display your network;
- Grid simulation tools, such as power flows, security analyses (with or without remedial actions) and sensitivity analyses;
The framework is mostly written in Java, with a Python binding so that Python developers can access PowSyBl functionalities as well.
What you will learn during the webinar:
- For beginners: discover PowSyBl's functionalities through a quick general presentation and the notebook, without needing any expert coding skills;
- For advanced developers: master the skills to efficiently apply PowSyBl functionalities to your real-world scenarios.
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
Securing your Kubernetes cluster_ a step-by-step guide to success !KatiaHIMEUR1
Today, after several years of existence, an extremely active community and an ultra-dynamic ecosystem, Kubernetes has established itself as the de facto standard in container orchestration. Thanks to a wide range of managed services, it has never been so easy to set up a ready-to-use Kubernetes cluster.
However, this ease of use means that the subject of security in Kubernetes is often left for later, or even neglected. This exposes companies to significant risks.
In this talk, I'll show you step-by-step how to secure your Kubernetes cluster for greater peace of mind and reliability.
zkStudyClub - Reef: Fast Succinct Non-Interactive Zero-Knowledge Regex ProofsAlex Pruden
This paper presents Reef, a system for generating publicly verifiable succinct non-interactive zero-knowledge proofs that a committed document matches or does not match a regular expression. We describe applications such as proving the strength of passwords, the provenance of email despite redactions, the validity of oblivious DNS queries, and the existence of mutations in DNA. Reef supports the Perl Compatible Regular Expression syntax, including wildcards, alternation, ranges, capture groups, Kleene star, negations, and lookarounds. Reef introduces a new type of automata, Skipping Alternating Finite Automata (SAFA), that skips irrelevant parts of a document when producing proofs without undermining soundness, and instantiates SAFA with a lookup argument. Our experimental evaluation confirms that Reef can generate proofs for documents with 32M characters; the proofs are small and cheap to verify (under a second).
Paper: https://eprint.iacr.org/2023/1886
Observability Concepts EVERY Developer Should Know -- DeveloperWeek Europe.pdfPaige Cruz
Monitoring and observability aren’t traditionally found in software curriculums and many of us cobble this knowledge together from whatever vendor or ecosystem we were first introduced to and whatever is a part of your current company’s observability stack.
While the dev and ops silo continues to crumble….many organizations still relegate monitoring & observability as the purview of ops, infra and SRE teams. This is a mistake - achieving a highly observable system requires collaboration up and down the stack.
I, a former op, would like to extend an invitation to all application developers to join the observability party will share these foundational concepts to build on:
Sudheer Mechineni, Head of Application Frameworks, Standard Chartered Bank
Discover how Standard Chartered Bank harnessed the power of Neo4j to transform complex data access challenges into a dynamic, scalable graph database solution. This keynote will cover their journey from initial adoption to deploying a fully automated, enterprise-grade causal cluster, highlighting key strategies for modelling organisational changes and ensuring robust disaster recovery. Learn how these innovations have not only enhanced Standard Chartered Bank’s data infrastructure but also positioned them as pioneers in the banking sector’s adoption of graph technology.
5. WHY INVEST IN GOLD
Gold prices show less fluctuations and provide stable returns in the long run.
[ low correlation with other key asset classes ]
5
6. WHY INVEST IN GOLD
200
Equity Returns Gold Returns
150
Great Arab Oil Sub Prime
Asian Crisis
Depression Embargo Crisis
Percent Returns
100
50
0
-50
-100 Japanese
World War 2 Dotcom Bust
Stock Bubble
-150
1929 1939 1973 1989 1997 2000 2007
6
8. WHY INVEST IN GOLD
GOLD IS A FUNDAMENTALLY DIFFERENT ASSET CLASS Gold Price vs. Inflation
$1,200.00
$1,000.00
Gold is an economically secure asset i.e. it $800.00
is an asset which is no one’s liability & $600.00
hence $400.00
No risk of inflation $200.00
$0.00
No risk of repudiation
1980
1948
1952
1956
1960
1964
1968
1972
1976
1984
1988
1992
1996
2000
2004
2008
Gold Price Inflation Index
Gold provides an incontrovertible liquidity
unaffected by exchange controls or asset Gold as a Percentage of Total Reserves
freezes
80
Q1 2001 Q1 2010
60
Gold has high public confidence
40
20
In the previous decade, most central
banks have increased gold as a 0
percentage of total reserves in apparent
response to perceived uncertainty
8
10. WHAT CUSTOMERS WANT
WHICH IS THE OPTION HOW TO EVADE THE RISKS OF
CAN I SAVE ON PREMIUM
THAT IS EASY TO BUY THEFT & IF I CAN SAVE ON
AND MAKING CHARGES ?
& EASY TO SELL ? LOCKER CHARGES
10
12. CUSTOMER BENEFITS
I PAY NO PREMIUM OR IT IS EASY TO BUY, NO WORRIES OF THEFT &
MAKING CHARGES AND EASY TO SELL I SAVE ON LOCKER CHARGES
12
13. GOLD ETF (EXCHANGE TRADED FUND)
Gold ETF are listed on NSE and can be
purchased using a demat account.
Buying GOLD ETF is purchasing gold just like you buy
stock of any company from your broker.
Every unit sold is backed by physical gold.
13
14. GOLD ETF (EXCHANGE TRADED FUND)
Cheapest form of pure physical gold with no premium or making charges
What makes it
attractive? No issues of wastage or impurities like in the case of physical gold
Tax efficient way to hold gold, No Securities Transaction Tax or wealth Tax
Can be easily purchased or sold anytime at transparent real time prices
Can track your investment value in real time
Easy to buy in small lots, 1 unit at a time. (1unit approx equal to 1gm of gold price in spot)
Can build your gold portfolio unit-by-unit to the level you want
No worries of theft and also save on locker charges
Benefit on long-term capital gains
Accepted as collaterals for loans
Holdings in lots of 1000 gms can be converted into physical gold by AMCs
14
15. GOLD ETF FEATURE SPECIFICATIONS
Type of fund Non Equity ETF
Investment In underlying physical gold
Taxation treatment Debt
Unit ~1 gm of gold, typically
Tick Size INR 0.01
Minimum Lot (on Exchange) 1 unit
Minimum Lot (Direct) 1000 units
Expense Ratio ~ 1.00 %
Trade hours Same as cash market
Price As determined on exchange
Trade cycle T+2
90 – 100% is GOLD
Allocation Pattern 0 – 10% is Money market, securitized
debts, bonds and cash at call
15
16. GOLD ETFs listed with NSE
10 GOLD ETFs that you can select from
Unit Size
Name Inception
(gm)
Gold BeES 15-Feb-07 1
UTI-Gold ETF 01-Mar-07 1
KOTAK Gold ETF 20-Jun-07 1
Reliance Gold ETF 15-Oct-07 1
Quantum Gold Fund 24-Jan-08 0.5
SBI Gold ETS 30-Mar-09 1
RELIGAREGOLD 28-Jan-10 1
HDFC MF Gold ETF 25-Jun-10 1
ICICI Prudential Gold ETF 30-Jun-10 1
Axis Gold ETF 20-Oct-10 1
We recommend you contact your broker who will guide you with your selection
16
18. GOLD ETFs COMPELLING COST ADVANTAGE
GOLD PURCHASE (AS ON 07-02-2011)
Jewellers
Banks* Gold ETF
Local#
Standard (purity) 995 999 995
Market Price(per gm) 2,276 2,666 2,156
Adjusted Price (for 995 purity) 2,276 2,653 2,156
Initial Investment (10 gms) 22,755 26,529 21,560
Brokerage - - 108
VAT @ 1% 228 265 -
Net Cost 22,983 26,795 21,668
By buying GOLD ETF, you save more
*Price taken from HDFC Bank website. #Average price is 2-3% over spot price.
. AMC Annualized Charges as applicable on Gold ETF (approx 1%)
*Gold Fund of Funds will cost approx 0.5% more per annum than a comparable ETF because of AMC charges.
18
19. GOLD ETFs COMPELLING TAX ADVANTAGES
Tax Computations
Jewellers Banks Gold ETF
Wealth Tax Applicable Applicable NA
Long Term Capital Gains 3 Years 3 Years 1 Year
Value Added Tax Applicable Applicable NA
For an investor,
a Gold ETF has the most favorable post tax outcome
19
20. COMPELLING LIQUIDITY ADVANTAGES
Liquidating the Assets
Jewellers Banks# Gold ETF
Ability to sell for cash No No YES
Yes , for
Ability to exchange for other asset No NA
Jewellery
Market
Transparency in Exit Price NA NA
price
Exit Load NA* NA ~0.25%**
Gold ETF can be sold for cash at the then-prevailing market price
through an NSE trading member
#Banks are prohibited by RBI from buying back physical gold *No making charges & weight loss for
gold bars/coins **Brokerage. STT is waived.
20
24. GOLD ALLOCATION IN THE PORTFOLIO
We have seen
GOLD IS A SAFE HAVEN DURING CRISES IN THE MARKETS
GOLD HAS PROVED ITSELF TO PROVIDE STABLE RETURNS
HOW GOLD ETFS ARE THE SMARTER WAY TO BUY GOLD : CHEAPER, SAFER & EASY TO SELL
Most money managers recommend
gold allocations of 5% to 20% within client portfolios, depending on risk profile.
Even if you have previously purchased gold ETFs, remember that the proportion of various assets in your
portfolio needs to be adjusted periodically.
Please consult your broker on how much allocation to Gold ETFs in
your portfolio is suitable for you.
24
25. DISCLAIMER
This Information Dossier is only an explanatory note prepared by National Stock
Exchange of India Ltd. (NSE) to provide a further clarification to the investors with respect
to investing in Gold ETF. While every effort is made to present accurate and reliable
information, NSE does not endorse, approve, or certify such information, nor does it
guarantee the accuracy, completeness, efficacy or correct explanatory note of the
Gold ETF. The Information Dossier does not constitute an offer or solicitation to invest in
Gold ETF. NSE accepts no responsibility whatsoever for any consequences arising out of
the use of the Information Dossier including any investment decisions taken by the
investors based on this Information Dossier.
25