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Certified Financial Planner (CFP)

Certified Financial Planner (CFP)

Course Overview: The Certified Financial Planner (CFP) certification is a globally recognized professional credential for individuals seeking to specialize in financial planning, including investment, retirement, tax, estate, and insurance planning. In India, the course is regulated by the Financial Planning Standards Board (FPSB). The course equips professionals with the skills required to assess a client’s financial situation and provide tailored financial planning solutions.

Duration:

The duration to complete the CFP course typically ranges from 6 months to 2 years, depending on the student's pace, with flexibility for working professionals.

Syllabus (Stage-Wise Breakdown)

The CFP course comprises 6 modules (or stages):

  1. Module 1: Introduction to Financial Planning

    • Financial Planning Process

    • Time Value of Money Applications

    • Personal Financial Statements

    • Cash Flow and Debt Management

    • Financial Mathematics

  2. Module 2: Risk Analysis & Insurance Planning

    • Risk Assessment & Management

    • Insurance Products

    • Insurance Needs Analysis

    • Taxation of Insurance Products

  3. Module 3: Retirement Planning & Employee Benefits

    • Retirement Planning Process

    • Retirement Needs Analysis

    • Pension Plans

    • Provident Funds, Gratuities, and EPF

    • Annuities and Post-Retirement Needs

  4. Module 4: Investment Planning

    • Investment Principles

    • Equity, Bonds, and Derivatives

    • Portfolio Management and Asset Allocation

    • Risk and Return in Investment

    • Tax Aspects of Investment

  5. Module 5: Tax & Estate Planning

    • Taxation Laws in India

    • Tax Efficiency in Financial Planning

    • Estate Planning Techniques

    • Trusts and Wills

    • Gifting Strategies

  6. Module 6: Advanced Financial Planning

    • Comprehensive Case Studies

    • Integrated Financial Planning

    • Ethics and Professionalism in Financial Planning

Average Fees:

  • Average Fees: INR 40,000 to 60,000 (this includes registration, study material, and examination fees).

Exams to Attend:

  • CFP Certification Exams: The course involves clearing four exams corresponding to the first four modules, followed by the Final Certified Financial Planner Certification Exam, which includes integrated financial planning case studies.

  • FPSB Exam Structure: Each module’s exam is conducted online, followed by the final comprehensive case study-based exam.

Top 10 Institutions in India for Certified Financial Planner (CFP):

  1. Indian School of Business and Finance (ISBF), New Delhi

  2. International College of Financial Planning (ICoFP), Mumbai

  3. Indian Institute of Banking & Finance (IIBF), Mumbai

  4. Birla Institute of Management Technology (BIMTECH), Noida

  5. Manipal Academy of Banking, Bangalore

  6. Narsee Monjee Institute of Management Studies (NMIMS), Mumbai

  7. Symbiosis School of Banking and Finance, Pune

  8. ICFAI Business School (IBS), Hyderabad

  9. Delhi School of Business, Delhi

  10. Christ University, Bangalore

Top 10 Institutions in Kerala for Certified Financial Planner (CFP):

  1. Indian Institute of Financial Planning, Kochi

  2. Institute of Financial Management and Research, Thiruvananthapuram

  3. St. Teresa’s College, Ernakulam

  4. Rajagiri Centre for Business Studies, Kochi

  5. Cochin University of Science and Technology (CUSAT), Kochi

  6. St. Albert’s College, Ernakulam

  7. MES College, Marampally

  8. Mahatma Gandhi University, Kottayam

  9. Mar Ivanios College, Thiruvananthapuram

  10. Sacred Heart College, Thevara

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