Course Overview:
The Diploma in Financial Planning equips students with the skills and knowledge required to manage personal finances, plan investments, and offer financial advisory services. The course covers areas such as financial analysis, investment strategies, retirement planning, estate planning, and risk management. It is ideal for those looking to pursue a career as a financial planner, advisor, or consultant.
Duration:
The Diploma in Financial Planning typically spans 1 to 2 years, depending on the institution and whether the course is pursued full-time or part-time.
Syllabus: Semester-Wise Breakdown
Semester 1:
Introduction to Financial Planning
Basics of financial planning
The role of a financial planner
Financial Analysis and Planning
Financial statement analysis
Budgeting and cash flow management
Investment Planning
Types of investments (stocks, bonds, mutual funds)
Investment strategies and portfolio management
Personal Financial Management
Savings and debt management
Tax planning and optimization
Legal and Regulatory Aspects
Financial regulations and compliance
Ethics and professional standards in financial planning
Semester 2:
Retirement Planning
Retirement savings options (EPF, PPF, NPS)
Retirement income strategies and planning
Estate Planning
Will preparation and estate laws
Trusts and estate management
Risk Management and Insurance Planning
Types of insurance (life, health, general)
Risk assessment and management strategies
Advanced Investment Planning
Advanced financial instruments and derivatives
Real estate and alternative investments
Financial Planning Software
Introduction to financial planning tools
Using software for planning and analysis
Semester 3:
Taxation and Estate Planning
Advanced tax planning techniques
Estate tax considerations and planning
Behavioral Finance
Understanding investor behavior
Psychological aspects of financial decision-making
Client Relationship Management
Building and managing client relationships
Effective communication and advisory skills
Ethics and Professionalism in Financial Planning
Ethical dilemmas and resolutions
Maintaining professional standards and client trust
Project Work/Internship
Practical experience through a project or internship
Application of financial planning principles
Average Fees:
The average fees for the Diploma in Financial Planning range from ₹50,000 to ₹2,00,000, depending on the institution and location.
Exams to Attend:
Students must complete semester-wise exams, practical assessments, and project work related to financial planning. Additionally, some institutions may require certifications from professional bodies such as the Financial Planning Standards Board (FPSB) or National Institute of Securities Markets (NISM).
Top 10 Ranking Institutions Combined in India:
Indian School of Business (ISB), Hyderabad
Institute of Chartered Accountants of India (ICAI), New Delhi
National Institute of Securities Markets (NISM), Mumbai
Indian Institute of Management (IIM), Ahmedabad
S.P. Jain Institute of Management and Research (SPJIMR), Mumbai
Xavier Labour Relations Institute (XLRI), Jamshedpur
Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
Indian Institute of Management (IIM), Bangalore
Indian Institute of Management (IIM), Calcutta
Symbiosis Institute of Business Management (SIBM), Pune
Top 10 Institutions in Kerala:
Rajagiri College of Social Sciences, Kochi
University of Kerala, Thiruvananthapuram
Amity Global Business School, Kochi
Kochi Business School, Kochi
Loyola College of Social Sciences, Thiruvananthapuram
Cochin University of Science and Technology (CUSAT), Kochi
St. Joseph’s College of Commerce, Kozhikode
Kerala Management Association (KMA), Kochi
Vimala College, Thrissur
Kendriya Vidyalaya Sangathan (KVS), Kerala