Course Overview:
The Certified Financial Planner (CFP) certification is a prestigious qualification for financial planners, issued by the Financial Planning Standards Board (FPSB) India. It equips professionals with comprehensive knowledge and skills in financial planning, investment management, tax planning, retirement planning, and estate planning.
Duration:
The CFP certification typically takes 6 to 12 months to complete, depending on the candidate’s prior knowledge and study schedule. Most candidates take about a year to prepare and pass all modules.
Syllabus (Semester-Wise / Level-Wise Structure):
The CFP certification is typically divided into modules or papers, each covering different aspects of financial planning.
1. CFP Module 1 (Equivalent to Semester 1):
Financial Planning Principles and Risk Management
Fundamentals of financial planning
Risk management and insurance planning
Types of insurance and their applications
2. CFP Module 2 (Equivalent to Semester 2):
Investment Planning
Investment products and strategies
Portfolio management and asset allocation
Analysis of financial markets and instruments
3. CFP Module 3 (Equivalent to Semester 3):
Tax and Retirement Planning
Income tax laws and planning strategies
Retirement planning products and solutions
Tax-efficient investment strategies
4. CFP Module 4 (Equivalent to Semester 4):
Estate Planning and Advanced Financial Planning
Estate planning strategies and tools
Wealth transfer and estate taxes
Advanced financial planning techniques
Average Fees:
Study Material and Preparation Courses: ₹30,000 to ₹50,000
Exam Registration Fees: Approximately ₹20,000 to ₹25,000 per module
Total Cost: ₹1,00,000 to ₹1,50,000 (including all modules and preparation costs)
Exams to Attend:
CFP Level 1 Exam: Covers basic concepts and financial planning principles.
CFP Level 2 Exam: Focuses on investment planning and advanced topics.
CFP Level 3 Exam: Tests on comprehensive financial planning and case studies.
Ten Most Ranking Institutions in India (Combined Ranking):
Indian School of Business (ISB)
IIM Ahmedabad (IIMA)
IIM Bangalore (IIMB)
IIM Calcutta (IIMC)
XLRI Jamshedpur
IIM Lucknow (IIML)
FMS Delhi
SPJIMR Mumbai
IIM Indore (IIMI)
NMIMS Mumbai
Top 10 Institutions in Kerala:
Indian Institute of Management Kozhikode (IIMK)
Loyola College, Chennai (CFP Program)
Kerala University of Fisheries and Ocean Studies (KUFOS)
Government Victoria College, Palakkad
Sree Sankaracharya University of Sanskrit (SSUS), Kalady
St. Joseph’s College, Irinjalakuda
Mahatma Gandhi University (MGU), Kottayam
University of Calicut
Sacred Heart College, Thevara
Bharathiar University, Coimbatore (CFP Program)