Certified Financial Planner (CFP) Certification in India

Certified Financial Planner (C.F.P) in India

Certified Financial Planner (C.F.P) is a certification course approved by Financial Standards Planning Board. This Certified Financial Planner (C.F.P) course is suitable for students planning for a career in Financial Planning. It is recognized internationally and is required for each sector like education, health, and medicine among others. The students can even work later for the advisory board in financial planning in multinational companies and organizations.

Certified Financial Planner- Eligibility Criteria

To be eligible for Certified Financial Planner (C.F.P), a student must have passed 5 papers after their Class 12th to become a certified financial planner. Another way for admission to Certified Financial planner (C.F.P) is the Challenge status pathway.

This pathway is for those who are already professionals in other fields and later in their career want to become certified financial planners. In this pathway, students need to only clear the 5th module and can directly be admitted to the course.

Read More: Bachelor of Banking and Insurance. 

Certified Financial Planner- Colleges

The top 3 colleges for Certified Financial Planner (C.F.P) in 2021, have been listed below.

• Manipal Academy of Higher Education, Karnataka.
• Indian Institute of Technology, Mumbai
• Chandigarh University, Chandigarh.

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Certified Financial Planner (C.F.P) Certification in India

The admission process varies from college to college. Few of the colleges provide direct admission based on Class 12th marks. Few other colleges depend upon National Entrance exams for the course, Certified Financial Planner (C.F.P) in 2021. Students must keep a regular check on the official website of a college to know more about the procedures.

Also Read: Bachelor of Accounting and Finance

Certified Financial Planner (C.F.P)-Entrance Exams

The exam for Certified Financial Planner (C.F.P) in 2021 is conducted by 6 modules. The 6 modules are

• Module 1 – Introduction to Financial Planning
• Module 2 – Risk Analysis & Insurance Planning
• Module 3 – Retirement Planning & Employee Benefits
• Module 4 – Investment Planning Investment Planning
• Module 5 – Tax Planning & Estate Planning
• Module 6 – Advanced Financial Planning

You may also be interested in: Bachelor of Business Studies

Certified Financial Planner (C.F.P)- Reference Books

The top 2 reference books for Certified Financial Planner (C.F.P) in 2021 are given below.

• The Financial Planning Competency Handbook
• Reference Guide for Financial Planners by John Keir

Also Read: Bachelor of Finance Management 

Certified Financial Planner (C.F.P)- Syllabus

Module 1

• Financial planning process
• Financial planning practice and ethics
• Professional Skills
• Regulatory
• Law and compliance
• Time value of money
• Client characteristics
• Client risk profile
• Client engagement and communications
• Critical thinking

Module 2

• Principles of financial management
• Personal and small business balance sheet
• Use and non-use assets
• Cash flow statement
• Budget preparation and management
• Savings analysis and strategy
• Credit and debt management
• Financial ratio analysis
• Specific purpose planning

Module 3

• Taxation principles
• Tax planning objectives
• Tax planning principles
• Tax planning law and policy
• Tax analysis and calculations
• Tax planning strategies
• Tax planning for asset location

Module 4

• Investment principles
• Behavioral finance
• Investment theory
• Performance measurement
• Investment products

Module 5

• Risk management principles
• Insurance planning objectives
• Analysis and evaluation of risk exposures
• Risk strategies
• Risk management products
• Insurance law and claims process
• Product, company, and adviser selection and due diligence

Certified Financial Planner (C.F.P) Certification Fees, Jobs, and Salary in India

Fees for Certified Financial Planner (C.F.P)  are Rs 40,000 to Rs 50,000.

The starting salary of a Certified Financial Planner (C.F.P) in 2021 is Rs 4 lakh and can even grow more than 12,00,000 lakhs a year.

Jobs Roles for Certified Financial Planner (C.F.P)

Job roles for Certified Financial Planner (C.F.P) have been listed below.

• Banks
• Stock brokerage.
• Insurance Companies.
• Wealth Management.
• Tax consultancy.

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