How to Become a Certified Financial Planner in India
In this article we talk about the requirements to become a CFP in India and how a financial planner has immense scope in the country.
Did you know India has only about 2000 certified financial planners? For a country has big as ours, this is too small a number. Unfortunately the reason behind this is lack of knowledge. Very few people here have understood the importance of financial planning and how a professionally certified planner can ease our financial woes.
An average middle class Indian thinks that investment is all about making a couple of insurance, hesitantly dabbling in mutual fund investments and staying far away from the stock market. While there is nothing wrong is this approach, an expert will tell you that this is enough to secure your future.
There are many ways you can invest your money wisely but to do so you need to know the methods. However it is important we realise that not everyone can grasp the complexities of managing money which is why seeking professional help is so important.
How to Become a Certified Financial Planner in India?
Eligibility to Become a CFP
Timeline of a CFP Course in India
For a working professional, a PG diploma in financial planning seems to be a good idea. But if you are a fresh graduate still seeking to hone your skills, then a full-fledged master’s program is more suited for you.
However, you must understand that what you will be taught over a span of two years will be much more in-depth and detailed. You learning graph will be deeper and your understanding will be better in a two-year’s program. On the other hand, with a one-year diploma course, you will be able to quickly become a CFP and start a new journey towards bettering your career.
Scope for CFPs in India
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ABOUT THE AUTHOR
The scope of this profession is immense since there are few certified financial planners in India. As an investment manager, you can work on tax planning, estate planning, and retirement planning. You can also manage your cash flows and plan for life insurance.