National Institute of Securities Markets (NISM) in co-ordination with Financial Planning Corporation (India) Pvt. Ltd (FPCIL) conducts CPFA Examination.
Who will benefit from CPFA Certification?
CPFA examination is for professionals who offer personal finance and investment solutions to individuals.
CPFA (Certified Personal Financial Advisor) examination will be highly beneficial to:
1)IFA - Individual Financial Advisors
2)Employees of organizations engaged in financial advisory services that include Stock Broking and Distribution Houses, Banks, Wealth Management Companies, Asset Management Companies, Insurance Companies, Consumer Credit Companies etc.
3)Students aspiring for a career in personal financial planning and wealth management
How can I register for NISM-Certified Personal Financial Advisor (CPFA) Examination?
For registrations candidates may visit NISM, NSE, BSE and MCX Websites
What is the fee structure?
Fee is Rs 4,495 inclusive of all taxes.
What is the assessment structure?
The examination will be of 100 marks, will have 80 questions, consisting of 60 ONE Mark, 20 TWO mark questions and should be completed in 2 hours. There will be NO NEGATIVE MARKING. The passing score for the examination is 60%
What is the validity period of the certificate?
The certificate will be valid for 3 years from the date of the examination.
Is there a study material available for preparing for this examination?
You will receive a hard copy of the workbook/study material by courier, after enrolment for the examination.
Modelexam Website offers Study Notes based on NISM Workbook. It consists of 30 pages which covers important concepts. However participants are advised to read NISM CPFA Workbook / Study Material.
Do I have to pay for the study material?
No, the study material is free of cost and will be provided to you on registration and upon payment of fees for the examination by the respective Test Administrator.
How can I appear for NISM CPFA Mock Test? Where do I get sample questions for NISM Certified Personal Financial Advisor Examination?
I have passed NISM CPFA Certification Examination, when will I receive the certificate?
Only the candidates who have produced their Income Tax Permanent Account Number (PAN) during registration would receive the NISM Certificate within two weeks of appearing for the examination.
I have not provided my PAN information at the time of taking the certification examination. How do I obtain the certificate?
Candidates who have not provided their PAN information during registration may furnish their PAN details to the Test Administrator they have registered with anytime after taking the examination. After receiving and verifying PAN details, the candidate will receive the certificate from the Test Administrator they have registered with. No additional payments are necessary for obtaining the certificate.
Is CPFA Exam compulsory for employees of BFSI (Banking Financial Services and Insurance Industry)?
No. CPFA is an optional examination
Syllabus Outline and Weightage
Unit 1: Concept of Financial Planning 4%
Unit 2: Managing Investment Risk 11%
Unit 3: Measuring Investment Returns 11%
Unit 4: Investment Vehicles 7%
Unit 5: Investment Strategies 12%
Unit 6: Insurance Planning 18%
Unit 7: Retirement Planning 18%
Unit 8: Tax and Estate Planning 16%
Unit 9: Need for Regulation 3%
NISM Circular to read
NISM/Certification/NMD-1/2010/1 dated December 28, 2010
2nd January 2013 From India , Madras
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