The MIFA (CFA) Program
Chartered Financial Analyst
A Unique Program
The CFA Program is a unique program covering the areas of financial markets, financial analysis, valuation of assets, portfolio management, mutual and other funds and professional ethics.
The CFA Program has been developed in the context of the present and future needs of the investment industry and the CFA profession.
The core body of knowledge of the CFA Program includes current and evolving concepts, techniques and applications, and also providing the flavor of the frontiers of knowledge.
Objectives
The CFA Program is a postgraduate program with the following broad objectives :
� To improve the ability to develop a framework for financial analysis and to rationally evaluate alternatives for purposes of decision-making.
� To deepen insights into practical applications of financial analysis in a dynamic investment environment.
� To encourage aspiring financial analysts equip themselves with the latest tools and techniques.
� To develop contemporary body of knowledge and skill-set and make them available for those seeking rewarding careers in the investment industry era of globalization.
The Approach
The CFA Program follows the following distinctive but inter-related approaches :
� Basic Knowledge aimed at improving students' understanding of certain fundamental phenomena and relationships underlying the changing world of investment management.
� Tools and Techniques are required to equip students improve their analytical ability and power of integration and synthesis in the context of financial markets and instruments.
� Application Areas linking the theoretical studies to the practical problems faced by financial analysts and investment managers.
� Professional Ethics aimed at inculcating in the students an ethical approach in their professional interactions and a sense of personal, corporate, and social responsibilities.
Focus Areas
The Program has five focus areas:
� Financial Markets Financial markets include capital markets (equity, debt and derivatives) both primary and secondary segments. The players include the issuers of financial instruments, the institutional and individual investors, the intermediaries (like investment bankers, brokers, bankers, etc), the financial analysts, the media, the mutual funds, pension funds, hedge funds, the stock exchanges (like Bombay Stock Exchange, National Stock Exchange, etc), and the regulators like Securities and Exchange Board of India.
� Analysis and ValuationThe various financial instruments like equity, fixed income securities (like bonds), and derivatives (like options, futures, and swaps) have different risks associated with them and yield different returns. These risks and returns have to be carefully analyzed and the instruments have to be properly valued applying various methods of valuation.
� Portfolio ManagementDifferent investors have different risk profiles and return-expectations. Hence different portfolios have to be developed and managed to achieve the objectives of the investors. Depending upon the changing circumstances, the portfolios have to be rebalanced. Asset allocation and risk-return management are the key functions of a successful portfolio manager.
� Mutual and Other FundsA wide variety of mutual funds, pension funds, and hedge funds have come into existence. Each mutual fund has several schemes: growth schemes, income schemes, balanced schemes, sectoral schemes, index-linked schemes, tax-planning, schemes etc. Several insurance companies have to manage their investment funds as per Insurance Regulatory Development Authority Regulations. Securities and Exchange Board of India has kept in place detailed regulations for mutual funds.
� Code of ConductThe CFAs are required to adhere to the code of ethics and standards of professional conduct covering various aspects like integrity, ethical behavior, professional competence, objectivity, professional independence and public trust.
Eligibility
Regular CFA:
Bachelor�s Degree in English medium (any discipline) with 55% and above aggregate marks.
Students who have pursued their degree program in non-English medium are advised to undergo proper preparatory courses in Business English so that they can cope with the CFA Program.
Duration: 24 months.
Medium of instruction: English
Validity of enrollment
� For students who pay fee year-wise.
They are required to complete Year I of the CFA Program within a maximum period of three years from the date of enrollment. Students who are unable to complete the program within three years, but are still keen on continuing in the program, are required to register de novo by paying the requisite fee.
� For students who pay full fee for both the Years.
They are required to complete all six groups of the CFA Program within a maximum period of seven years from the date of enrollment. Students who are unable to complete the program within seven years, but are still keen on continuing in the program, are required to register de novo by paying the requisite fee.
Program Structure
The CFA Program is divided into six groups. Each group consists of two subjects. The students are required to study and complete all the groups in a sequential manner.
Click here for Program Structure.
360 Flexible Learning Program�
The CFA Program is based on study and examinations, with 3600 flexibility for students.
Study: The University provides a detailed study plan and prescribed books specially designed (as per the curriculum of the University) and meant for self-study.
Contact Classes: Students may attend contact classes on optional basis.
Examinations: The examinations serve to finally assess and certify the students' understanding of the subjects.
For any further Details feel free to contact
ICFAI University
+91-7827533255
ICFAI University
+91-7827533255
