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THE
REGULAR CFA PROGRAM
Eligibility
-
Graduates
(from any discipline) are eligible to enroll into the CFA Program.
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Candidates
in their final year Bachelor's Degree courses who are expecting the
results within three months from the date of submitting the Application
to ICFAI are also eligible to apply (Such candidates will be enrolled
Provisionally in the CFA Program).
Duration
The
Regular CFA Program may be completed in a period of three years.
Period
of Validity of Enrollment
The
candidates are required to complete the CFA Program (all the three levels)
within a maximum period of seven years from the date of enrollment.
They are also required to complete Level I of the CFA Program within
three years from the date of enrollment. Candidates who are unable
to complete the program within the time-frame stipulated above, but still
keen on continuing in the program, are required to register de novo.
Program
Structure
The CFA Program
is divided into three levels : Level I, Level II and Level III.
After
completing Level I, the candidates will be admitted into Level II. After
completing Level II, they will be admitted into Level III. The candidates
of the Regular CFA Program will be required to study and complete the
three levels in a sequential manner.
Subject-wise
Waivers at CFA Level I
Candidates
with prior professional qualifications like CA/ CWA/CS are eligible
to get waivers from certain subjects in Level I of the CFA Program as
indicated below.
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Subject
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Eligibility
for Waiver
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Financial
Accounting
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Chartered
Accountants,
Cost
and Works Accountants
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Management
Accounting
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Chartered
Accountants,
Cost
and Works Accountants
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Economic
Legislation
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Chartered
Accountants,
Cost
and Works Accountants, Company Secretaries
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Eligibility
for Examinations
Candidates
of the Regular CFA Program are eligible to appear for the examinations
in the following pattern :
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CFA
Level I/DBF
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Group
Alpha, after three months from the date of enrollment.
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Group
Alpha and Beta, after six months from the date
of enrollment.
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Group
Alpha, Beta and Gamma, after nine months from
the date of enrollment.
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| Candidates
are required to appear for the Groups in a sequential order i.e.,
Groups Alpha, Beta and Gamma. |
| CFA
Level II |
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Group
Delta, after six months from the date of entry
into Level II.
- Group
Delta, and Epsilon, after nine months from the date
of entry into Level II.
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Group
Delta, Epsilon and Kappa, after twelve months from
the date of entry into Level II.
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| Candidates
are required to appear for the Groups in a sequential order i.e.,
Groups Delta, Epsilon and Kappa. |
| CFA
Level III |
- Group
Lambda, after six months from the date of entry
into Level III
- Group
Lambda and Sigma after nine months from the date
of entry into Level III.
- Groups
Lambda, Sigma and Theta, after twelve months
from the date of entry into CFA Level III.
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Candidates
are required to appear for the Groups in a sequential order i.e.,
Groups Lambda, Sigma and Theta.
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Award
of Certificates
The certification
program for financial analysts, designed and administered by ICFAI, has
a modular structure. At the end of each Level, the successful candidates
receive a Diploma from ICFAI as indicated below. After completing Level
III, the successful candidates will be eligible to receive the CFA Charter.
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On
successful completion of Level I
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Diploma
in Business Finance (DBF)
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On
successful completion of Level II
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Advanced
Diploma in Finance (ADF)
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On
successful completion of Level III
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PG
Diploma in Financial Analysis (PGDFA), leading to the CFA Charter
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Rank
Certificates, Merit Certificates and Medals
Based
on the performance at the Level III examinations, ICFAI awards Rank Certificates
to top 10 candidates. Merit Certificates are awarded for the top performer
in each Subject. Gold and Silver Medals are awarded for the top performer
in each Group. A Special Award is given to the Best-Outgoing Student every
year.
Award
of the CFA Charter
All
the candidates who successfully complete the CFA Program of ICFAI will
be entitled to receive the CFA Charter from the Council of Chartered Financial
Analysts (CCFA), subject to fulfilling the conditions of membership in
CCFA.
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