CFA Program Course of Study in India is as follows:

The CFA Program is organized into three levels, each culminating in a six-hour exam. The program curriculum progresses in complexity as you move through the three levels:

Level I: Focuses on a basic knowledge of the ten topic areas and simple analysis using investment tools
Level II: Emphasizes application of investment tools and concepts with a focus on valuation of all types of assets
Level III: Focuses on synthesizing all of the concepts and analytical methods in a variety of applications for effective portfolio management and wealth planning

Candidates report dedicating in excess of 300 hours of study per level to prepare for each exam.

The Topic Area Outline for CFA Program:

I. Ethical and Professional Standards
A. Professional Standards of Practice

B. Ethical Practices

II. Quantitative Methods
A. Time Value of Money

B. Probability

C. Probability Distributions and Descriptive Statistics

D. Sampling and Estimation

E. Hypothesis Testing

F. Correlation Analysis and Regression

G. Time Series Analysis

H. Simulation Analysis

I. Technical Analysis

III. Economics
A. Market Forces of Supply and Demand

B. The Firm and Industry Organization

C. Measuring National Income and Growth

D. Business Cycles

E. The Monetary System

F. Inflation

G. International Trade and Capital Flows

H. Currency Exchange Rates

I. Monetary and Fiscal Policy

J. Economic Growth and Development

K. Effects of Government Regulation

L. Impact of Economic Factors on Investment Markets

IV. Financial Reporting and Analysis
A. Financial Reporting System (with an emphasis on IFRS)

B. Analysis of Principal Financial Statements

C. Financial Reporting Quality

D. Analysis of Inventories and Long-Lived Assets

E. Analysis of Taxes

F. Analysis of Debt

G. Analysis of Off-Balance-Sheet Assets and Liabilities

H. Analysis of Pensions, Stock Compensation, and Other Employee Benefits

I. Analysis of Inter-Corporate Investments

J. Analysis of Business Combinations

K. Analysis of Global Operations

L. Ratio and Financial Analysis

V. Corporate Finance
A. Corporate Governance

B. Capital Investment Decisions

C. Business and Financial Risk

D. Capital Structure Decisions

E. Working Capital Management

F. Dividend Policy

G. Mergers and Acquisitions and Corporate Restructuring

VI. Equity Investments
A. Types of Equity Securities and Their Characteristics

B. Equity Markets: Characteristics, Institutions, and Benchmarks

C. Fundamental Analysis (Sector, Industry, Company)

D. Valuation of Individual Equity Securities

E. Equity Market Valuation and Return Analysis

F. Closely Held Companies

G. Equity Portfolio Management Strategies

VII. Fixed Income
A. Types of Fixed-Income Securities and Their Characteristics

B. Fixed-Income Markets: Characteristics, Institutions, and Benchmarks

C. Fixed-Income Valuation (Sector, Industry, Company) and Return Analysis

D. Term Structure Determination and Yield Spreads

E. Analysis of Interest Rate Risk

F. Analysis of Credit Risk

G. Valuing Bonds with Embedded Options

H. Structured Products

VIII. Derivatives
A. Types of Derivative Instruments and Their Characteristics

B. Forward Markets and Valuation of Forward Contracts

C. Futures Markets and Valuation of Futures Contracts

D. Options Markets and Valuation of Option Contracts

E. Swaps Markets and Valuation of Swap Contracts

F. Credit Derivatives Markets and Instruments

IX. Alternative Investments
A. Types of Alternative Investments and Their Characteristics

B. Real Estate Valuation

C. Private Equity/Venture Capital Valuation

D. Hedge Funds

E. Distressed Securities/Bankruptcies

F. Commodities and Managed Futures

G. Collectibles

H. Alternative Investment Management Strategies

X. Portfolio Management and Wealth Planning
A. The Investment Policy Statement

B. Modern Portfolio Management Concepts

C. Behavioral Finance

D. Management of Individual/Family Investor Portfolios

E. Management of Institutional Investor Portfolios

F. Investment Manager Selection

G. Economic Analysis and Setting Capital Market Expectations

H. Tax Efficiency Strategies

I. Asset Allocation

J. Portfolio Construction and Revision

K. Risk Management

L. Execution of Portfolio Decisions (Trading)

M. Performance Evaluation

N. Presentation of Performance Results

Contact Detail:
CFA Institute
477 Madison Avenue
21st floor
New York, NY 10022
USA

Map: