Personal Finance Education Talk with Karnam Prabhakar Rao (NISM XV Certified & Experienced Professional at Manufacturing Co. - Andhra Pradesh)
In this short post, you’ll know different personal finance mentoring institutes and how you can pursue them as per their difficulty level & investment requirements.
Prabhakar Rao will be passing the CFPF level 3 in the coming months (have passed 2 NISM series)
Let’s discover why Karnam Prabhakar pursued CFPF certification after NISM
- Mainly to fulfil his high desire for personal finance
- Want to become financially wise
- Eventually wants to consult individuals with personal finance services
QPFP: (lighter difficulty level) with 4 levels of ₹60,000/year as a fee. In every 2 months an exam is conducted & coaching happens in every 5 months.
CFP: (medium difficulty level) for those who want to become wealth & investments managers ahead. ₹1.5 L yearly fees having Levels 1 & 2. CFP charge $100 for issuing certificates. The prerecorded lectures fee is ₹1.2L
CWM (not too much tough) - Consists of different courses as per students' interest. 6-month program on each Saturday there’s a 3-hour session is conducted costing ₹1 L per year. Charges $100 for releasing the certificate and every year $100 for recurring fees to have the licensed personal finance services.
AAFM India offers certification in India as per the American curriculum at affordable mentoring.
CFA: CFA is for those who are interested in the stock market, and market analysis (toughest one exam spanning of 18 months with ₹2 L yearly fee). You can become a fund manager and do the market study and reach the top management position with consistent experience.
Conclusion:
NISM is about the studying stock market, company market analysis and industry analysis at macro level.
QPFP is all about personal finance, type of term insurance, need of term & health insurance, etc. at a micro level.

Eligible to provide personal finance service: Need to work in a finance firm for 2-3 years to gain good finance experience.
CFPF teaches you:
- How to approach customer
- How to calculate their current goals as per their annual income
- How to build the right asset allocation that suits his/her finances
- Need highly skilled in MS Excel and as you gain more experience (after 3-4 years) you can start providing personal finance services
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