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Institute of Chartered
Financial Analysts of India (ICFAI) was established in 1984 as a non-profit
society, with the objective of providing training in finance and management.
The ICFAI University refers to the University sponsored by the Institute of
Chartered Financial Analyst of India in Uttarakhand, Tripura, Sikkim,
Meghalaya, Mizoram, Nagaland and Punjab issued letters of intent to the
Institute for the establishment of Universities. Each University is a separate
and independent legal entity. Consequently, the University confers degrees at
Bachelor’s, Master’s and Doctoral levels on eligible students subject to the
University Regulations.
The University Grants
Commission has included all the Universities mention above in the list of
Universities maintained under section 2(f) of the UGC Act, 1956.
However in the list of
Universities/Institutions approved by Distance Education Council (As of
01/02/2010), only ICFAI University, Dehradun has been included.
ICFAI is not affiliated
with the CFA Institute and both the institutes have broken their partnership
and are running their courses separately.
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The Master in Investment and Financial
Analysis (MIFA) Program offered by the Directorate of Distance Education, the
ICFAI university, Tripura is a unique program covering the area of financial
markets, financial analysis, valuation of assets, portfolio management, mutual
and other funds and professional ethics.
The Program has been developed in the context of the
present and future needs of the investment and financial analysis industry.
The Core body of knowledge of the program
includes current and evolving concepts, techniques and applications, and also
providing the flavor of the frontiers of knowledge.
Eligibility
Bachelor's Degree with 55% in aggregate
(any discipline)or four year of experience in finance sector.
Flexible Learning Program
The University provides a detailed study
plan and prescribed books (as per the curriculum of the University) specially
designed and meant for self study.
However, students may attend contact
classes on optional basis.
Program Structure
The MIFA Program has 12 subjects (6 subjects in each
year). The students are required to study and complete all the subjects in a
sequential manner.
Year
1 Subjects
·
Financial Accounting
·
Economics
·
Quantitative Methods
·
Financial Management
·
Financial Markets
·
Financial Statement Analysis
Year II Subjects
·
Equity: Analysis & Valuation
· Fixed
income Securities: Analysis & Valuation
· Derivatives: Analysis & Valuation
·
Portfolio Management
·
Mutual and other Funds
·
Professional Ethics and Case Studies
Examinations
The examinations serve to finally assess and certify
the students’ understanding of the subjects.
The examinations are conceived, developed and
administered on a rigorous and fair basis to bring out the best in the students
and prepare them for challenging careers in the world of investment and
financial analysis.
The examinations are conducted four times a year in
the months of January, April, July and October.
Eligibility
for appearing in examinations
Students will be eligible to appear in the examinations
for two subjects 5 months after the date of enrollment, provided all postdated
cheques, which are due so far, are honored on time. Subsequently, they can
appear for two subjects every three months. Students are required to appear and
pass the subjects in a sequential order.
Online
Registration facility
All students are required to register for their
examinations (including payment of fee) using the online facility only, as the
operations of examinations department are fully computerized.
Passing
requirements
Grading
System
Performance of students in examinations will be
evaluated through the following grades.
A= Excellent
B= Very good
C= Good D= Unsatisfactory
E= Poor
The system of converting the grades to percentage
equivalents is as follows.
A = 80% and above B = 60%
to 79.99%
C = 50% to 59.99% D = 40%
to 49.99%
E = below 40%
Passing
Criteria
For successful completion of a subject, students
will be required to secure at least ‘C’ grade.
In the event of securing ‘D’ or ‘E’ grade in any subject, students will
be required to re-appear for examinations of that subject.
Examination
Pattern
All papers of the program will be of multiple-choice
questions. Each question paper is of 100 marks.
All the questions are compulsory.
There is no negative marking.
Award
All the students who successfully complete all the
12 subjects of the program will be awarded the Master of Investment and
Financial Analysis (MIFA) Degree by the ICFAI University, Tripura. In addition,
the University also confers the CFA Charter and Designation, subject to
University Regulations.
Supreme Court allows CAs to pursue CFA Charter in the name MIFA degree from ICFAI & become CFA's
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There was a bar by the ICAI - the apex Indian body
for Chartered Accountancy from pursuing or joining INDIAN CFA of Icfai
university,
After nearly two decades, the ICFAI (Institute of
Chartered Financial Analysts of India) has won the 'chartered' row against the
ICAI (Institute of Chartered Accountants of India).
In a decision dated May 16, 2007, the court ruled in
favour of ICFAI, by setting aside an earlier verdict of the Andhra Pradesh High
Court, which had allowed the ICAI to prohibit its members from using the
description 'Chartered Financial Analyst' or its abbreviation CFA.
