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FPSB INDIA ANNUAL REPORT 2014-2015| 1
ANNUALREPORT
2014�-2015
FPSB�India
FPSB INDIA ANNUAL REPORT 2014-2015| 2
FPSB INDIA ANNUAL REPORT 2014-2015| 3
Between You and MeDate : 10 April, 2015Dear Friend,
Financial Planner continues to be amongst the Top 20 jobs in the CareerCast 2014 rankings of America’s 200 jobs. Financial Planner was ranked as the 16th best job with specifics of the job related to careers in portfolio management and offering a broad range of services aimed at assisting individuals in managing and planning their financial future. In India, Financial Planning shall be increasingly relevant as an art and science to firstly create wealth and then manage wealth in a disciplined manner to achieve financial goals. It is more towards attaining a state of financial freedom, a way of achieving balance in our financial transactions on an ongoing basis than one-off transactions. The number of CFP professionals in India stands at 1,820 as on 31 December 2014. The number is 1.57 lakh of the CFP professionals certified worldwide.
India with a major share of middle class population requires Financial Planning services to achieve life goals of her masses. In three decades India will have the second largest population of senior citizens in the world. This is on top of the fact that no social security has been built as a Government initiative. This entails Retirement Planning to be our top priority. Hence, a holistic retirement plan is the need of the hour.
In India, the regulatory efforts are at an advanced stage to creating an effective oversight of intermediaries in the financial services. The vision of FPSB India is to harmonize diverse financial domains on the Personal Finance platform for an individual’s disciplined achievement of financial goals. Such domains include investments in accordance with risk profile to achieve financial goals; insurance to cover risk to life, health and assets; a retirement plan or a suitable arrangement in lieu thereof to build a sufficient retirement corpus; estate planning for effective and tax-efficient transfer of assets to dependents, etc. The aim of FPSB India is to strike a convergence of regulations blurring the differentiation in products of similar profile which fall under different regulatory purview. We would continue with our efforts to scale up the Financial Planning movement in the country and work closely with all stakeholders for further augmentation of Financial Planning profession in the country. We look forward to the continuance of your worthy patronage. We sincerely endeavour the profession to help India’s Wealth Quotient on an upward spiral.
Warm Regards,
Ranjeet S MudholkarVice Chairman & CEO, FPSB India
FPSB INDIA ANNUAL REPORT 2014-2015| 4
CONTENT
I. Membership / CFP Professional Statistics 5
II. Examination 11
III. Area Wise Distribution of CFPCM Professionals Eligible for Certification 15
III. Charter Member-wise numbers of CFPCM Certificants 17
V. Education Partners 19
VI. Continuous Education 21
VII. Ethics and Discipline / Practice Standards 23
VIII. Marks Promotion / Protection 23
IX. Current / Upcoming Events and Publication 24
X. List of Board of Directors 25
XI. List of Charter Members of FPSB India 26
FPSB INDIA ANNUAL REPORT 2014-2015| 5
MEMBERSHIP / CFPCM PROFESSIONAL STATISTICS
1. Number of CFPCM certificants and change since month
2. Demographic information on CFPCM certificants
Gender Number Percentage of TotalMale 1465 81.25%
Female 338 18.75%
Age Number Percentage of Total20-29 161 8.93%
30-39 790 43.82%
40-49 554 30.73%
50-59 248 13.75%
60+ 50 2.77%
CategoryNumber at end of March , 2015
Number at end of March, 2014
Percentage growth
CFPCM certificants 1,803 1,849 -2.49%
Student 32,987 31,110 6.03%
AFP 96 67 43.28%
Corporate 44 47 -6.38%
1
81%
19%
Male
Female
Demographic Information on CFPCM Certificants Number (Gender Wise)
9%
44%30%
14%3%
Age 20-29
Age 30-39
Age 40-49
Age 50-59
Age 60+
Demographic Information on CFPCM Certificants Number (Age Wise)
Years of Experience Number of CFPCM Professionals Percentage of Total
0-5 992 55.02%
6-10 417 23.13%
11-15 188 10.43%
16-20 97 5.38%
20+ 109 6.05%
FPSB INDIA ANNUAL REPORT 2014-2015| 6
Student Member Enrollment Statistics
2013 - 14* Enrollments
TermApr- 14
May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Total
Total 174 156 152 190 129 211 141 177 157 153 133 104 1877
Enrollments & Growth Rate (Year-wise)
Enrollment Year No of Enrollments Growth Rate2002 -03 284 NA
2003 -04 684 140.85
2004 -05 852 24.56
2005 -06 1,608 88.73
2006-07 2,443 51.87
2007-08 4,196 71.75
2008-09 3,867 (7.90)
2009-10 3,363 (12.98)
2010-11 4,391 30.57
2011-12 4,070 (7.31)
2012-13 3,132 (23.04)
2013-14 2220 (49.32)
2014-15 1,877 (15.45)
Total 32,987
* As on 31st March, 2015
MEMBERSHIP / CFPCM PROFESSIONAL STATISTICS
55%
23%
11%
5%6%
0-5 Years
6-10 Years
11-15 Years
16-20 Years
20+ Years
Experience Profile of CFPCM Certificants
0500
100015002000250030003500400045005000
Series1
Growth of Student Enrolment
0
1000
2000
3000
4000
5000
6000
Series1 Series2
Year wise Trend of Candidates Passed vs. Eligible for Certification
FPSB INDIA ANNUAL REPORT 2014-2015| 7
MEMBERSHIP / CFPCM PROFESSIONAL STATISTICS
Profile of Enrollments in the last three years
PeriodRegular Pathway
Challenge Status Pathway
Total EnrollmentsEducation Partner mode
Self Study mode Total
2013-14 1456 (-32.75%) 764 (-20.99%) 2220 (-29.12%) 289 (-37.17%) 2509 (-30.15%)
2012-13 2165 (-31%) 967 (6%) 3132 (-23%) 460 (-28%) 3592 (-24%)
2011-12 3156 914 4070 641 4711
Percentage of Enrollments – Pathways and Modes – in the last two years
PeriodRegular Pathway
Challenge Status Pathway
Total EnrollmentsEducation Partner mode
Self Study mode Total
2014-15 56% 35% 91% 9% 100%
2013-14 58% 30% 88% 12% 100%
2012-13 61% 26% 87% 13% 100%
2011-12 67% 19% 86% 14% 100%
Year Education Partner mode Self Study mode Challenge Status Pathway2014-15 44% 43% 31%
2013-14 43% 48% 41%
2012-13 40% 46% 33%
2011-12 41% 44% 48%
Pass Percentage across Pathways and Modes
Total Enrollments in the Year 2014-15 and Growth over previous year
PeriodRegular Pathway
Challenge Status Pathway
Total EnrollmentsEducation Partner mode
Self Study mode Total
Apr 2014 – Mar 2015 1156 (-20.60%) 721(-5.63%) 1877 (-15.45%) 171 (-40.83%) 2048 (-18.37%)
Apr 2013 – Mar 2014 1456 764 2220 289 2509
Figures in Bracket represent Percentage change in 2014-15 versus 2013-14
Figures in Bracket represent Percentage change over the previous year
FPSB INDIA ANNUAL REPORT 2014-2015| 8
CFPCM certificantsIndependent Practitioners
(I)Corporate Executives
(C)Others (O) Total Eligible
Spl. Case#
Not* EligibleGrand Total
Grandfatherees (GF) 6 (GFI) 80 (GFC) 6 (GFO) 92 1 15 107
Education Provider (EP) 23 (EPI) 23 (EPC) 7 (EPO) 53 1 3 56
Challenge Status (CS) -- -- -- -- -- -- --
Total 29 103 13 145 2 18 163
Details of CFPCM certificants’ statistics: 31st March, 2006
CFPCM certificantsIndependent Practitioners
(I)Corporate Executives
(C)Others (O) Total Eligible
Spl. Case#
Not* EligibleGrand Total
Grandfatherees (GF) 6 (GFI) 62 (GFC) 6 (GFO) 74 1 33 107
Education Provider (EP) 53 (EPI) 83 (EPC) 18 (EPO) 154 1 10 164
Challenge Status (CS) -- 11 (CSC) -- 11 -- -- 11
Total 59 156 24 239 2 43 282
Details of CFPCM certificants’ statistics: 31st March, 2007
MEMBERSHIP / CFPCM PROFESSIONAL STATISTICS
CFPCM certificantsIndependent Practitioners
(I)Corporate Executives
(C)Others (O) Total Eligible
Spl. Case#
Not* EligibleGrand Total
Grandfatherees (GF) 6 (GFI) 62 (GFC) 6 (GFO) 74 1 33 107
Education Provider (EP) 93 (EPI) 143 (EPC) 26 (EPO) 262 3 77 339
Challenge Status (CS) 4 (CSI) 24 (CSC) 1 (CSO) 29 1 0 29
Total 103 229 33 365 5 110 475
Details of CFPCM certificants’ statistics: 31st March, 2008
CFPCM certificantsIndependent Practitioners
(I)Corporate Executives
(C)Others (O) Total Eligible
Spl. Case#
Not* EligibleGrand Total
Grandfatherees (GF) 8 (GFI) 66 (GFC) 8 (GFO) 82 1 -- 82
Education Provider (EP) -- -- -- -- -- -- --
Challenge Status (CS) -- -- -- -- -- -- --
Total 8 66 8 82 1 -- 82
Details of CFPCM certificants’ statistics: 31st March, 2004
CFPCM certificantsIndependent Practitioners
(I)Corporate Executives
(C)Others (O) Total Eligible
Spl. Case#
Not* EligibleGrand Total
Grandfatherees (GF) 9 (GFI) 85 (GFC) 8 (GFO) 102 1 -- 102
Education Provider (EP) 19 (EPI) 5 (EPC) 2 (EPO) 26 -- 1 27
Challenge Status (CS) -- -- -- -- -- -- --
Total 28 90 10 128 1 1 129
Details of CFPCM certificants’ statistics: 31st March, 2005
CFPCM certificantsIndependent Practitioners
(I)Corporate Executives
(C)Others (O) Total Eligible
Spl. Case#
Not* EligibleGrand Total
Grandfatherees (GF) 8 (GFI) 24 (GFC) 7 (GFO) 39 1 -- 39
Education Provider (EP) -- -- -- -- -- -- --
Challenge Status (CS) -- -- -- -- -- -- --
Total 8 24 7 39 1 -- 39
Details of CFPCM certificants’ statistics: 31st March, 2003
Statistics of CFPCM certificants:
FPSB INDIA ANNUAL REPORT 2014-2015| 9
MEMBERSHIP / CFPCM PROFESSIONAL STATISTICS
Details of CFPCM certificants’ statistics: 31st March, 2009
CFPCM certificantsIndependent Practitioners
(I)
Corporate Executives
(C)Others (O) Total Eligible
Fees Paid
Fees Not Paid
Spl. Case#
Not* EligibleGrand Total
Grandfatherees (GF) 5 (GFI) 58 (GFC) 7 (GFO) 70 55 15 1 37 107
Education Provider (EP) 131 (EPI) 401 (EPC) 51(EPO) 583 453 130 3 303 886
Challenge Status (CS) 10 (CSI) 118 (CSC) 7 (CSO) 135 87 48 4 1 136
Total 146 577 65 788 595 193 8 341 1129
Details of CFPCM certificants’ statistics: 31st March, 2010
CFPCM certificantsIndependent Practitioners
(I)
Corporate Executives
(C)Others (O) Total Eligible
Fees Paid
Fees Not Paid
Spl. Case#
Not* EligibleGrand Total
Grandfatherees (GF) 4 (GFI) 51 (GFC) 1(GFO) 56 55 1 51 51 107
Education Provider (EP) 282 (EPI) 586 (EPC) 10(EPO) 878 793 85 106 745 1,623
Challenge Status (CS) 28 (CSI) 263 (CSC) 1 (CSO) 292 201 91 18 19 311
Total 314 900 12 1,226 1,049 177 175 815 2,041
Details of CFPCM certificants’ statistics: 31st March, 2011
CFPCM certificantsIndependent Practitioners
(I)
Corporate Executives
(C)
Others (O)
Total Eligible
Fees for FY 2010 - 11Fees Not Paid
Not Eligible due to
Total Not
Eligible
Grand TotalRecd.
Before31st Mar
10
Recd.After
31st Mar 10
TotalNon-
PaymentIncomplete Documents
Grandfatherees (GF) 4 (GFI) 51 (GFC) 1 (GFO) 56 31 21 52 4 51 0 51 107
Education Provider (EP) 338 (EPI) 812(EPC) 55(EPO) 1205 58 977 1,035 170 156 927 1083 2,288
Challenge Status (CS) 58 (CSI)398
(CSC)3 (CSO) 459 13 309 322 137 66 3 69 528
Total 400 1,261 59 1,720 102 1,307 1,409 311 273 930 1203 2,923
Details of CFPCM certificants’ statistics: 31st March, 2012
CFPCM certificantsIndependent Practitioners
(I)
Corporate Executives
(C)
Others (O)
Total Eligible
Fees Received forFY 2011-12
Fees Not Paid
Not Eligible due to
Total Not
Eligible
Grand TotalRecd.
Before31st Mar
11
Recd.After
31st Mar 11
TotalNon-
PaymentIncomplete Documents
Grandfatherees (GF) 4 (GFI) 48 (GFC) 1 (GFO) 53 9 37 46 7 54 0 54 107
Education Provider (EP) 421 (EPI)858 (EPC)
114 (EPO)
1393 0 1177 1177 216 264 1131 1395 2788
Challenge Status (CS) 79 (CSI)495
(CSC) 2
(CSO)576 0 404 404 172 147 2 149 725
Total 504 1401 117 2022 9 1618 1627 395 465 1133 1598 3620
FPSB INDIA ANNUAL REPORT 2014-2015| 10
MEMBERSHIP / CFPCM PROFESSIONAL STATISTICS
*Not Eligible Candidates are those who have passed all the exams and are either in the process of complying with documentation to assess their fitness or not meeting Fitness criteria such as adequate prescribed Experience, etc. The category also includes earlier certified individuals who have not paid fees for one or more previous years and need to be recertified.
Details of CFPCM Certificants’ statistics: As on 31th March 2013
CFPCM certificantsIndependent Practitioners
(I)
Corporate Executives
(C)
Others (O)
Total Eligible
Fees Received forFY 2013-14
Fees Not Paid
Not Eligible due to
Total Not
Eligible
Grand TotalBefore
31-Mar '12
After 31-Mar
'12Total
Non-Payment
Incomplete Documents
Grandfatherees (GF) 4 (GFI) 44 (GFC) 1 (GFO) 49 9 36 45 4 58 0 58 107
Education Provider (EP) 452 (EPI) 834 (EPC)143
(EPO)1429 0 1254 1254 175 385 1372 1757 3186
Challenge Status (CS) 91 (CSI)492
(CSC) 2 (CSO) 585 0 436 436 149 275 2 277 862
Total 547 1370 146 2063 9 1726 1735 328 718 1374 2092 4155
Details of CFPCM Certificants’ statistics: As on 31st March 2014
CFPCM certificantsIndependent Practitioners
(I)
Corporate Executives
(C)
Others (O)
Total Eligible
Fees Received forFY 2013-14
Fees Not Paid
Not Eligible due to
Total Not
Eligible
Grand TotalBefore
31-Mar '13
After 31-Mar
'13Total
Non-Payment
Incomplete Documents
Grandfatherees (GF) 4 (GFI) 41 (GFC) 0 (GFO) 45 10 30 40 5 61 0 61 106
Education Provider (EP) 461 (EPI) 840 (EPC) 176 (EPO)
1477 66 1240 1306 171 521 1473 1994 3471
Challenge Status (CS) 90 (CSI)508
(CSC) 2 (CSO) 600 15 488 503 97 388 2 390 990
Total 555 1389 178 2122 91 1758 1849 273 970 1475 2445 4567
Details of CFPCM Certificants’ statistics: As on As on 31st March, 2015
CFPCM certificantsIndependent Practitioners
(I)
Corporate Executives
(C)Others (O)
Total Eligible
Fees Received forFY 2014-15
Fees Not Paid
Not Eligible due to
Total Not
Eligible
Grand TotalBefore
31-Mar '14
After 31-Mar
'14Total
Non-Payment
Incomplete Documents
Grandfatherees (GF) 4 (GFI) 38 (GFC) 0 (GFO) 42 6 29 35 7 64 0 64 106
Education Provider (EP) 476 (EPI) 841 (EPC) 215 (EPO) 1532 40 1224 1264 268 609 1636 2245 3777
Challenge Status (CS) 98 (CSI) 527 (CSC) 7 (CSO) 632 2 502 504 128 431 2 433 1065
Total 578 1406 222 2206 48 1755 1803 403 1104 1638 2742 4948
FPSB INDIA ANNUAL REPORT 2014-2015| 11
1. Information on Examinations administered during FY 2014-2015*.
Exam typeNumber of students enrolled in
education coursesTotal number of exam
takersPass rate Date(s) of exam
Serial Exam leading to CFP Certification (Exam 1-4)
1877 4979 43.58% Daily Basis
CFP Certification Exam(Exam 5/Challenge Status)
171 903 40.53% Daily Basis
Examination Statistics - (2008 - 09)Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 3,644 1,455 2,189 39.93
Exam 2 - Retirement Planning & Employee Benefits 2,789 1,287 1,502 46.15
Exam 3 - Investment Planning 2,951 1,181 1,770 40.02
Exam 4 - Tax & Estate Planning 1,990 879 1,111 44.17
Total 11,374 4,802 6,572 42.22
Examination Statistics - (2009 - 10)Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 2,281 1,165 1,116 51.07
Exam 2 - Retirement Planning & Employee Benefits 2,355 1,280 1,075 54.35
Exam 3 - Investment Planning 1,962 1,059 903 53.98
Exam 4 - Tax & Estate Planning 1,749 952 797 54.43
Total 8,347 4,456 3,891 53.38
Examination Statistics - (2010 - 11)Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 2,229 1,116 1,113 50.07%
Exam 2 - Retirement Planning & Employee Benefits 2,257 1,051 1,206 46.56%
Exam 3 - Investment Planning 1,855 959 896 51.70%
Exam 4 - Tax & Estate Planning 1,839 855 984 46.49%
Total 8,180 3,981 4,199 48.67%
Examination Statistics (Exam 1-4)
EXAMINATION 2
* As on 31st March, 2015
Examination Statistics - (2011 - 12)Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 2192 987 1205 45.03%
Exam 2 - Retirement Planning & Employee Benefits 2332 1033 1299 44.30%
Exam 3 - Investment Planning 1731 866 865 50.03%
Exam 4 - Tax & Estate Planning 1978 768 1210 38.83%
Total 8233 3654 4579 44.38%
FPSB INDIA ANNUAL REPORT 2014-2015| 12
Examination Statistics - ( 2012-13)Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 2130 881 1249 41.36%
Exam 2 - Retirement Planning & Employee Benefits 2041 866 1175 42.63%
Exam 3 - Investment Planning 1648 767 881 46.54%
Exam 4 - Tax & Estate Planning 1836 675 1161 36.76%
Total 7655 3189 4466 41.66%
Examination Statistics - ( 2013-14)Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 1289 403 886 31.26%
Exam 2 - Retirement Planning & Employee Benefits 1315 355 960 27.00%
Exam 3 - Investment Planning 892 445 447 49.89%
Exam 4 - Tax & Estate Planning 991 381 610 38.45%
Total 4487 1584 2903 35.30%
Examination Statistics - ( 2014-15)Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 1420 598 822 42.11%
Exam 2 - Retirement Planning & Employee Benefits 1414 549 865 38.83%
Exam 3 - Investment Planning 1085 591 494 54.47%
Exam 4 - Tax & Estate Planning 1060 432 628 40.75%
Total 4979 2170 2809 43.58%
* As on 31st March, 2015
EXAMINATION
Month wise breakup of Examination Statistics for the year 2014-15
Examination Statistics - October 2014Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 136 61 75 44.85%
Exam 2 - Retirement Planning & Employee Benefits 129 52 77 40.31%
Exam 3 - Investment Planning 103 48 55 46.60%
Exam 4 - Tax & Estate Planning 96 32 64 33.33%
Total 464 193 271 41.59%
Examination Statistics - November 2014Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 119 55 64 46.22%
Exam 2 - Retirement Planning & Employee Benefits 143 53 90 37.06%
Exam 3 - Investment Planning 128 73 55 57.03%
Exam 4 - Tax & Estate Planning 126 47 79 37.30%
Total 516 228 288 44.19%
FPSB INDIA ANNUAL REPORT 2014-2015| 13
Examination Statistics - December 2014Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 130 54 76 41.53%
Exam 2 - Retirement Planning & Employee Benefits 124 49 75 39.51%
Exam 3 - Investment Planning 106 60 46 56.60%
Exam 4 - Tax & Estate Planning 117 50 67 42.73%
Total 477 213 264 44.65%
Examination Statistics - January 2015Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 137 63 74 45.99%
Exam 2 - Retirement Planning & Employee Benefits 135 47 88 34.81%
Exam 3 - Investment Planning 72 42 30 58.33%
Exam 4 - Tax & Estate Planning 116 43 73 37.07%
Total 460 195 265 42.39%
Examination Statistics - February 2015Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 77 35 42 45.45%
Exam 2 - Retirement Planning & Employee Benefits 100 42 58 42.00%
Exam 3 - Investment Planning 66 40 26 60.61%
Exam 4 - Tax & Estate Planning 67 33 34 49.25%
Total 310 150 160 48.39%
Examination Statistics - March 2015Name of Exam Appeared Passed Failed Pass%
Exam 1 - Risk Analysis and Insurance Planning 117 48 69 41.03%
Exam 2 - Retirement Planning & Employee Benefits 85 33 52 38.82%
Exam 3 - Investment Planning 70 36 34 51.43%
Exam 4 - Tax & Estate Planning 60 17 43 28.33%
Total 332 134 198 40.36%
EXAMINATION
Examination Statistics (Exam 5 / Challenge Status Exam)
CFPCM certification Exam 5 & CSP Examination Statistics 2012-13
Particulars Appeared Passed Failed Pass %
Total 1315 521 794 39.62%
CFPCM certification Exam 5 & CSP Examination Statistics 2013-14
Particulars Appeared Passed Failed Pass %
Total 985 429 556 43.55%
CFPCM certification Exam 5 & CSP Examination Statistics 2014-15
Particulars Appeared Passed Failed Pass %
Total 903 366 537 40.53%
* As on 31st March, 2015
FPSB INDIA ANNUAL REPORT 2014-2015| 14
Month wise breakup of Exam 5 & CSP Statistics for the year 2014 - 15
EXAMINATION
September - 14
Pathway Appeared Passed Failed Pass %
Regular 45 18 27 40.00%
Challenge Status 14 6 8 42.86%
Total 59 24 35 40.68%
October -14
Pathway Appeared Passed Failed Pass %
Regular 113 46 67 40.71%
Challenge Status 21 7 14 33.33%
Total 134 53 81 39.55%
November -14
Pathway Appeared Passed Failed Pass %
Regular 48 31 17 64.58
Challenge Status 22 8 14 36.36
Total 70 39 31 55.71
January -15
Pathway Appeared Passed Failed Pass %
Regular 113 51 62 45.13%
Challenge Status 31 13 18 41.94%
Total 144 64 80 44.44%
February -15
Pathway Appeared Passed Failed Pass %
Regular 43 19 24 44.19
Challenge Status 15 3 12 20.00
Total 58 22 36 37.93%
March -15
Pathway Appeared Passed Failed Pass %
Regular 47 23 24 48.94%
Challenge Status 6 1 5 16.67%
Total 53 24 29 45.28%
December-14
Pathway Appeared Passed Failed Pass %
Regular 59 21 38 35.59%
Challenge Status 18 6 12 33.33%
Total 77 27 50 35.06%
FPSB INDIA ANNUAL REPORT 2014-2015| 15
AREA-WISE DISTRIBUTION OF CFPCM PROFESSIONS ELIGIBLE FOR CERTIFICATION3
Sr. no. Region Total % to Total Certificants
1 East 118 7%
2 North 348 19%
3 South 392 22%
4 West 945 52%
Total 1803 100%
Region-Wise
Sr. no. City Total % to Total Certificants
1 Mumbai 632 35%
2 Delhi 145 8%
3 Bengaluru 146 8%
4 Pune 95 5%
5 Chennai 100 6%
6 Kolkata 76 4%
7 Ahmedabad 72 4%
8 Hyderabad 61 3%
Total top 8 cities 1327 74%
Other Cities 476 26%
Total Eligible Certificants 1803 100%
City-Wise
FPSB INDIA ANNUAL REPORT 2014-2015| 16
AREA-WISE DISTRIBUTION OF ELIGIBLE CFPCM CERTIFICANTS
Sr. no. City Total Certificants % to Total Certificants
1 Andhra Pradesh 77 4%
2 Assam 11 1%
3 Bihar 4 --
4 Chandigarh 8 --
5 Chhattisgarh 3 --
6 Delhi 146 8%
7 Goa 12 1%
8 Gujarat 144 8%
9 Haryana 43 2%
10 Himachal Pradesh 2 --
11 Jammu and Kashmir 2 --
12 Jharkhand 8 --
13 Karnataka 161 9%
14 Kerala 29 2%
15 Madhya Pradesh 28 2%
16 Maharashtra 789 44%
17 Manipur 1 --
18 Orissa 6 --
19 Pondicherry 2 --
20 Punjab 20 1%
21 Rajasthan 31 2%
22 Tamil Nadu 123 7%
23 Uttar Pradesh 65 4%
24 Uttarakhand 3 --
25 West Bengal 85 5%
26 West Bengal 82 5%
Grand Total 1803
State-Wise
FPSB INDIA ANNUAL REPORT 2014-2015| 17
CHARTER MEMBER-WISE NUMBERS OF CFPCM CERTIFICANTS 4
Sr. No. Charter Members
Challenge Status Pathway
Regular Pathway
Total
2013-14 2014-15 2013-14 2014-15
2013-14 2014-15As on Mar 31, 2014
As on Mar 31, 2015
As on Mar 31, 2014
As on Mar 31, 2015
1 Aditya Birla Money Mart Limited 1 4 1 2 2 6
2 ASK Wealth Advisors Private Limited 0 0 4 1 4 1
3 Axis Bank Limited 6 6 8 10 14 16
4 Bajaj Capital Limited 0 2 6 4 6 6
5 Barclays Bank PLC 0 0 0 0 0 0
6 Birla Sun Life Insurance Company Limited 1 1 10 7 11 8
7 BNP Paribas Investments Services (I) P. Ltd. 3 3 0 1 3 4
8 Citibank N.A 8 3 0 1 8 4
9 Destimoney Securities Private Limited 1 0 0 0 1 0
10 Deutsche Bank AG 1 1 2 2 3 3
11 Dewan Housing Finance Corporation Ltd 0 0 0 0 0 0
12 Dhanlaxmi Bank Limited 0 1 0 1 0 2
13 Dynamic Equities Private Limited 0 0 0 3 0 3
14 Edelweiss Financial Services Limited 0 1 1 1 1 2
15 Franklin Templeton Asset Management (India) Private Limited 3 2 0 0 3 2
16 Geojit BNP Paribas Financial Services Limited 1 3 3 5 4 8
17 HDFC Asset Management Company Limited 5 5 6 5 11 10
18 HSBC Limited 0 2 2 1 2 3
19 ICICI Bank Limited 16 18 4 2 20 20
20 ICICI Prudential Asset Management Company Limited 0 1 4 3 4 4
21 ICICI Prudential Life Insurance Company Limited 5 4 6 5 11 9
22 ICICI Securities Limited 22 17 9 11 31 28
23 IFAN Finserv Private Limited 0 0 0 0 0 0
24 Karvy Stock Broking Limited 2 3 1 2 3 5
25 Kotak Mahindra Bank Limited 7 4 5 5 12 9
FPSB INDIA ANNUAL REPORT 2014-2015| 18
CHARTER MEMBER-WISE NUMBERS OF CFPCM CERTIFICANTS
Sr. No. Charter Members
Challenge Status Pathway
Regular Pathway
Total
2013-14 2014-15 2013-14 2014-15
2013-14 2014-15As on Mar 31, 2014
As on Mar 31, 2015
As on Mar 31, 2014
As on Mar 31, 2015
26 L&T General Insurance Company Limited 0 0 0 0 0 0
27 L&T Mutual Fund 0 1 0 0 0 1
28 Life Insurance Corporation of India 7 7 33 22 40 29
29 Motilal Oswal Securities Limited 6 6 1 3 7 9
30 Networth Stock Broking Limited 0 0 0 1 0 1
31 Padmakshi Financial Services Limited 0 0 0 0 0 0
32 PNB Metlife Insurance Company Limited 1 2 0 0 1 2
33 Principal PNB Assets Management Company Private Limited 0 0 1 1 1 1
34 Reliance Capital Asset Management Limited 5 6 0 1 5 7
35 Reliance Life Insurance Company Limited 3 2 2 3 5 5
36 Reliance Securities Limited 3 5 0 0 3 5
37 Religare Enterprises Limited 0 1 0 0 0 1
38 SBI Funds Management Private Limited 5 5 5 6 10 11
39 SBI Life Insurance Company Limited 3 2 0 0 3 2
40 SKP Securities Limited 0 0 0 0 0 0
41 Standard Chartered Bank 1 3 1 0 2 3
42 State Bank of India 44 41 27 21 71 62
43 TATA AIA Life Insurance Company Limited 1 1 10 9 11 10
44 TATA Asset Management Limited 2 2 0 1 2 3
45 UTI AMC Limited 14 12 13 12 27 24
46 World Gold Council 0 0 0 0 0 0
47 UTI AMC Limited 177 177 165 152 342 329
48 World Gold Council 0 0 0 0 0 0
Grand Total 177 161 165 148 342 309
FPSB INDIA ANNUAL REPORT 2014-2015| 19
EDUCATION PARTNERS5S.No. EP Name Contact Person Designation Address Contact No Email ID
1ACE School for Professional Studies
Ms. Charu KaushikVP(Trainings and content),
26/32, Pal Mohan Sadan,East Patel Nagar, Delhi-110008
+91-11-45050202, +91-9560400711
2 Ambition Learning Solutions Mr. Vishal Gada Director
53, Ashawadi, S.V. Road, Opp. Shopper's Stop, Behind Yashwant Nagar, Andheri West, Mumbai 400058
+91-9930805522, +91-22-26244248
3Anagram Knowledge Academy Ltd.
Mr. Prashant V Shah Jr. Knowledge Officer
Anagram Knowledge Academy LTD. 3rd Floor, Hertage Square, Opp. Atlanta Tower, Gulbai Tekra, Ahmedabad – 380015
4 Arihant Institute Pvt.Ltd Mr. Ajay SevakHead - Business Development
3rd Floor, "Swapnil" Bldg. Nr. Navrangpura cross Road, Navrangpura, Ahmedabad - 380 009
+91-79-26460870,+91-9825078724
5BLB Institute of Financial Markets (BIFM)
Mr. G.C. Sharma DirectorGulab Bhawan, 4th Floor, 6, Bahadur Shah Zafar Marg, New Delhi-2
+91-11-43702201/202 [email protected]
6Financial Planning Academy (FPA)
Mr. Ninad M MondkarChief Learning Officer
1st Floor, Doulatram Mansion, Kitridge Road, Colaba, Mumbai - 400005
+91-22-22797404, +91-9322637748
7 Finstitute Ms. Urvi Prajapati Coodinator
B/201 Hemu Classic Shopping Centre, Opp. New Era, S.V.Road,Malad-West, Mumbai-400064
+91-22- 2888796466930993, +91-9321106767
8Gurukulonline Learning Solutions
Mr. Manish Jain Vice President
Shree Krishna niwas, 3rd floor, Shraddhanand Road Extn, Vile Parle (E), Mumbai - 400 057
+91-22-26141111, +91-9322198917
9 IIFP Mr. NiamatullahProgramme Director
2E/8, 2nd Floor, Jhandewalan Ext., New Delhi - 110055
+91-11-43166700, +91-9953755092
10IIJT-Indian Institute of Job Training
Mr. Shajan Samuel Divisional Head
Farha Tower, 1st Floor, adjacent to Barton centre, 83 Mg road, Bangalore: 560001
+91-9886727272 [email protected]
Education Partners: The following Education Partners have been authorized to provide CFPCM Certification Education Program in India.
FPSB INDIA ANNUAL REPORT 2014-2015| 20
EDUCATION
S.No. EP Name Contact Person Designation Address Contact No Email ID
11Indian School of Business & Finance
Head CFP AdmissionsRelationship Executive
15 A, Ring Road, Lajpat Nagar IV, New Delhi - 110024
+91-11-40430000 [email protected]
12International College of Financial Planning
Mr. Rajiv SethJoint Regional Sales Head
3rd Floor, Gulab Bhawan, Near Times of India, 6, Bahadur Shah Jafar Marg, New Delhi-01
+91-9910588001 [email protected]
13ITM Institute of Financial Markets
Ms. Sabyasachi Mukherjee
Asst. Prof. Finance
7th Floor, "B" Wing, BSEL Tech Park, Opp. Vashi Station, Navi Mumbai-400705
+91-9223313462, 022-27814772
14 Knowise Learning Academy Mr. Karthick C S
# 33, 2nd Floor, Prabhakar Reddy Complex, 6th C Main, HMT Layout, R T Nagar, Bangalore - 560032
+91-80-41726535, +91-9980166321
15L.J. Center for Professional Studies (LJBS)
Mr. Viral Shah Center HeadInfotower Ahmedabad-380015
+91-79-30120116/26742878
16Mandar Learning Academy Pvt Ltd
Mr. Suman Bhadra InchargeSuite #305 A, 10A Hospital Street, Kolkata-700072 (INDIA)
+91-33-22155590 [email protected]
17MT Educare Ltd.(A holding Company of Mahesh Tutorials)
Mr. Divyen Gada
Head–Financial Learning Programme& BDOM for MT UVA
220, 2nd floor, Neptune's "Flying Colours", Pandit Din Dayal Upadhay Marg, LBS cross road, Mulund(W), Mumbai - 400080
18 NJ Gurukul Pvt. Ltd. Mr. Ajay Jariwala
NJ Center 'B' Tower,801,Udhna Udyog Nagar Commercial Complex,Central Road No. 10,Udhna, Surat-394210
+91-9327022995 [email protected]
19Pune Institute of Business Management
Pune Institute Of Business Management
Survey No. 499, Near Manas Resort, Bhugaon, Tal - Mulashi, Paud, Pune- 411042
+91-9325666621, +91-20-67903100/103
20RNIS College of Financial Planning
Mr. H S Bansil PD
AISF Building, ADJ: Lady Sriram College, Amar Colony, Lajpat Nagar-IV, New Delhi
+91- 9818665534 [email protected]
21Sambodhi Research & Management Institute
Ms. Banani GangulySenior Counsellor - Admissions
B 23, Lajpat Nagar II, New Delhi - 110024
+91-11-49242400-99 [email protected]
22SBMJC - Center for Financial Planning & Management
Mr. Raghu G Anand Manager 1/1-1; Atria Towers Palace Road, Bangalore – 560 001
+91-80-22353216/[email protected]
23 Stratagem Financial School Ms.Tanvi AgarwalHead Operations
1. 201/A, Frontline Lake Shore Towers,Rajbhavan Road, Somajiguda, Hyderabad-500082
24The New Era Education Society
Ms. Srishti Sehgal 8th Floor, Ansal Classique Tower, Rajouri Garden, New Delhi- 110027
25Trinity Global Education Private Ltd
Mr. Anand KulkarniExecutive Director
Trinity House, Plot No.5/B, Qureshi Nagar, Kurla (East), Mumbai 400 070.
26Vantage Institute of Financial Markets
Mr.Rajesh Dedhia/Mr.Dipesh Rambhia
Director
413, 4th Floor, Bussa Industrial Estate, Hanuman Lane, off Ganpatrao Kadam Marg, Near Peninsula Corporate Park, Lower Parel(West), Mumbai 400013
+91-9819911914 / +91-22-66101186 / 66100748
FPSB INDIA ANNUAL REPORT 2014-2015| 21
CONTINUOUS EDUCATION6Continuous Education: FPSB India awarded CE points to the CFPCM certificants for the following:
Sr. No.
CE Category CE Program/ ActivityCE Points
(CEPs) Admissible
Validity of Program/ Activity
RemarksRelevant Documents
Admissible
1 Authorship
Authorship of Book on Finance or any component of Financial Planning*
15 OngoingBook to be completed in the validity period
Soft/Hard copy or link of book
Authorship of articles in Print/ Electronic Media/Financial Planning Journal
5 OngoingPublished date of the article to be in the validity period
Soft/Hard copy or link of article
Published interview in print media or interview/ panel discussion in electronic media
530-Jun-
12
Published date/ telecast date to be in the validity period
Soft/Hard copy or link of interview
Published quotes in print media or viewpoint/bite in electronic media (per article or appearance)
230-Jun-
12
Published date/ telecast date to be in the validity period
Soft/Hard copy or link of article
2 Qualification
Professional Courses and Certifications (Actuary, CA, CFA, CAIIB, JAIIB, ICWA, CS)
15 OngoingDate of completion to be in the validity period
Photocopy of passing certificate /degree
Higher Academic Qualifi-cations (Post Graduate or Doctorate in Finance, Economics, Econometrics, Mathematics/ Statistics, Law)
15 OngoingDate of completion to be in the validity period
Photocopy of passing certificate /degree
Licentiate/Associate/Fellowship of Life Insurance from Insurance Institute of India
10 OngoingDate of completion to be in the validity period
Photocopy of passing certificate /degree
MBA (Finance- Part Time) /(except Finance- Full Time)
10 OngoingDate of completion to be in the validity period
Photocopy of passing certificate /degree
3Certification/Courses
Mandatory Certifications (NISM-MF, IRDA) other relevant courses of NCFM, BSE, IIBF, NISM, etc.
230-Jun-
12
Date of completion to be in the validity period
Photocopy of passing certificate
Aspirational relevant courses of at least 1-year duration run by professional education entities
10 OngoingDate of completion to be in the validity period
Photocopy of passing certificate /degree
LOMA Certification 10 OngoingDate of completion to be in the validity period
Photocopy of passing certificate /degree
4Events/ Meetings
Events, Seminars, Round Table/Conference, Financial Planning Congress, etc. and Workshops organized and /or pre-approved by FPSB India or FPCIL
5 OngoingDate of event to be in the validity period
Participation Certificate/Attendance sheet and Event Agenda
Other events related to one of the Financial Planning components* or other relevant matters on Economy and Finance
230-Jun-
12Date of event to be in the validity period
Participation Certificate/Attendance sheet and Event Agenda
Financial Planning Association’s (FPA) Annual Convention in US
10 OngoingStarting Date of convention to be in the validity period
Participation Certificate/Attendance sheet and Event Agenda
Meetings of the Board of FPSB India and appointed Committees
3 OngoingDate of meeting to be in the validity period
Participation Certificate/Attendance sheet and Event Agenda
Board Meetings of entities in the BFSI sector 3 OngoingDate of meeting to be in the validity period
Participation Certificate/Attendance sheet and Event Agenda
FPSB INDIA ANNUAL REPORT 2014-2015| 22
Sr. No.
CE Category CE Program/ ActivityCE Points (CEPs) Ad-missible
Validity of Program/ Activity
RemarksRelevant Documents
Admissible
5 QuizQuiz in the Financial Planning Journal or solving queries in the Newspapers/other journals
4 30-Jun-12Month of Journal/ quiz to be in the validity period
Result Sheet
6 Teaching
Training and Teaching assignments other than performed/undertaken as part of profession (Workshops, Institutes, Classroom teaching, etc.) (Full day assignment)
5 30-Jun-12Sessions to be in the validity period.
Acknowledgment letter from the College/Institute mentioning the date, topic & number of hours of lecture/ training/workshop
7 SpeakershipSpeakership in a Seminar, Convention, Conference, etc.
5 30-Jun-12Date of event to be in the validity period
Acknowledgment letter from the College/ Institute mentioning the date, topic & number of hours of lecture/ training/ workshop
8Survey Re-sponse
Completion of FPSB India's Job Analysis Survey towards restructuring syllabus topic list for CFPCM Certification Program
3 30-Jun-12
Surveys will be intimated through e-mails, will also be on FPSB India's website for specified durations.
Online submission; shall be captured in the survey data (complete submission only considered)
9 Pro bono work
Pro bono work which can be classified as voluntary contribution to the community, helping the deprived people with transfer of knowledge culminating into construction of Financial Plan
5 Ongoing
The construction and submission of the Financial Plan has to be in the applicable period for the award of CEPs
Copy of the Financial Plan constructed for the household in case of Pro bono work
10 Others
Participation in TV Shows/interviews 3 30-Jun-12Date of Show to be in the validity period
Participation Certificate/At-tendance sheet & Event Agenda/ Event schedule
Answering questions/Queries in newspaper/magazines
3 30-Jun-12Date to be in the validity period
Participation Certificate/At-tendance sheet & Event Agenda/ Event schedule
* Components of Financial Planning: Financial Management, Asset Management, Risk Management or Insurance Planning, Tax Planning, Retirement Planning and Estate Planning
1 The requirement of acquiring 15 CE points (CEPs) is immediately after the issue of initial certification and falls due when the certificant renews his/her certification at annual intervals.
2 The CEPs are to be acquired in certification period and any excess points are not carried forward in the next certification period.
3 The failure to renew on due date apart from late renewal penalty entails requirement of earning extra CEPs only beyond 6 months of due date of renewal.
4 Failure to fulfill the Continuous Education criterion within the prescribed period will result in non-renewal of CFP Certification and will also preclude any use of the CFP marks by the certificant.
5 Unsupported, misstated or fraudulent reporting of CE credits shall be viewed seriously and may call for action by FPSB India and may be a ground for disciplinary action leading to revocation of the CFP Certification.
Important Points:
CONTINUOUS EDUCATION
FPSB INDIA ANNUAL REPORT 2014-2015| 23
Ethics/Practice Standards disciplinary cases Number of cases
Cases opened NIL
Cases concluded NIL
Number of public disciplines NIL
Number of unauthorized use/misuse of the marks cases processed during the quarter.
Marks disciplinary cases Number of cases
Unauthorized Use *
Cases opened -
Cases concluded -
Misuse **
Cases Opened -
Cases Concluded -
* Unauthorized use cases = Individuals/entities use the Marks without being licensed to do so.
** Misuse cases = Properly licensed individuals/entities use the Marks in a manner which does not comply with FPSB guidelines/trademark law.
ETHICS AND DISCIPLINE / PRACTICE STANDARDS
MARKS PROMOTION/PROTECTION
7
8
FPSB INDIA ANNUAL REPORT 2014-2015| 24
S. No. Issue Title Cover Story
1 November - December 2013 Emergence of Registered Investment Advisers
2 December 2013 - January 2014 The Changing Face of Real Estate
3 February-March 2014 Insurance Brokers - An Essential Link In Insurance Distribution
4 April-May 2014 All about Crowdfunding
5 June-July 2014 The Credit Score Conundrum
6 August-September 2014 Real Estate Investment Trusts – An Emerging Asset Class
7 October-November 2014 The rise of automated advisory
8 December 2014 - January 2015Couples and Money Management - Engaging both partners for comprehensive advisories
CURRENT / UPCOMING EVENTS AND PUBLICATION9
List of current/upcoming events for inclusion on FPSB India’s website that will be of interest to FPSB Indias stakeholders
Alexa.com Ranking of FPSB India’s website
The ranking of FPSB India’s website www.fpsbindia.org improved drastically to around 10,000 in the run up to March, 2010 from 73,530 as in November, 2009. The ranking is in terms of traffic of visitors on our website and is confined to within the Indian territory.
Date Alexa India Rank
12-Nov-2009 73,530
31-Mar-2010 10,689
31-Mar-2011 35,267
31-Mar-2012 46,782
31-Mar-2014 42,963
31-Mar-2015 71,387
Sr. No. From Date To DateNo. of Days
Workshop Theme Venue SpeakersTotal
ParticipantCategory
1 26-Apr-14 27-Apr-14 2
Tax Planning For Non Residents/HUFs, Issues and Tax Planning of Trusts and Capital Gains on Real Estate
Delhi Mr. A K Sehgal 17 Workshop
2 12-May-14 12-May-14 1Seminar for CFP Certification Awareness at FPSBI Mumbai Office
Mumbai Mr. Ravi Arora 9
Seminar on CFP Certification Awareness
3 26-Aug-14 26-Aug-14 1Seminar for CFP Certification Awareness- Toolani College
MumbaiMr. Ravi Arora, Ms Vrinda and Mr. Yogesh Gupta
131
Seminar on CFP Certification Awareness
4 22-Nov-14 22-Nov-14 1Behavioural Finance- How does it impact the Financial Decision Making?"
Delhi Dr. Vinod Kumar 14 Workshop
5 10-Jan-15 10-Jan-15 1Debt Investments - An important Asset Class for every Portfolio
Delhi Prof. Rishi Mehra 20 Workshop
6 31-Jan-15 31-Jan-15 1Workshop on Succession Planning- Practical Aspects
Mumbai Arvind A. Rao 11 Workshop
7 20-Feb-15 21-Feb-15 2 Faculty Development Program MumbaiPushkar Chugh, Rachana Purohit Khale
4FDP for New Resource Persons
8 26-Feb-15 26-Feb-15 1Seminar for CFP Certification Awareness- VPM College
MumbaiMr. Ravi Arora and Mr. Sachin Walavalkar
200+
Seminar on CFP CertificationAwareness
9 21-Mar-15 21-Mar-15 1 Role of Equity Investments DelhiMr. Ram Kumar Gupta
22 Workshop
FPSB INDIA ANNUAL REPORT 2014-2015| 25
The updated list of FPSB India’s Board of Directors is given below:
LIST OF BOARD OF DIRECTORS10S.No Name Designation Company
1 Justice (Retd.) Shri B.N.Srikrishna Chairman
Former Judge,Supreme Court of India and Former Chairman, Financial Sector Legislative Reforms Commission (FSLRC)
2 Mr. Ranjeet S Mudholkar, CFPCM Vice Chairman and Chief Executive Officer
Vice Chairman & Chief Executive OfficerFPSB India
3 Mr. Cyril Shroff DirectorManaging Partner,Amarchand & Mangaldas & Suresh A Shroff & Co.
4 Mr. Dinesh Khara DirectorManaging Director & Chief Executive Officer,SBI Funds Management Pvt. Ltd.
5 Ms. Monika Halan, CFPCM DirectorEditor-Mint Money,HT Media Ltd.
6 Mr. N Sivaraman DirectorPresident & Whole Time Director,L&T Finance Holdings Ltd.
7 Mr. P. Vijaya Bhaskar DirectorExecutive Director,Reserve Bank of India (RBI)
8 Mr. Pankaj Mathpal, CFPCM DirectorManaging Director & Chief Executive Officer,Optima Money Managers Pvt. Ltd.
9 Mr. Sachindra Nath DirectorGroup Chief Executive Officer,Religare Enterprises Ltd.
10 Mr. Suresh Mahalingam DirectorMember,Group Management Centre,Rajesh Wadhawan Group (Holding entity of DHFL)
FPSB INDIA ANNUAL REPORT 2014-2015| 26
The updated list of Charter Members of FPSB India is given below:
LIST OF CHARTER MEMBERS OF FPSB INDIA11
S.No. Company Representative Designation
1 Aditya Birla Money Mart Limited Mr. Pankaj Razdan Deputy CEO - Financial Services
2 ASK Wealth Advisors Private Limited Mr. Rajesh Saluja CEO & Managing Partner
3 Axis Bank Limited Mr. Satheesh Krishnamurthy SVP & Head - Affluent Business
4 Bajaj Capital Limited Mr. Rajiv Deep Bajaj Vice Chairman & Managing Director
5 Barclays Bank PLC Mr. Satya Narayan Bansal CEO - Barclays Wealth
6 Birla Sun Life Insurance Company Limited Mr. Ajay Srinivasan Chief Executive Financial Services
7 BNP Paribas Investments Services (I) P. Ltd. Mr. Samir Bimal Managing Director & CEO
8 Citibank N.A Ms. Jaya Singh Investment Product Head
9 Deutsche Bank AG Mr. Atin Kumar Saha Managing Director / Head, Western region
10 Dewan Housing Finance Corporation Ltd Mr. Suresh Mahalingam Member-Group Management Centre
11 Dynamic Equities Private Limited Mr. Shailesh Saraf Managing Director
12 Edelweiss Financial Services Limited Mr. Vikass M Sachdeva Chief Executive Officer
13 Franklin Templeton Asset Management (India) Private Limited Mr. Vivek Kudva MD India & CEEMEA
14 Geojit BNP Paribas Financial Services Limited Mr. C.J. George Managing Director
15 HDFC Asset Management Company Limited Mr. Milind Barve Managing Director & CEO
16 HSBC Limited Mr. Gautam Kalia Vice President – Investments
17 ICICI Bank Limited Dr. G Ramachandran Head Global Research Group
18 ICICI Prudential Asset Management Company Limited Mr. Nimesh Shah Managing Director
19 ICICI Prudential Life Insurance Company Limited Mr. Puneet Nanda Executive Director
20 ICICI Securities Limited Mr. Anup Bagchi Managing Director & CEO
21 IFAN Finserv Private Limited Mr. Rajan Pathak President & Head of Business
22 Karvy Stock Broking Limited Mr. Hrishikesh Parandekar CEO and Group Head - Broking, Wealth Management and Asset Management
23 Kotak Mahindra Bank Limited Mr. C. Jayaram Joint Managing Director
24 L&T Finance Holdings Ltd Mr. N Sivaraman President & Whole Time Director
25 L&T Mutual Fund Mr. Kailash Kulkarni Chief Executive Officer
FPSB INDIA ANNUAL REPORT 2014-2015| 27
S.No. Company Representative Designation
LIST OF CHARTER MEMBERS OF FPSB INDIA
26 Life Insurance Corporation of India Mr. S.K. Roy Chairman
27 Motilal Oswal Securities Limited Mr. Ashish Somaiyaa Managing Director & CEO
28 Networth Stock Broking Limited Mr. S.P. Jain Chairman & Managing Director
29 Padmakshi Financial Services Limited Mr. Sean Kelleher / Mr. Rohit Chotani
Group Director
30 PNB Metlife Insurance Company Limited Mr. Tarun Chugh Managing Director
31 Principal Pnb Assets Manage-ment Company Private Limited Mr. Rajan Ghotgalkar Managing Director & Country Head
32 Reliance Capital Asset Manage-ment Limited Mr. Sundeep Sikka President & CEO
33 Religare Enterprises Limited Mr. Sunil Godhwani Chairman & Managing Director
34 Reliance Life Insurance Compa-ny Limited Mr. Anup Rau Chief Executive Officer
35 Reliance Securities Limited Mr. Vikrant Gugnani Executive Director
36 SBI Funds Management Private Limited Mr. Dinesh Kumar Khara Managing Director
37 SBI Life Insurance Company Limited Mr. Arijit Basu Managing Director & CEO
38 SKP Securities Limited Mr. Naresh Pachisia Managing Director
39 Standard Chartered Bank Mr. Vishal Kapoor GM - Wealth Mgmt & PRB, India and South Asia
40 State Bank of India Mr. Ramesh Babu / Mr. Rabindra Kumar Mohanty
Chief General Manager (Associates & Subsidiar-ies) / Premier Banking Services, PBBU
41 TATA AIA Life Insurance Com-pany Limited Mr. S. Swaminathan Head of Legal and Compliance
42 TATA Asset Management Lim-ited Mr. Arvind Sethi Managing Director & CEO
43 UTI AMC Limited Mr. Debashish Mohanty Country Head – Retail Sales
44 World Gold Council Mr. Somasundaram PR Managing Director
FPSB INDIA ANNUAL REPORT 2014-2015| 28
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