Hey DIII,
You can do a lot of other amazing things in life than getting into a MiF just to prepare for an M7 in the future
If you are keen on getting into a GREAT MBA program, you can directly apply in 4 years from now. In the meanwhile, build a strong career path, travel, meet interesting people, gain international exposure, build a strong interest in extracurricular activities( if you do not have any yet), and enjoy your life. Think about it this way- You want to study for 1 to 2 years right now so that you profile can become more ACCEPTABLE for a TWO year long study in the future? Narenn is right in suggesting that you can leverage your CFA to crack a career in Finance right now.
It is very common for all of us in India to jump from one academic institution to another one, and study back to back. It will not have as much incremental value as you currently imagine.
You have a great GMAT Score, and I hope there is no burning desire to use it anywhere before the expiry date. My personal suggestion- Do not fall into this trap.
However, if you are not pursuing masters in finance to open the MBA gates, and have genuine handicaps that you want to work on, go for it. That should be the only reason to pursue this course.
Hope this helps!
Jatin