Pro Investing by Aditya Birla Sun Life Mutual Fund, Canara Robeco Equity Hybrid Fund Direct-Growth, Know your mutual fund adviser: Here's how you can judge a distributor or adviser, (Disclaimer: The opinions expressed in this column are that of the writer. In fact, I hardly posted anything in the first year. 1 crore, with over 1100 live SIPs at an average of over Rs.9000 per SIP. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Valueresearch offers lot of free tools for investors. His SIP book is the biggest in the state of Tamil Nadu. Users can access their older comments by logging into their accounts on Vuukle. I have clients with SIPs from a few hundred rupees to a few lakh a month, he says. His investments, which Venkatkrishnan has been managing, is now worth 27 lakh, she says with a wide smile. 1 crore in a B30 location, Pune MFD receives award from a journalist association for spreading investor awareness, Noida MFD writes a poem for women investors. Refine Your Search Results. When it comes to wealth management, we understand that every client is unique, each with their own set of aspirations and expectations. He says. Meeting clients is important for her, so armed with her laptop, she leaves home at 10 am daily. We encourage our clients to reflect on and articulate their vision, both personal and financial. (Check out wisewealthadvisors.com). Brainy smart activity gives decent returns. Are global firms taking Indian regulators for a ride? Ranjan Muthukrishnan may also have lived outside of Los Angeles, such as Berkeley. Investors give too much importance to the R factor. When Bengaluru-based couple Shyam and Priya Sunder decided to set up PeakAlpha Investment Services Pvt. He believes that to call SIPs a retail product is a misnomer wealthy clients need discipline in SIPs too. , , , . He joins a national list of less than 25 IFAs who have achieved a SIP book of this size. I look at financial goals and risk tolerance rather than age. With new investors he has this handy thumb rule. , , D. Muthukrishnan. Smart distributors have learnt to keep their costs low. Two years later, the NAV fell to 6. Amateur investor. Copyright 2022 HT Digital Streams Ltd All Right Reserved. If someone has posted a tweet, reply immediately. Ninety nine per cent of Rajaramans clients, mostly NRIs, give him their entire financial profile to work with their financial goals, cash flows, spending habits. An individual he personally knew, lost more than half of his wealth over the past few years trading in Futures and Options (F&O). D.Muthukrishnan (@dmuthuk) October 24, 2022 Sunak, a former chancellor of the Exchequer, is a practising Hindu and is known to celebrate the festival of lights. The credit for my successful Twitter account goes to https://wizugo.com/. What will they do with the extra income if the breadwinner gets a salary increment those sort of things. I frankly don't know how regulations will pan out in the coming years on revenue models. "This [Diwali] is very special for India's magnificent cricket victory and in all likelihood, Rishi Sunak, a person of Indian origin, a practising Hindu and our own Narayana Murthy's son-in-law, becoming prime minister of UK," Chennai resident D Muthukrishnan wrote on Twitter, referring to the founder of Indian software giant Infosys Ltd. . Download the Mint app and read premium stories. He eventually made a lot of money. . . We would also ensure that you remain less active. How will it impact insurance industry. I began thinking of different ways to connect with prospects and engage with prospects. Surprisingly getting into Twitter has increased my blog traffic by 4 times. Feeds. Insights on building wealth. I started getting 4-5 hits a day. Get your daily dose of business updates on WhatsApp. But once she is convinced and invests, typically she is a keeper, they say. The 42-year-old is also the first Indian-origin person to assume the office of the Prime Minister in Britain. 6 crores with a SIP book of Rs. I then started sharing interesting articles that I read on successful wealth creation strategies. , . One thing an investor needs to know he has to have a sound sleep once invested in a good fund and allow little time to grow, instead of keeping a watch eery time market corrects he should watch the funds performance only once in the market cyclic period ie every 5 years. I immediately thought about what personal finance advisor D Muthukrishnan recently shared. Followers: 479,876 Let us assume you instead stayed invested with Reliance NRI Equity for the last 10+ years. Save my name, email, and website in this browser for the next time I comment. In case you cant find any email from our side, please check the spam folder. Switching to best performing fund does not guarantee good returns. According to data by the Association of Mutual Funds of India (Amfi; the MF industrys trade body), there are about 75,000 distributors in the country, as on 31 March 2016. Good Take Aways! I have a glass door outside. ; . . Muthukrishnan said he counselled them for over two hours asking them to first reduce their debt substantially and then come back to him to move ahead with investments. He is famous on tweeter as Muthuk Sir. office. We are not against portfolio changes. Member FINRA & SIPC. , . Customers began trickling in, slowly but steadily. . . Out of 10 years, a fund would have 3 or 4 bad years. But universally, the higher your net worth, the more the number of facilities your distributor offers, especially if it is a bank. But in 2003, both GE Capital and HSBC India shifted their PF trusts to the PF commissioners trust, a central government fund manager. (Your legal guide on estate planning, inheritance, will and more.). We specialize in working with business owners, key executives and women investors. Looking forward to have more Such. But there are many more gems one of them is D.Muthukrishnan. Related To Subbaratnam Muthukrishnan, Aravind . Our endeavour will be to continue showcasing ideas and insights from successful practitioners that can help put your business onto a high growth path. , . Marketing Wiz, a joint initiative between Kotak MF and Wealth Forum, aims to provide you marketing insights that can help you win clients and boost growth. We did a lot of this ourselves also. Views are personal and are not recommendations. So, who is a retail customer? Your Reason has been Reported to the admin. D Muthukrishnan is Certified Financial Planner at Wise Wealth Advisors. We will focus on getting you from where you are to where you want to be while also understanding the importance of flexibility. One area where he scores is on providing qualitative advice and not selecting funds. Muthu has been periodically answering queries of the readers in a leading Personal Finance Magazine, Nanayam Vikatan. Why the ed-tech sector needs to explore capital sources beyond PE, VC, and institutional investors, After Adani stocks, Hindenburg may have crashed into Indias green hydrogen mission too. Even though he says he [] 1.77 crore, IIM Shillong appoints this MFD as the member of review committee, Meet this MFD family who built a monthly SIP book of over Rs. At WealthWise Financial Services we navigate economic and market risks through a tactical investment philosophy and construction of core and satellite portfolios. Venkatkrishnan, too, nudges her clients to enjoy their wealth. What I can't control, I don't want to worry too much about. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. SIPs ensure this, he asserts. @dmuthuk. As long as clients need you, there will always be a revenue model that can be worked out. D.Muthukrishnan ( Muthu) is the founder of Wise Wealth Advisors He is a Certified Financial PlannerCM (CFPCM) and Personal Financial Advisor. The typical retail investor rushes into equity funds in bull markets and abandons them when the tide turns. He has done live talk show in Sun News . He sent me a cheque, admitting that I had given him good advice.. Login to get instant access to this article and many other such articles on business We always stress on keeping things simple. With his many innate interests in investing and personal finance, he used to give financial pieces of advice to many colleagues. 'IFA SUCCESS MANTRA' by Mr. D Muthukrishnan, Founder, Wise Wealth Advisors, Chennai . We help our clients pursue their passions by taking the worry, fear, and concern out of wealth management and financial planning. Conviction is contagious. Muthu is quite sure that Direct Plans will disrupt traditional distribution models, and is prepared to take a cut in fees. We are very choosy about the fund houses we work with. Got me started on the PF journey. Required fields are marked *. Instead of only focusing on working hard, I began thinking of how I can work smartly. Radical change in strategy drove 15x growth in last 5 years, D. Muthukrishnan, Wise Wealth Advisors, Chennai. But it is equal or bigger than some midcap IT companies. But well do it only rarely, purely based on requirements. That came down to nil. However, as equity markets have been up again since 2013, more distributors are coming into the fold. We have stringent yardstick for both selecting and removing the funds. His objective is to help as many people as possible to become financially independent so that their quality of life improves greatly. Read and explore new things such as international websites related to your business to increase your knowledge. But like many seasoned advisers, she is watchful and advises caution if she feels that investors might end up spending too much. : : , . AMFI Registered mutual fund distributor valid from 21-Oct-2019 valid upto 14-Dec-2022 located in Chennai Buy/Sell Mutual funds sitting @ Home offering Cash Management, SIP Mutual Fund and ELSS Tax Savings He took up the CFP (Certified Financial Planner) certification and then started his practice about 11 years ago. But how can an advisor change this behaviour and ensure that clients make money? You are just one step away from creating your watchlist! D.Muthukrishnan | dmuthuk | Stock market Influencer | Company news, announcements, research and analysis - StockInForce D.Muthukrishnan @dmuthuk Amateur investor. Clients who miss payments are immediately chided to stick with their plan. He is famous on tweeter as Muthuk Sir. ideas and articles on growth strategies. Bear markets do create panic. . I got in to Twitter 18 months ago and now have around 2000 followers. Working with the stockbroker as an accountant and delivery staff. Fortunately, though, thanks to his association with GE Capital, he started giving sessions on financial planning to the companys business process outsourcing (BPO) units employees. Also, do not simply retweet someones article; instead, add a summary or a commentary. , . From his tweets, it's apparent that he used to be a mutual fund distributor and while now he is mostly an investor in his own right, he has much to say about the way mutual fund distribution works, and very little of it complimentary. If you do not have an account please register and login to post comments. Khatri is registered with the Registrar of Newspapers for India to be eligible to send the newsletters through the General Post Office; this makes mass mailing cheaper. I don't accept SIPs for less than 10 years, in fact, I don't accept any investments with a horizon less than 5 years. Managing portfolios on behalf of 174 families who have over . Do invest in right fund. . The study also showed that fund selection plays an important role, but the probability of beating inflation rises significantly as the time horizon gets longer. Today, PeakAlpha has about 3,300 customers, of which about 2,500 have come in through workshops, says Shyam. The information in this material is not intended as tax or legal advice. House No- 774, TR Phookan Road, . Based on these, he builds an asset allocation plan. Most of us will have to live a middle-class lifestyle. By then he was married and discussed with his wife about pursuing his passion in personal finance and becoming a financial advisor. My efforts are always only in one direction: to help investors understand that a simple goal based systematic investment approach, executed without exception, is all that they really need. He has also contributed for Sun News Vaniga Seidhigal. I'm a Certified Financial PlannerCM (CFPCM). Our values-based approach to financial planning and wealth management establishes a clear and personalized financial path to assist our clients inpursuing their goals. D.Muthukrishnan . Having realised that it will take time for clients to walk into their office on their own, the couple decided to step out and hit the road. I look at two aspects in this context: I must chose clients who value advice and who are not naturally inclined towards a DIY strategy. For the first 3 years (2007 to 2009), I did all the traditional sales initiatives that many do - I set up stalls during tax season in IT companies, I gave presentations in rotary clubs etc. His monthly inflow through SIPs is 3 crore, every month. This means, Rs.1 lakh invested 10 years ago is now worth Rs.3.35 lakhs. Though he was getting paid well, various factors including the odd working hours, continuous travel, and stringent timelines started to take a toll on health. Your email address will not be published. He remembers an investor called Kesarlal. Resides in Los Angeles, CA. We've never sold NFOs and closed ended funds. At WealthWise Financial Services, we deliver personalized strategies that embody the values of integrity, competence, and care. . We would continue to be less active. @dmuthuk. cookies . Comments have to be in English, and in full sentences. We also create satellite portfolios using a variety of alternative investments that provide potential downside protection strategies. Whenever we talk about value investor in India, the first name comes to mind is Warren Buffett or Rakesh Jhunjhunwala. Wealth is a mindset The Wealth Dad (@thewealthdad) July 26, 2020. Around 2017, he stopped accepting new clients. : . But most of Navi Mumbais population was made of the salaried class. Lets say, a client is trying to sell his equity funds at the wrong time. Nugget , social media ( financial nuggets), (financial independence). By March 2010, my AuM had reached Rs. It'll just take a moment. Writing blog posts, sending daily text messages on his clients mobile phones with a quote advocating long-term investing is his way of staying in touch with clients. Find contacts: direct phone number, email address, work experience. I began sending daily text messages of interesting wealth quotes from great investors like Warren Buffet and Peter Lynch, to all my clients and my prospects. . Muthu and his colleague Parthasarathy also meticulously track the 1,100-odd SIP accounts every month, to ensure that the cheques are going out like clockwork. Physical activity I churning funds gives a less or lose. The facts and opinions expressed here do not reflect the views of. I use every possible medium of communication to positively reinforce the need to be long-term, says Muthu. Getting a loyal following on twitter is every advisors dream. The Five Star Award based on 10 objective criteria associated with providing quality services to clients such as credentials, experience, and assets under management among other factors. Debt to Equity funds | D Muthukrishnan is the founder of Wise Wealth Advisors and a certified financial planner (CFP) in Chennai. I started getting calls from many prospects who read my blog. I actively make note of how many times a client calls me in bear markets. They are very well known. More than 86,200 of your industry peers are staying on top of their game by receiving daily tips, The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Neither Forbes nor SHOOK Research receives a fee in exchange for rankings. Chadha, from across his large desk in the basement of his ground floor bungalow in Gurgaon, shows us some of the text messages on his phone that he had sent to his investors, as early as in November 2014, advising them to book profits in equity markets and go on a vacation. In the MF parlance, a retail customer is an individual whose investment and portfolio value is less than 5 lakh. In 2010, I took up a 200 sq.ft. They were selected by a diverse panel of judges from across the industry and the editorial team at ThinkAdvisor. , email, . , . Here at WealthWise Financial Services, our job is to help you articulate your vision, navigate the risks along the way, and create a lasting legacy. . Not at all, says Rajaraman. Everyone has a vision of a personal legacy. As we climb the steps of N.S. Predict the closing value of sensex and win free subscription. We help our clients pursue their passions by taking the worry, fear, and concern out of wealth management and financial planning. He has contributed articles to popular personal finance portalMoneylife. ft each, in Anna Salai, Chennai, Partha shows us the extent of devastation that last years floods had caused; the entire ground floor of the building was completely submerged. So is there merit in distributors going after the small fish? From his tweets, it's apparent that he used to be a mutual fund distributor and while now he is mostly an investor in his own right, he has much to say about the way mutual fund distribution works, and very little of it complimentary. So, what are the perils of advising so many senior citizens, we ask? Apart from the above, he also holds Post Graduate Degrees in Commerce & Corporate Secretaryship. Being from a very low-income family and naively thought that the stock market is a quick way to get rich. We dont get paid for activity, just for being right. Nor does he take on clients who lack discipline. I used to spend a lot of time on Twitter and still, I was not able to get a decent amount of followers. Does he also advice his clients to change their portfolios based on fund performance? He got an opening and soon found himself progressing well into his new job. And then, some clients dont just ask for portfolio advice but for life advice too. Patna MFD scores big, registers over 1100 SIPs in a single day, This Nashik MFD collects e-waste to make India free from digital pollution, This MFD takes Mutual Fund Sahi Hai campaign to 20,000 feet in the Himalayas, How this small town MFD overcame severe challenges to make it big, How this Patna MFD built monthly SIP book of Rs. Chadha, himself an avid traveller, makes it a point to visit a new location every year. D Muthukrishnan of Wise Wealth Advisors swears by what he calls positive brainwashing to help his clients avoid bad decisions. They cannot be abusive or personal. Each relationship manager, about 15 of them, is assigned a neatly appointed desk with a computer and adequate stationary, and plenty of ergonomically designed chairs around. Look at lot of qualitative things in any company. 6 crores and my SIP book was Rs. Khatri, who started Krushna Finance in 1994, manages assets worth 700 crore today. But we need to remind investors of the purpose of their savings. Enjoy sharing thoughts on investing, personal finance and more. My articles focus on long term investing, on SIPs, on the power of compounding, on simple ways to create wealth. Chadha got a jolt. Venkatkrishnan masseur client, by the way, now lives in a 332-sq. Even as I was sharing them, I realised that something is missing -the connect was not there, because I was merely forwarding other people's thoughts. He joins a national list of less than 25 IFAs who have achieved a SIP book of this size. Join them and stay updated by subscribing to Cafemutual newsletters. Not often, says Ashish. 4NRIs cannot submit Form 15G/H: What can they do to lower TDS on income from India?