2What is Section 115BAC of the Income-tax Act? Your email address will not be published. . R D Motors Building, A.T Road, Khutikatia, Nagaon-782002, CONTACT +91 70990 31563. , . Ten years ago, we all paid big commissions to book train or airline tickets. With a lean operation, Rajaraman swears he cannot survive without technology. In my Career spanning for the last 23 years, I've worked for the first 4 years in Accounting and Stock Broking. O Mr. Muthu, Dr. But destiny had a different plan. They have taken a period of last 10 years, January 2007 to December 2016. In fact, in my profile description too, I have specifically mentioned this to let my followers know what type of posts to expect from me. Whether we are working with business owners and key executives to maximize retirement plans and develop an exit strategy, or women investors on retirement and estate planning, our integrative approach helps give our clients a vision of the next chapter in life. However, as equity markets have been up again since 2013, more distributors are coming into the fold. We are not against portfolio changes. But different banks, distributors and financial planners follow varying definitions and offer different facilities to such groups. MUTHUKRISHNAN has 1 job listed on their profile. Vasudevan Muthukrishnan, age 50s, lives in Los Angeles, CA. The remaining 98% keep churning, redeeming and lose out on the long term wealth creation. I would like to end this with a Buffett quote: We will not equate activity with progress. I cannot risk my reputation," he says. We look for long term performance, consistency, losing less in bear markets and ability to navigate multiple market cycles. I plan to expand to serve 300 families in the next 5 years, and have set myself an AuM target of Rs. By asking those who were interested to come to my office, with a prior appointment, and pay me Rs.1000 for a consultation, I stood apart in the prospect's eyes. He has done live talk show in Sun News . . Our purpose at WealthWise Financial Services is to Redefine Wealth Management. 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. . My core client base is 155 families who account for 96% of my AuM. That means emailing daily quotes from investment greats, such as Peter Lynch and Warren Buffet, writing a weekly blog and reaching out to reassure investors during every market blip. Thanks for sharing this type of articles sir, Very informative and apt. An annualised return of 3.93%. So is there merit in distributors going after the small fish? CapitaLand Investment Management (CLIM) has announced the distribution of CapitaLand Ascott Trust (CLAS) units to its shareholders. "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. When Bengaluru-based couple Shyam and Priya Sunder decided to set up PeakAlpha Investment Services Pvt. D.Muthukrishnan (@dmuthuk) September 25, 2020. There's an extremely popular Twitter handle called @dmuthuk, a financial planner named D. Muthukrishnan. Your session has expired, please login again. I am aware that many of my IFA friends are worried about making aggressive expansion plans due to the fear that direct plans will eat into their business. ITC infotech is a small component of ITC conglomerate. cookies . Besides, Vashi is a small satellite town where many retirees live. I realised the merit in not chasing the big business, because rich people may be successful in their chosen spheres but tend to become arrogant and start an inter-agent competition on their investment returns. He remembers an investor called Kesarlal. As most BPOs work full strength during nighttime, Chadha used to leave his office at 3 pm, spend his afternoons and evenings searching for clients, and then reach GEs BPO office at about 9 pm. My new strategy has completely changed business trajectory. Think of the number of times it could have been broken if I were mis-selling. The investors who signed up for SIPs in 2006-07 have managed a 17-20 per cent CAGR and are now votaries of long-term investing. We have migrated to a new commenting platform. Mphasis was an obvious starting point for Shyam as he had worked there for two years, before he and Priya started PeakAlpha. My articles focus on long term investing, on SIPs, on the power of compounding, on simple ways to create wealth. Muthukrishnan says he spends much of his time counselling his clients at the beginning of their relationship so that they understand the merits of SIPs and a buy-and-hold strategy. ; . Khatri decided to toil. With all this hard work it took him almost two decades to reach the top of the pyramid from the bottom. His investment strategy is influenced by Prof. Sanjay Bakshi (his writings on quality), Terry Smith, and Nick Train. Was the first finance periodical that i bought regularly every month since 2011 and later as a subscriber. That means not going after young techies, but instead focusing on successful professionals, traders, SMEs - people who don't have the time and inclination to follow a DIY strategy and who are looking for sensible advice. That came down to nil. MUTHUKRISHNAN L WEALTH ADVISOR at GLOBAL FINANCIAL SERVICES Tamil Nadu, India. An advisors value comes not only from what he does but more so from what all he does not do. Relationship managers are dressed in crisp, ironed uniforms. He also holds a MBA in Finance from IFMR ( Institute for Financial Management and Research). . Important lesson to learn from this An advisors value comes not only from what he does but more so from what all he does not do, Nice article. Chadha, himself an avid traveller, makes it a point to visit a new location every year. His AuM has now reached Rs.95 crores, and he has firmly set his sights on scaling Rs.500 cr AuM in the next 5 years. Look for long term averages. He calls himself an amateur investor on his Twitter and is very active on tweeter. I frankly don't know how regulations will pan out in the coming years on revenue models. It'll just take a moment. By then he was married and discussed with his wife about pursuing his passion in personal finance and becoming a financial advisor. Initially, I did not have many followers. I started getting calls from many prospects who read my blog. Out of 10 years, a fund would have 3 or 4 bad years. You would not have earned even the SB A/C return by investing in equity mutual funds, that too all top performers of the previous years. The Forbes ranking of Americas Top Women Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative and quantitative data, rating thousands of wealth advisors with a minimum of seven years of experience and weighing factors like revenue trends, assets under management, compliance records, industry experience and best practices learned through telephone and in-person interviews. Save my name, email, and website in this browser for the next time I comment. I was putting in a lot of effort, but business was building up very slowly. I began thinking of different ways to connect with prospects and engage with prospects. Discussing the monetary revolution as it happens in real time. I have over 1100 live SIPs and the average is over Rs.9000 per SIP. : , 10 . Even the office walls are full of banners advocating the right steps to wealth creation. 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. All rights reserved. We help our clients pursue their passions by taking the worry, fear, and concern out of wealth management and financial planning. The Hon Hai Technology Group (Foxconn), the biggest contract manufacturer in the world, will set up an electronics manufacturing and assembly unit on the outskirts of Bengaluru, where it is expected to invest up to $1 billion and make iPhones for Apple. Though I created my account in 2011, I was not very active initially. , . "A Single conversation with a wise man is worth a month's study of books" Chinese proverb. Plan for their kids further education? Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. What if clients act against his advice? Please abide by our community guidelines for posting your comments. Four months ago, the client came to her and said he wished to buy a bigger house, worth almost 30 lakh. That is when I realised the power of retail. document.getElementById( "ak_js" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2021 NextLevel Education | All Rights Reserved, Call us: +91 90290 43838 |E-mail: info@nextleveleducation.in. Venkatkrishnan masseur client, by the way, now lives in a 332-sq. I have clients who have been with me for years, who are aware of DIY portals and who continue to be with me - only because they saw that when markets turned choppy, I was there to hold their hand, I was there to reassure, I was there to ensure that their SIPs did not stop in panic and I was there to steady the ship when it mattered most. D. Muthukrishnan, a Chennai-based certified financial planner, who manages assets worth 111 crore (as of end March 2016), gets inflows worth . Additionally, for the past 18 years, Khatris team has been sending 600 postcards every day, with mantras of investing written on them, in English and Marathi. Seeing some traction, I started sharing interesting articles I had come across. It has been an absolute pleasure for many of us to read and reflect on the financial nuggets shared by the prolific Mr. Muthukrishnan. 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 Passionate about personal finance, investments and financial independence. I began in 2007 like most IFAs do. Find contacts: direct phone number, email address, work experience. But fund selection is not as important as it is made out to be. Given that his advice is simple, will he lose out to direct plans? Followers: 479,876 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. I started using Twitter before I became an IFA. So, what are the perils of advising so many senior citizens, we ask? She has sessions with her clientsalmost 60% of them are women, so she insists on the husbands to also join their wiveswhere she explains the need to have goals for every investment. . But those businesses have gone out entirely. I got in to Twitter 18 months ago and now have around 2000 followers. How does he convince clients to stay on in falling markets? House, a one-storey commercial facility with several offices measuring up to a maximum of 250 sq. Having both spouses participate in these sessions helps the couple marry their thoughts and expectations, she says, adding that people arent as averse to investing as we assume. Certified Retirement Counselor (CRC) conferred by InFRE. According to Amfi data, as on June 2015, retail investors invested around 61,000 on an average per account, in MFs, while HNIs invested around 21.61 lakh. 10+ . . They are very well known. development, success stories and industry updates. We make changes, only if it is extremely required. Muthukrishnan cautioned: "Wealth is difficult to build and easy to lose." After the meeting was over, the clients masseur, who was patiently waiting for her outside the house, cautiously walked up to her and asked for money advice. Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards The American Business Awards, The International Business Awards, the Stevie Awards for Great Employers, the Stevie Awards for Women in Business, and the the Stevie Awards for Sales & Customer Service. No Paid Tips. His investments, which Venkatkrishnan has been managing, is now worth 27 lakh, she says with a wide smile. People liked my comments and clicked on my link, thus boosting traffic to my blog. 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. The number of new corporate distributors to enroll, too, has gone up, from a low of 182 new registrations in 2012-13 to 611 in 2015-16. Do you see the difference? Recently, a fund manager approached me telling he recognised me from Twitter. ideas and articles on growth strategies. If a patient comes to a doctor, whether it is Ambani or the man on the street, his diagnosis has to be the same. But do SIPs work? Brainy smart activity gives decent returns. In 2010, I did some introspection and came to the conclusion that I had to change my strategy completely. He got an opening and soon found himself progressing well into his new job. , . View MUTHUKRISHNAN L'S profile on LinkedIn, the world's largest professional community. If you dont automatetheir savings, investing becomes impossible. Insurance will no longer be tax exempted if the total annual premium exceeds Rs.5 lakh. These models work if you either start off with a ready set of clients (like Venkatkrishnan did, thanks to her previous jobs as relationship managers) or if you start with close friends and families and dont wish to go beyond a point, like Muthukrishnan. What is needed is guidance. One area where he scores is on providing qualitative advice and not selecting funds. Since the articles were already available online, my posts were relevant only if they carry additional value. The content is developed from sources believed to be providing accurate information. How does he approach asset allocation? 1Which income tax regime professional under presumptive taxation scheme should choose? Neither Forbes nor SHOOK Research receives a fee in exchange for rankings. Related To Subbaratnam Muthukrishnan, Aravind . By March 2010, my AuM had reached Rs. Few would believe that this is the same IFA who in 2010, was struggling with an AuM of Rs. "YNR ALL" D-7 Wealth 2023. Resides in Los Angeles, CA. This will alert our moderators to take action. click here! People from mainland Mumbai had just started to migrate to Navi Mumbai and many others moving to Mumbai began settling in Navi Mumbai because of cheaper housing and lower rentals. It is time for IFAs to go through a similar disruption.. Sir, main bhi SIP karna chahta hoon. But he could only spare 250 a month, while AMCs would only accept 500. Like that you would have invested in ten funds over last 10 years. In fact, many people in my Vedanta and Sanskrit lists have approached me for financial advice. . We now have more than 300,000 hits in our blog and is likely to cross half a million by end of this year. I must go beyond knowledge (market perspectives, fund selection etc) and focus more on helping with behavioural aspects of investing. His monthly inflow through SIPs is 3 crore, every month. Neither Forbes nor SHOOK receives a fee in exchange for rankings. Would suggest subscribing to Mutual Fund Insight. But once she is convinced and invests, typically she is a keeper, they say. Today Today, he is a Chennai-based Certified Financial Planner (CFP) and the founder of Wise Wealth Advisors, a financial advisory firm that helps clients to build and manage their wealth. We ask you to complete a risk tolerance questionnaire and establish your risk score. His stockbroker asked him to apply and sponsored the 3 years part-time MBA with IFRM (Institute for management and research). Ltd, a financial planning company in Bengaluru in 2005, Shyam decided to put his communication skills to good use. . 5How individuals can get GST refund on cancellation of home construction, insurance policy: A step by step guide, Choose your reason below and click on the Report button. He also appeared as theGuest of Jaya TVsbreakfast show, Kaalai Malar. We navigate economic and market risks through a tactical investment philosophy and construction of core and satellite portfolios. Thats just the average though; investors can invest as low as 10,000-20,000 too. I agree that direct plans are a challenge, and that this challenge will only get bigger with the passage of time. In fact, people started approaching me for financial advice. Physical activity I churning funds gives a less or lose. September 18th, 2011 06:23. Sir wat a wonderfully insight on ivestors mind set, as these days the investors are clearly chasing returns and falling much much short of there goals do we need to blame the rating agencies as they have to rate differently every time they come out with an article. The latest quarter tends to have missing data since not all companies may have reported their shareholding data . After GE left, there was a huge void. . They had aspirations to buy a palatial home", a car and also wanted to go on a world tour soon. With his many innate interests in investing and personal finance, he used to give financial pieces of advice to many colleagues. 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 remembers one high net worth investor, who invested Rs 30 lakh in an Energy Fund in 2006-07. Hence, apart from mutual funds, I post tweets on personal finance, Sanskrit and Vedanta. Get your daily dose of business updates on WhatsApp. This is my 9th year of being an IFA. Ashish once did a corporate training session; Kesarlal was a peon at that firm. There are fantastic marketing and customer engagement lessons we can pick up from Muthukrishnan's story, which we hope will inspire many more IFAs to rethink the way they currently do business, and get onto a high growth path that Muthukrishnan has so ably done. , influencer, . , . Clients liked my articles and some suggested that I start a blog to get wider circulation. 2. He saw that the couple, both of whom were working for a technology company, had a credit card debt which they were happily rolling over, continuously. . Views are personal and are not recommendations. We've never sold NFOs and closed ended funds. Smart distributors have learnt to keep their costs low. We believe that hard-working Americans have the right to pursue financial security by legally reducing their income and estate tax obligations. But universally, the higher your net worth, the more the number of facilities your distributor offers, especially if it is a bank. He has been periodically contributing articles and has given interviews inGokulam Kadhir,a Dina Thanthi Group Publication. There are three factors in wealth creation the principal, time and rate of return. 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. Muthu loves to help people to achieve their financial goals. Please consult legal or tax professionals for specific information regarding your individual situation. Sanjay Khatri, chief executive office, Krushna Finance, says that although 60% of his clients are senior citizens, many of them were his clients even when they were about 40 years old. He started his mutual fund distribution business in 2007, and since 2017, his focus has been catering to existing clients. Engineer, Full time FNO Trader since Dec. 2017.. Views only for learning. I think a differential of 0.50 per cent or so between the two will be accepted by investors, but not 0.75 or 1 per cent.. Self-doubt was creeping in. Also at an early age, hopefully," says Shyam. You know that we are completely against chasing performance. 6 crores and my SIP book was Rs. To look at the past record and predict that this will continue, is like looking at a car racing on the road and saying you can predict where it is going!. We create core fee-based portfolios with unconstrained weightings in sectors, market capitalizations and geographic location. He has also been photographed. There are no charges once a prospect becomes a client, as I make it clear to them that I earn a trail commission. Up till 2003, Gurgaon-based Ashish Chadha, an MF distributor, was more than happy to cater to large clients; chief among them was GE Capital, the financial services arm of US-based GE Electric. I'm 42 years old. We dont believe in churning portfolio. Today, he is a Chennai-based Certified Financial Planner (CFP) and the founder of Wise Wealth Advisors, a financial advisory firm that helps clients to build and manage their wealth. 2258. After entry load in MFs was abolished in 2009, registration of new distributors had fallen to about 2,500 (2011-12), down from close to 9,800 distributors who got registered in 2007-08 and close to 12,700 who had got registered in 2008-09. Views are personal and are not recommendations. These are the people you go to buy your next MF, to start your SIP, sometimes to also plan your finances, to get your account statement if your fund house has not sent you one, or to inquire about a lost dividend. A radical change in marketing strategy in 2010, led to an incredible 15x growth in his business over the last 5 years, and has now catapulted Muthukrishnan into the big league of IFAs. Comments have to be in English, and in full sentences. D Muthukrishnan is a Chennai-based certified financial planner (CFP). They approached companies some were their ex-employers, such as Accenture Plc and Mphasis Ltdand started to hold workshops. He has also donelive talk shows inJaya TV. D. Muthukrishnan, a Chennai-based certified financial planner, who manages assets worth 111 crore (as of end March 2016), gets inflows worth 1.26 crore every month through SIPs and caters to 176 families. . Smart distributors have learnt to keep their costs low. Apart from having among the highest number of SIPs in India, his corpus in equity-linked savings schemes (ELSS) is said to be 100-150 crore, one of the highest among independent financial advisers across India, according to MF industry officials. 500 crores by 2020. . But most of Navi Mumbais population was made of the salaried class. Users can access their older comments by logging into their accounts on Vuukle. , email, . Muthukrishnans 200-sq. Getting a clients asset allocation right is the key to investing success, believes Rajaraman K of RRK Advisory. Prior to the distribution, CLIM owns 37.53% of CLAS and CLIM is going to distribute 8.48% of CLAS to shareholders. We always stress on keeping things simple. In 2010, I took up a 200 sq.ft. This was a proud moment for me. Some distributors, like Muthukrishnan, are choosy about their clients. Does he also advice his clients to change their portfolios based on fund performance? Being high savers, by the age of 34, we had a house, no loans, and also had a corpus worth 10 years of expenses. , . However, it wasnt easy. I sincerely believe the kind of value addition we do with less tinkering of portfolio, preventing you from doing many wrong things and making you do the few right things needs to be shared once in a while so that more activities are not equated with good advice. Surprisingly getting into Twitter has increased my blog traffic by 4 times. Switching to best performing fund does not guarantee good returns. In a recent study (read here: https://bit.ly/1p8PW81 ) which Mint did with Hexagon Wealth, a Bengaluru-based boutique wealth management firm, we found that as the time horizon goes up, SIPs do better. His SIP book is the biggest in the state of Tamil Nadu. What is your opinion? 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. Our purpose at WealthWise Financial Services is to Redefine Wealth Management. Up until then, my gross income was about 80,000-90,000 per month. The office of Krushna Finance, one of Indias largest mutual fund (MF) distributors, in Vashi, in Navi Mumbai, is decked up to convince even the hardcore pessimist to invest some money, if not her entire wallet.
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