If someone asks me a mutual fund query, I encourage him or her to become my client first. All Filters. Muthukrishnan Financial Planner (CFP) Wise Wealth Advisors, . His stockbroker asked him to apply and sponsored the 3 years part-time MBA with IFRM (Institute for management and research). In the distribution business since February 2003, with assets under management (AUM) of 600 crore and SIP monthly inflows of 80 lakh, Venkatkrishnan employs only four people, mainly for pickup and delivery of forms and cheques. There's an extremely popular Twitter handle called @dmuthuk, a financial planner named D. Muthukrishnan. . D. Muthukrishnan, Wise Wealth Advisors, Chennai In May 2015, Muthukrishnan became the first IFA in Tamil Nadu to achieve a SIP book of Rs. 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. I would rather stay focussed on continuing to serve my existing clients, keep acquiring more clients and keep adding to my AuM. Warren Buffett's race against the S&P 500. . I want them to think about why they are investing. Dibrugarh ADDRESS. What if clients act against his advice? After the start of the National Stock Exchange, many small broking houses had to shut down and he lost his job. : , 10 . Warren Buffett, Alexa von Tobel Charlie Munger. He calls himself an amateur investor on his Twitter and is very active on tweeter. Got me started on the PF journey. Muthu loves to help people to achieve their financial goals. This is my 9th year of being an IFA. Self-doubt was creeping in. 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. 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. I cannot risk my reputation," he says. Whenever I share an article or retweet someones post, I add a few words of my own. 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. Ranjan Muthukrishnan, 41. Dont miss out on ET Prime stories! Look for long term averages. People liked my comments and clicked on my link, thus boosting traffic to my blog. Seeing some traction, I started sharing interesting articles I had come across. Like that you would have invested in ten funds over last 10 years. Radical change in strategy drove 15x growth in last 5 years, D. Muthukrishnan, Wise Wealth Advisors, Chennai. I use every possible medium of communication to positively reinforce the need to be long-term, says Muthu. If someone has a lot of EMIs or revolving credit, I ask them to go back and get their finances in order first, he says. I'm a Certified Financial PlannerCM (CFPCM). His investments, which Venkatkrishnan has been managing, is now worth 27 lakh, she says with a wide smile. *. 88 . I would like to end this with a Buffett quote: We will not equate activity with progress. Get your daily dose of business updates on WhatsApp. View Deepthi Muthukrishnan's email address: dxxxxxxxxxxxxxxxxxxxn@ucla.edu & phone: +1-xxx-xxx-7764's profile as Postdoctoral Fellow at University of California, Los Angeles, located in Culver City, California. I was anyway generating interest through my blog, so only those who were really keen came and met me. We are very choosy about the fund houses we work with. Valueresearch offers lot of free tools for investors. Loreen Gilbert's Recognition Includes: L. L. 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. I knew I had a reasonably good writing ability, so I began writing my own articles, which I started mailing regularly to my clients and prospects. It is like entering a factory where everything is precisely the way it should be. Ranjan Muthukrishnan may also have lived outside of Los Angeles, such as Berkeley. Defining his investment strategy as follows (influenced by Terry Smith), Your email address will not be published. I chased every lead I got, I went to clients offices and homes, I had lengthy discussions on every aspect of the market, and often I would come back empty handed after these efforts. 1 crore, with over 1100 live SIPs at an average of over Rs.9000 per SIP. I have clients with SIPs from a few hundred rupees to a few lakh a month, he says. 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. . A few months later, I found that many people had started following me. But there are many more gems one of them is D.Muthukrishnan. 4NRIs cannot submit Form 15G/H: What can they do to lower TDS on income from India? 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. This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. Since 2017, he has been focusing on serving his current clients and not taking on any new ones. Ltd, a financial planning company in Bengaluru in 2005, Shyam decided to put his communication skills to good use. Smart distributors also focus on SIPs. Smart distributors have learnt to keep their costs low. 'IFA SUCCESS MANTRA' by Mr. D Muthukrishnan, Founder, Wise Wealth Advisors, Chennai In 2014, I started posting my favourite quotes to test the waters. After GE left, there was a huge void. Our financial planning process begins with us working together to articulate your vision of the future. 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 got an opening and soon found himself progressing well into his new job. He wanted Venkatkrishnan to invest some of his income. He started his mutual fund distribution business in 2007. D.Muthukrishnan . 6 crores with a SIP book of Rs. Indias stock benchmarks surged over 1.5% on Friday the biggest single-day gain in four months as dovish commentary by one of the members of the US Federal Reserve's rate-setting panel and fresh investments in Adani Group stocks bolstered sentiment. Experience Your Economic Times Newspaper, The Digital Way! "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. We need to go that extra mile to ensure that we remain relevant to our clients. How does he convince clients to stay on in falling markets? 07 6PM comin real soon . We navigate economic and market risks through a tactical investment philosophy and construction of core and satellite portfolios. It is the duty of Advisers to educate and guide investors. Chadha got a jolt. As per corporate shareholdings filed for December 31, 2022, MUTHU KRISHNAN S publicly holds 0 stocks with a net worth of over Rs. Bad behaviour got you only 3.93% returns whereas good behaviour got you a decent 12.84%. As retail money comes in small ticket sizes, it takes time for distributors to break-even and then start making money. As of January 1, 2020 the California Consumer Privacy Act (CCPA) suggests the following link as an extra measure to safeguard your data: Do not sell my personal information. 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. But do SIPs work? In Navi Mumbai, we covered the adjoining areas of Vashi, Kopar Khairane, Airoli, Sanpada, Juinagar and Nerul," he says. D Muthukrishnan of Wise Wealth Advisors swears by what he calls positive brainwashing to help his clients avoid bad decisions. We specialize in working with business owners, key executives and women investors. We help you create a living legacy to carry out your vision. Views are personal and are not recommendations. At WealthWise Financial, we start with your goals in mind. The couple never came back. View MUTHUKRISHNAN L'S profile on LinkedIn, the world's largest professional community. It was a bold move at that time, but I saw that running from one client's office to another, having lengthy conversations and hoping for business, was just pitching me in my clients eyes as yet another agent hoping for some business. . 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. Lets say, a client is trying to sell his equity funds at the wrong time. If a patient comes to a doctor, whether it is Ambani or the man on the street, his diagnosis has to be the same. Once, in 2005, she had a meeting with a client. Some distributors may sell you a lemonwe have all heard those talesbut others help you build a financial nest. We also create satellite portfolios using a variety of alternative investments that provide potential downside protection strategies. My articles focus on long term investing, on SIPs, on the power of compounding, on simple ways to create wealth. One area where he scores is on providing qualitative advice and not selecting funds. 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. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. The latest Tweets from Freedom Wealth (@Wealth_Theory). Recently, a fund manager approached me telling he recognised me from Twitter. 2. , email, . 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. There is enough leg space to stretch and sit comfortably. More activities are harmful for the portfolio and lead to bad outcomes. I said, let big business come to me; I will spend time in chasing small business," says Chadha. No one can predict fund performance. 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. Join them and stay updated by subscribing to Cafemutual newsletters. Getting a loyal following on twitter is every advisors dream. I insisted that they visit me in my office for a personal financial counselling session, and that I would charge them Rs.1000 for the initial consultation, after which there will be no further charges. If someone has posted a tweet, reply immediately. So, what are the perils of advising so many senior citizens, we ask? Lived In Berkeley CA, Manhattan KS. When Khatri opened shop in 1994 in Vashi, Navi Mumbai was a rising township. We have stringent yardstick for both selecting and removing the funds. Amateur investor. . Not often, says Ashish. Your financial success story can start today. He handles the finances of about 300 families with 150 crore in AUM. He also holds a MBA in Finance from IFMR ( Institute for Financial Management and Research). 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. Download the Mint app and read premium stories. 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. Surprisingly getting into Twitter has increased my blog traffic by 4 times. Along with my SMS and blog strategy that ensured recall for me and my services, I made a radical change in the way I interacted with clients. By sharing infographics and giving commentary on news or articles, I am able to reach out to a wide audience. 12h Any good fund or fund manager or investor is likely to underperform for 3 or 4 years during a 10 year period. #ynr #welcome #oxynova Ten years ago, we all paid big commissions to book train or airline tickets. To that end, we work with you on articulating your vision of the future. I felt completely helpless. 1Which income tax regime professional under presumptive taxation scheme should choose? 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. At the same time, in the second half of the nineties, the BPO industry in India had started coming up. 30/10/2022 06:13:43 PM Share: In 2014, equity funds had returned 30-60% on the back of a stock market rally due to the change of government at the Centre. More than 86,200 of your industry peers are staying on top of their game by receiving daily tips, September 18th, 2011 06:23. 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. Up until then, my gross income was about 80,000-90,000 per month. Our values-based approach to financial planning and wealth management establishes a clear and personalized financial path to assist our clients inpursuing their goals. But most of Navi Mumbais population was made of the salaried class. Further, since these BPOs, typically, worked according to American and European time, Chadha spent nights giving financial literacy sessions to BPO employees, which would continue till 4 in the morning. I agree that direct plans are a challenge, and that this challenge will only get bigger with the passage of time. I immediately thought about what personal finance advisor D Muthukrishnan recently shared. Was the first finance periodical that i bought regularly every month since 2011 and later as a subscriber. I usually convince them to sell half the intended amount. Venkatkrishnan masseur client, by the way, now lives in a 332-sq. This is applicable to all funds, including the ones youre holding based on our recommendations. @dmuthuk. D.Muthukrishnan(Muthu) is the founder of Wise Wealth Advisors. Not everyone in this world can be a business tycoon or have a top-tier position in a big corporation. The moment you beginthe searchfor the best funds, thats when you invite sleepless nights, he says. We take protecting your data and privacy very seriously. Do they want to buy a house? Clients liked my articles and some suggested that I start a blog to get wider circulation. D.Muthukrishnan (@dmuthuk) September 25, 2020. Conversations became sharply focused on client goals and strategies, conversions were very high. My new strategy has completely changed business trajectory. She didnt give her nod and reminded him that he has a 10-year-old sons further education to think of. Copyright HT Digital Streams Limited All rights reserved. We dont get paid for activity, just for being right. 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. Enjoy sharing thoughts on investing, personal finance and more. Your email address will not be published. I was putting in a lot of effort, but business was building up very slowly. In case you cant find any email from our side, please check the spam folder. CapitaLand Investment Management (CLIM) has announced the distribution of CapitaLand Ascott Trust (CLAS) units to its shareholders. His investment strategy is influenced by Prof. Sanjay Bakshi (his writings on quality), Terry Smith, and Nick Train. 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. Within a few weeks, I got a lot of active followers that like and comment on my pictures and videos that I tweet. Do invest in right fund. Khatri belongs to the community of individuals and institutions who bring financial products to your doorstep. Views are personal and are not recommendations. To subscribe to our emailers, all you have to do is fill in these basic details and click the Submit button. He has also contributed for Sun News Vaniga Seidhigal. Useful article for All. We ask you to complete a risk tolerance questionnaire and establish your risk score. Patience always pays. . ITC infotech is a small component of ITC conglomerate. Within that, again I allocate two-third to equities and the rest to debt. They cannot be abusive or personal. . He says. But like many seasoned advisers, she is watchful and advises caution if she feels that investors might end up spending too much. There are no charges once a prospect becomes a client, as I make it clear to them that I earn a trail commission. 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. 03. They found his inputs very useful and also encouraged him to share more. D Muthukrishnan is a Chennai-based certified financial planner (CFP). "A Single conversation with a wise man is worth a month's study of books" Chinese proverb. 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. It'll just take a moment. To create wealth, selecting the best funds and frequently changing the portfolio are unimportant, says Muthu. Smart distributors have learnt to keep their costs low. He also appeared as theGuest of Jaya TVsbreakfast show, Kaalai Malar. Do your duty and let the fund do its duty. But it is equal or bigger than some midcap IT companies. . Apart from the above, I also hold Post Graduate Degrees in Commerce & Corporate Secretary ship (M.Com & MCS). Adani Group stocks rallied for the fourth consecutive day on Friday after the promoters raised 15,446 crore by selling stakes in four companies to US-based investment firm GQG Partners on Thursday. His investing philosophy is very well known to people and he has more than 247 K followers on Twitter. 6 crores and a SIP book of Rs.5 lakhs. They are very well known. Clients who miss payments are immediately chided to stick with their plan. Look at lot of qualitative things in any company. O Mr. Muthu, Dr. 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. 1 crore, with over 1100 live SIPs at an average of over Rs.9000 per SIP. Muthukrishnan cautioned: "Wealth is difficult to build and easy to lose." House No- 774, TR Phookan Road, . If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. a.12 b. c. d. Investors give too much importance to the R factor. . Bengaluru is the information technology (IT) hub of India and the technology companies attracted young talent from all across the country. 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. The facts and opinions expressed here do not reflect the views of. I began thinking of different ways to connect with prospects and engage with prospects. D Muthukrishnan is Certified Financial Planner at Wise Wealth Advisors. Being from a very low-income family and naively thought that the stock market is a quick way to get rich. I founded Wise Wealth Advisors in January 2007 and am practising as a financial advisor since then. 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? document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); & I MyWealth.gr 2021 Your risk profile is a key component of appropriate asset allocation. When it comes to wealth management, we understand that every client is unique, each with their own set of aspirations and expectations. 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. Out of 10 years, a fund would have 3 or 4 bad years. In fact, I hardly posted anything in the first year. Our purpose at WealthWise Financial Services is to Redefine Wealth Management. Mphasis was an obvious starting point for Shyam as he had worked there for two years, before he and Priya started PeakAlpha. 3 D. Muthukrishnan @dmuthuk. A significant majority of investors dont know what they want to do with their money," she says. MUTHUKRISHNAN L WEALTH ADVISOR at GLOBAL FINANCIAL SERVICES Tamil Nadu, India. 4 Mitesh Patel @Mitesh_Engr. Achieving your financial goals is an on-going process. 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. This mantra has worked out really well, because upheavals in one country or one asset dont really hurt the clients portfolio. The latest quarter tends to have missing data since not all companies may have reported their shareholding data . I started getting calls from many prospects who read my blog. , . 500 crores by 2020. . 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!. 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. Why Im restating the obvious? He joins a national list of less than 25 IFAs who have achieved a SIP book of this size. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Around 2017, he stopped accepting new clients. However, as equity markets have been up again since 2013, more distributors are coming into the fold. Even though he says he [] 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.
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