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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. 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 We would also ensure that you remain less active. They consult me on sensitive matters like having a second child, or quitting a career for studies Thats surely something no robo advisor would be able to do! This was a proud moment for me. Then, he befriended a few courier boys, gave them free mobile phones and requested them to click pictures of name plates in buildings they visited to make deliveries. Muthukrishnans 200-sq. Discussing the monetary revolution as it happens in real time. 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. I trawled the net extensively to dig out insightful quotes, beyond the ones we anyway see circulating around. As of yesterday, the last 10 year annualised return is 12.84%. Self-doubt was creeping in. We navigate economic and market risks through a tactical investment philosophy and construction of core and satellite portfolios. D.Muthukrishnan (@dmuthuk) September 14, 2020. 07 6PM comin real soon . 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. Neither Forbes nor SHOOK receives a fee in exchange for rankings. 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. While most advisors are yet to reach their first 1000 followers, these two IFAs have taken social media presence to a whole new level. You would think that distributors spend most of the time collecting inflows. Copyright HT Digital Streams Limited All rights reserved. As per corporate shareholdings filed for December 31, 2022, MUTHU KRISHNAN S publicly holds 0 stocks with a net worth of over Rs. One area where he scores is on providing qualitative advice and not selecting funds. . You are now subscribed to our newsletters. D Muthukrishnan of Wise Wealth Advisors swears by what he calls positive brainwashing to help his clients avoid bad decisions. Got me started on the PF journey. People talk and word can spread very fast. #GrowwIndependent #IndependenceDay2018 #IndepenceDay2018 He believes that to call SIPs a retail product is a misnomer wealthy clients need discipline in SIPs too. That tells me a lot about his risk tolerance, he says. 2What is Section 115BAC of the Income-tax Act? Was the first finance periodical that i bought regularly every month since 2011 and later as a subscriber. The future was not exactly looking rosy at that point of time. Check the background of your financial professional on FINRAs BrokerCheck. O Mr. Muthu, Dr. , . After the start of the National Stock Exchange, many small broking houses had to shut down and he lost his job. , . They cannot be abusive or personal. Some clients asked me why I was not present in the social media and couple of them suggested Twitter as a good medium; to share what I'm learning and to learn what others are sharing. . Your Reason has been Reported to the admin. D Muthukrishnan is Certified Financial Planner at Wise Wealth Advisors. But most of Navi Mumbais population was made of the salaried class. Plan for their kids further education? 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. 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. These began to get appreciated and built a daily recall for my firm. They found his inputs very useful and also encouraged him to share more. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. House, a one-storey commercial facility with several offices measuring up to a maximum of 250 sq. Users can access their older comments by logging into their accounts on Vuukle. When you recommend to your clients what you yourself do, it works. 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. Ashish once did a corporate training session; Kesarlal was a peon at that firm. Ten years ago, we all paid big commissions to book train or airline tickets. In 2014, I started posting my favourite quotes to test the waters. I have now gradually upped the fee to Rs.3000 as a one time fee. By interacting with various people, I have increased my visibility. 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. He has done live talk show in Sun News . I founded Wise Wealth Advisors in January 2007 and am practising as a financial advisor since then. We dont believe in churning portfolio. This is the main reason for the poor return experience that many investors have with equity investing. Physical activity I churning funds gives a less or lose. . If you do not have an account please register and login to post comments. click here! . They had aspirations to buy a palatial home", a car and also wanted to go on a world tour soon. After GE left, there was a huge void. 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. Venkatkrishnan masseur client, by the way, now lives in a 332-sq. I have over 1100 live SIPs and the average is over Rs.9000 per SIP. We now have more than 300,000 hits in our blog and is likely to cross half a million by end of this year. Wealth is a mindset The Wealth Dad (@thewealthdad) July 26, 2020. Copyright 2023, THG PUBLISHING PVT LTD. or its affiliated companies. Within the two-third equity, I may allocate two-third to large-caps and the rest to mid-caps, he explains. 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. I'm 42 years old. Looking only at numbers reveal much less of the potential. At the same time, in the second half of the nineties, the BPO industry in India had started coming up. He also appeared as theGuest of Jaya TVsbreakfast show, Kaalai Malar. What was his most memorable success? . The remaining 98% keep churning, redeeming and lose out on the long term wealth creation. Radical change in strategy drove 15x growth in last 5 years, D. Muthukrishnan, Wise Wealth Advisors, Chennai. Thanks for sharing this type of articles sir, Very informative and apt. Our purpose at WealthWise Financial Services is to Redefine Wealth Management. Around 2017, he stopped accepting new clients. Looks like you have exceeded the limit to bookmark the image. All rights reserved. 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. 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. View MUTHUKRISHNAN L'S profile on LinkedIn, the world's largest professional community. , influencer, . Muthukrishnan cautioned: "Wealth is difficult to build and easy to lose." Apart from the above, I also hold Post Graduate Degrees in Commerce & Corporate Secretary ship (M.Com & MCS). Mphasis was an obvious starting point for Shyam as he had worked there for two years, before he and Priya started PeakAlpha. An annualised return of 3.93%. Switching to best performing fund does not guarantee good returns. The moment you beginthe searchfor the best funds, thats when you invite sleepless nights, he says. When it comes to wealth management, we understand that every client is unique, each with their own set of aspirations and expectations. 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. I hold an MBA in Finance from IFMR (Institute for Financial Management and Research). He wanted Venkatkrishnan to invest some of his income. I immediately thought about what personal finance advisor D Muthukrishnan recently shared. She didnt give her nod and reminded him that he has a 10-year-old sons further education to think of. . D Muthukrishnan is a Chennai-based certified financial planner (CFP). And then, for the bigger things in lifeto plan for your childs higher education, your own retirement, buying a house someday and so on. Articulating your VisionNavigating the RisksCreating a Legacy. Dibrugarh ADDRESS. The masseur agreed and started an SIP of 1,000. You know that we are completely against chasing performance. Not here to sell anything. Pay up abroad, but play around in India. Hence, apart from mutual funds, I post tweets on personal finance, Sanskrit and Vedanta. . He made the investment. 1 crore, with over 1100 live SIPs at an average of over Rs.9000 per SIP. . Chasers Are losers. Smart distributors have learnt to keep their costs low. He is famous on tweeter as Muthuk Sir. Thats just the average though; investors can invest as low as 10,000-20,000 too. 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. If you dont automatetheir savings, investing becomes impossible. Muthu has been periodically answering queries of the readers in a leading Personal Finance Magazine, Nanayam Vikatan. Comments have to be in English, and in full sentences. You would have invested in Rs.1 lakh in Janaury 2007 in Reliance NRI Equity. CapitaLand Investment Management (CLIM) has announced the distribution of CapitaLand Ascott Trust (CLAS) units to its shareholders. Neither Forbes nor SHOOK Research receives a fee in exchange for rankings. 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. Experts say that getting the small investor to invest is a tough job. They have not just established themselves as thought leaders but managed to get more than 10,000 followers. In 2007, he started a business that sold mutual funds. 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. : , 10 . 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!. D. Muthukrishnan. 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. 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. SIPs ensure this, he asserts. . 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. MUTHUKRISHNAN L WEALTH ADVISOR at GLOBAL FINANCIAL SERVICES Tamil Nadu, India. . At Sapient Wealth Management, we are in the business of simplify . I used to spend a lot of time on Twitter and still, I was not able to get a decent amount of followers. Financial advisor Brian D. Holmes founded SEIA, legally known as Signature Estate & Investment Advisors, in 1997, and remains its president, CEO and principal owner. @dmuthuk. . So, he joined a stockbroking firm in Madras Stock Exchange (MSE) which allowed him to read financial newspapers, business magazines and also interact with many investors. With all this hard work it took him almost two decades to reach the top of the pyramid from the bottom. Lived In Berkeley CA, Manhattan KS. My core client base is 155 families who account for 96% of my AuM. Your email address will not be published. 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. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. A candid investing chat with "Dr. Nugget" Muthukrishnan. Your financial success story can start today. Seeing some traction, I started sharing interesting articles I had come across. Smart distributors also focus on SIPs. Please abide by our community guidelines for posting your comments. 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. There are about 19 senior citizen clubs here. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. In 2010, I did some introspection and came to the conclusion that I had to change my strategy completely. He started his mutual fund distribution business in 2007. Lets say, a client is trying to sell his equity funds at the wrong time. 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? All content in Marketing Wiz is created by Wealth Forum and should not be construed as views of Kotak MF. We have managed to keep the lapse rate on our clients SIPs at less than 1 per cent, while a third of the SIPs in the industry stop within a year, says Muthu. @dmuthuk. But I dont argue if a client feels very strongly about a decision. 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. But there are many more gems one of them is D.Muthukrishnan. . Insurance will no longer be tax exempted if the total annual premium exceeds Rs.5 lakh. The latest Tweets from Freedom Wealth (@Wealth_Theory). 6 crores and a SIP book of Rs.5 lakhs. A registered investment advisor. Once, he says, a young couple came to his office to hire him as their financial planner. He has his own test to assess risk tolerance and keeps a hawk-like watch on new clients. , . Smart distributors have learnt to keep their costs low. As on December 31st 2016, by doing the above performance chasing, you would have ended up with Rs.1,47,704. We did a lot of this ourselves also. There's an extremely popular Twitter handle called @dmuthuk, a financial planner named D. Muthukrishnan. In the MF parlance, a retail customer is an individual whose investment and portfolio value is less than 5 lakh. 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. It is the duty of Advisers to educate and guide investors. ideas and articles on growth strategies. When Khatri opened shop in 1994 in Vashi, Navi Mumbai was a rising township. We take protecting your data and privacy very seriously. But most distributors start at a lower stratum of the investing population, which is the retail customer. 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. What I can't control, I don't want to worry too much about. In contrast to many advisors in the market, Rajaraman focuses more on asset allocation than on product advice. So, what are the perils of advising so many senior citizens, we ask? He handles the finances of about 300 families with 150 crore in AUM. 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. He also holds a MBA in Finance from IFMR ( Institute for Financial Management and Research). 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. Why Im restating the obvious? In fact, many people in my Vedanta and Sanskrit lists have approached me for financial advice. He also holds aMBA in Finance from IFMR( Institute for Financial Management and Research). Based on these, he builds an asset allocation plan. ; . (Check out wisewealthadvisors.com). Would suggest subscribing to Mutual Fund Insight. Passionate about personal finance, investments and financial independence. In fact, I hardly posted anything in the first year. D.Muthukrishnan (@dmuthuk) September 25, 2020. How D.Muthukrishnan and Mahesh Mirpuri gained over 10,000 followers on Twitter. Remove some to bookmark this image. Getting a clients asset allocation right is the key to investing success, believes Rajaraman K of RRK Advisory. We always stress on keeping things simple. 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. 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. Once you have the allocation right, theres not much that a single decision can impact a portfolio.. D. Muthukrishnan, Wise Wealth Advisors, Chennai In May 2015, Muthukrishnan became the first IFA in Tamil Nadu to achieve a SIP book of Rs. Your session has expired, please login again. Find contacts: direct phone number, email address, work experience. This will alert our moderators to take action. His monthly inflow through SIPs is 3 crore, every month. People like D.Muthukrishnan showcase that even if in the short-term we dont do something great in the long-term everyone can win with little patience and hard work. I tried to dissuade him but he wouldnt listen. While most advisors are yet to reach their first 1000 followers, these two IFAs have taken social media presence to a whole new level. He remembers one high net worth investor, who invested Rs 30 lakh in an Energy Fund in 2006-07. , . He has been periodically contributing articles and has given interviews inGokulam Kadhir,a Dina Thanthi Group Publication. The latest quarter tends to have missing data since not all companies may have reported their shareholding data . 12h Any good fund or fund manager or investor is likely to underperform for 3 or 4 years during a 10 year period. Khatri refused to divulge his AUM breakup. His investing philosophy is very well known to people and he has more than 247 K followers on Twitter. It is the clients money and I have to respect that. : . Generally, advisors tell investors that they can create alpha by selecting the best funds for them. Ranjan Muthukrishnan may also have lived outside of Los Angeles, such as Berkeley. The former chancellor is the first British PM who is a person of colour. 10+ . These are shares held by MUTHU KRISHNAN S as per the shareholding data filed with the exchanges. 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. Download The Economic Times News App to get Daily Market Updates & Live Business News. 500 crores by 2020. Shyam says he wanted customers to come in by the bus load, rather than trickle in one by one. Good Take Aways! 03. Let us assume you believed in chasing performance and investing every year in the previous year leader (the best fund in large cap category). I got in to Twitter 18 months ago and now have around 2000 followers. Nor does he take on clients who lack discipline. We dont get paid for activity, just for being right. Whenever we talk about value investor in India, the first name comes to mind is Warren Buffett or Rakesh Jhunjhunwala. Apart from some of these attendees, hopefully, becoming our customers, they would start their relationship with us not only with a good understanding of what they can expect from engaging with a financial planner, but also quite a bit about the process of financial planning and investing. Ashish startedout as a financial distributor in 2004 and now has over 3,500 families doingover6,000 SIPs through his firm. . My suggestion to advisors who want to increase their followers on Twitter is to be consistent in your posts. That is when Chadha realised that retail investors money is smaller but also stickier than what comes from large institutions. #ynr #welcome #oxynova An individual he personally knew, lost more than half of his wealth over the past few years trading in Futures and Options (F&O). How will it impact insurance industry. Do invest in right fund. cookies . 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. 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. A few months later, I found that many people had started following me. Prior to the distribution, CLIM owns 37.53% of CLAS and CLIM is going to distribute 8.48% of CLAS to shareholders. Usually, I allocate two-thirds of the investors portfolio to the home country and one-third to India. While studying in college, he got attracted to the stock market. 3Don't get confused with Budget 2023 proposals; These are income tax slabs to save tax for current FY 2022-23. 'IFA SUCCESS MANTRA' by Mr. D Muthukrishnan, Founder, Wise Wealth Advisors, Chennai He works mostly out of home. Getting a loyal following on twitter is every advisor's dream. His investments, which Venkatkrishnan has been managing, is now worth 27 lakh, she says with a wide smile. The typical retail investor rushes into equity funds in bull markets and abandons them when the tide turns. Venkatkrishnan, too, nudges her clients to enjoy their wealth. Initially, I did not have many followers. And then, some clients dont just ask for portfolio advice but for life advice too. I am also agree dont invest on NFO & sectoral. We look for long term performance, consistency, losing less in bear markets and ability to navigate multiple market cycles. Our clients entrust us with a minimum of $1,000,000 in investable assets. My comments were never just a couple of words of appreciation - rather they were insights I would share to add to what the blogger said or a difference of opinion, where I thought otherwise. We help you create a living legacy to carry out your vision. Only around 2% of investors remain invested beyond 10 years in a fund and reap the benefits of long term compounding. The story behind how these two IFAs came to rule the world of tweets. Written by: Alvin Chow. D.Muthukrishnan ( Muthu) is the founder of Wise Wealth Advisors He is a Certified Financial PlannerCM (CFPCM) and Personal Financial Advisor. Loreen Gilbert's Recognition Includes: L. L. In May 2015, Muthukrishnan became the first IFA in Tamil Nadu to achieve a SIP book of Rs. The 1000 rupee fee was never designed as a major income stream - it was a way to demonstrate seriousness and professionalism in our interactions. Muthukrishnan tells us his story, which should be an inspiration to all IFAs who find themselves today, where he found himself in 2010. At WealthWise Financial Services we navigate economic and market risks through a tactical investment philosophy and construction of core and satellite portfolios. They have taken a period of last 10 years, January 2007 to December 2016. 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. 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. 0.0 . In Navi Mumbai, we covered the adjoining areas of Vashi, Kopar Khairane, Airoli, Sanpada, Juinagar and Nerul," he says. I said, let big business come to me; I will spend time in chasing small business," says Chadha. Not always; some also nudge their investors to spend money. People liked my comments and clicked on my link, thus boosting traffic to my blog. Recently, a fund manager approached me telling he recognised me from Twitter. . D. Muthukrishnan, a Chennai-based certified financial planner, who manages assets worth 111 crore (as of end March 2016), gets inflows worth . Log in to our website to save your bookmarks. A few lucky connections got him started with managing the regimental funds of the President of Indias bodyguards (a corpus of about 10 lakh at the time), followed by the provident fund (PF) and superannuation trust of GE Capitals India unit (corpus of about 1-2 crore at the time), and later executing the trades of HSBC Indias PF trust. 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. Whenever I share an article or retweet someones post, I add a few words of my own. The Sunders had a plan. It is like entering a factory where everything is precisely the way it should be. Bengaluru is the information technology (IT) hub of India and the technology companies attracted young talent from all across the country. But well do it only rarely, purely based on requirements. Unlike people who quit banks to set up their IFA practice, I had no clients from my previous job to fall back on, due to my BPO background. What Our Readers Say. We encourage our clients to reflect on and articulate their vision, both personal and financial. Views are personal and are not recommendations. He started his mutual fund distribution business in 2007, and since 2017, his focus has been catering to existing clients. Meeting clients is important for her, so armed with her laptop, she leaves home at 10 am daily. Chadha was happy handling big money; clients were fewer but the corpus was bigger, which would lead to higher andwhat he thought at the timesteady income. development, success stories and industry updates. There are no charges once a prospect becomes a client, as I make it clear to them that I earn a trail commission. We create core fee-based portfolios with unconstrained weightings in sectors, market capitalizations and geographic location. He joins a national list of less than 25 IFAs who have achieved a SIP book of this size. Since 2017, he has been focusing on serving his current clients and not taking on any new ones. Do they want to buy a house? I frankly don't know how regulations will pan out in the coming years on revenue models.