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Tarraki Corner Amravati based distributor pulls off another feat, initiates SIPs worth Rs.14 lakh in a single day

Amravati based distributor pulls off another feat, initiates SIPs worth Rs.14 lakh in a single day

Mahesh Gattani, the man who activated 500 equity SIPs in a single day last September, has initiated 95 SIPs amounting to Rs.14 lakh in a single day.
Nishant Patnaik Mar 9, 2018

Amravati based IFA, Mahesh Gattani of Balaji Investments, has launched his new SIP drive on International Women’s Day.

Mahesh, who activated 500 equity SIPs in a single day in September last year, has pulled off another feat again. He has initiated 95 SIPs, amounting to Rs.14 lakh in a single day. The average ticket size of these SIPs is close to Rs.15,000 per month with a minimum time horizon of 10 years.

Wanting to best his own record of 500 SIPs, Mahesh decided to set another record; however, this time in absolute terms. Though he had a target of Rs.25 lakh for this SIP day, he managed to get SIP applications of Rs.14 lakh. He said that a few investors backed out due to the sudden downfall in the markets.

Narrating the story on how he achieved the Rs.14 lakh record, Mahesh Gattani said that he and his colleague Roshan approached existing clients and a few prospective ones to initiate SIPs. “Most of our clients whom we approached were waiting for correction to enter the markets; they got an opportunity to invest in equity funds after the recent downfall. However, we do not believe in market timing; instead, we encouraged them to invest in mutual funds through SIPs. We showed them the significance of rupee cost averaging and a chart highlighting why SIPs are a better way to create wealth than lumpsum investments.”

He further said, “Of the total 50 clients, we have got 15 new clients through referrals. Seven of them are women. We encouraged all these clients to initiate their SIPs on Women’s Day for their daughters and wives.” Mahesh said that most of his clients have started SIPs to financially secure the future of their wives and daughters.

With this, Mahesh Gattani’s total SIP book has crossed the milestone of Rs.1 crore a month to reach Rs.1.03 crore a month.

Mahesh and Roshan started the day at 9 am. Before 3 pm they had executed the SIPs, thanks to technology. Mahesh ascribes the success of March 8 SIP day to the use of NSE NMF II.

 

11 Comments
Rajesh Sharma · 4 months ago
Congratulations Sir ... Great achievement ...
Priam Umalkar · 4 months ago
Great Work Sir, Congratulations
Ajay Jain · 4 months ago
Congratulations Mr Gattani. You have set mile stone for many of us. Yes , it became possible because of technology and your and your team's wilfulness.
We are looking to see you with more milestones. Keep it up.
Ajay Jain · 4 months ago
Congratulations Mr Gattani. You have set mile stone for many of us. Yes , it became possible because of technology and your and your team's wilfulness.
We are looking to see you with more milestones. Keep it up.
SANDHYA KUMARI · 4 months ago
GREAT,Congrtulation
SIVA SANKARARAO · 4 months ago
Great Work Sir, Congratulations...
Nikhil Lotankar · 4 months ago
Congratulation sir.. You have created a benchmark for us. You have mixed personal relationship with your clients and use of technology to achieve this feat. Kudos
Nidhi Bansal · 3 months ago
Congratulations on the achievement. What is NSE NMF II. Can you guide me also please.
Mahendra Chand singhvi · 3 months ago
Congratulations sir it is really a great achievement
Mahendra Chand singhvi · 3 months ago
Congratulations sir it is really a great achievement
Priyanka Wani · 3 weeks ago
Very well done sir, congratulations to you. Your efforts are highly appreciated.
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