SUBSCRIBE NEWSLETTER
  • Change Language
  • English
  • Hindi
  • Marathi
  • Gujarati
  • Punjabi
  • Tamil
  • Telugu
  • Bengali
  • Business Development ‘MFDs should focus on finding a purpose in their profession’

    ‘MFDs should focus on finding a purpose in their profession’

    Prem Khatri, Founder & CEO, Cafemutual believes that adding value to clients life can help you achieve success in true sense.
    Kushan Shah Apr 10, 2024

    Listen to this article

    Success without purpose has no meaning at all, believes Prem Khatri, Founder & CEO, Cafemutual.

    He was speaking at the Cafemutual Ideas Fest CIF 24 on the importance of purpose in distribution business and how it can help an MFD become successful.

    Prem shared the anecdote of terminally ill patients who were asked about their biggest regrets in life. Interestingly, most of the regrets had nothing to do with money but were linked to having a purpose in life. The number 1 regret was: I wish I had the courage to live a life true to myself, not the life others expected me to lead.

    Other regrets included ‘I wish I had the courage to express my feelings’, ‘I wish I had stayed in touch with my friends’, ‘I wish I had let myself be happier’.

    So, very few people at the end of their lives, care about money, fame or power as much as they think that they will.

    Prem explains how MFDs also fall prey to a similar mindset where they make crossing the figure of Rs.100 crore in AUM as their benchmark for success but do not make the prosperity of their clients a purpose of their lives.

    He shared his belief that looking at the mutual fund business in this meaningful way can help MFDs serve their clients better and give them a better chance to actually cross their dream milestones.

     

     

    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

    Click to clap
    Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.
    1 Comment
    ramesh s iyer · 5 months ago `

    I am the sole (Direct) mandate to several genuine efficient providers for lease/sales BG/ SBLC and other financial instruments, at reasonable prices, Issuance by top AAA rated Bank in Europe.Issuing Bank: HSBC Bank London, Barclay's bank London, Credit Suisse and Deutsche Bank Frankfurt.Presently, we focus on BG/SBLC for Lease and Sale transactions, However, our Lease BG/SBLC is 3+(0.5%+X) and Sale at 32+2%. Should you find this interesting and acceptable? Kindly, contact us and we shall review and respond with DOA within 48hrs maximum. Please request for full procedure details if interested. For further inquiry contact:Awaiting your response.
    Best regards,
    RAMESH SUBRAMANIAM IYER
    Contact: rsi.leaseconsult@gmail.com
    Skype ID: rsi.leaseconsult
    Login or Sign up to post comments.
    More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

    Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.
    Cafemutual is an independent media platform and focuses on providing knowledge and information for the benefit of finance professionals. We do not promote any particular brand or asset category.