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Chennai MFD association, IFA Galaxy recently held the 13th Annual Knowledge Summit at Taj Coromandel, Chennai. More than 500 MFDs from 10 states and close to 50 cities attended the summit.
Addressing the attendees, Mohsin Bijepuri, President, IFA Galaxy said, “Themed ‘Key is Me’, the summit has helped our MFD friends to develop the mindset and skillset required to succeed in this dynamic world.”
The summit hosted over 25 speakers who shared insights on host of topics:
The who’s who of the industry
The summit invited top fund managers, senior MF officials and CEOs like Aashish Somaiyaa of Whiteoak Capital MF, A Balasubramanian of Aditya Birla Sunlife MF, Navneet Munot of HDFC MF and Nilesh Shah, MD, Kotak MF.
Here are the three key learnings from the industry stalwarts.
- Follow the formula Sound Investment + Time + Patience (STP) to simplify wealth creation for investors
- Expand your reach by focusing on getting one reference from each client every year
- Instead of talking about markets, inculcate long term investment discipline among clients
Renowned MFDs/RIAs
The event also hosted renowned MFDs/RIAs who shared their experience and business lessons. Here are the top three lessons:
- Aim to grow your AUM in line with the overall AUM growth of the industry. If you grow less than the industry, it hints that something is not right and requires a corrective action
- Set up a standard operating process so that your business runs smoothly even if you or any team member is not around
- Tell your clients in writing about the value addition that you bring to the table
Outside speakers
Sudhanshu Mani, Indian Railway Service of Mechanical Engineers, Retired General Manager, Integral Coach Factory, Chennai, Janaki Sabesh, Chief Fun Officer, Golpo Tales and Lieutenant General A. Arun shared some meaningful and timeless lessons.
- Integrity is of utmost importance and forms the pillar of business growth and longevity
- Listen to yourself and believe in your capabilities to march your way to success
- Break the hierarchy at office to build a positive and encouraging work environment
Describing the event to be a blockbuster, Mohsin said, “I congratulate every committee member who has put in tireless efforts to make this event a big hit.”
Apurvaa R Bhat, Secretary, IFA Galaxy added, “I attribute the event success to every MFD participant and wish them all the best to unlock business success through the most coveted key i.e. they themselves.”
