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These five MFDs – Nafees Ahmad, Opinder Jain, Partha Chattopadhyay, Ram Pratap Verma and Subhankar Show are the true ‘Financial Freedom Providers’ of India.
Groww Mutual Fund and Cafemutual have launched Financial Freedom Provider, a joint initiative which aims to recognize MFDs who have made a big difference in the lives of their clients and helped them attain financial freedom.
This is the final article in the series of three articles, which features 5 MFDs. Let us look at these stories.
Nafees Ahmad, Patna, Capstone Wealth Services
How SIP has helped a couple lead a debt free life
What if someone losses his/her job and still has to pay EMI. While this could be a crisis for many, the guidance provided by MFD Nafees Ahmad made sure that his clients were insulated from any problem. How?
The couple had started their SIP journey seven years before covid to save for rainy days. They started with SIP of Rs.15,000 and gradually increased it to Rs.70,000.
When the couple lost their jobs during covid, they were surprised to know that they had Rs.60 lakh in their MF folio. The couple not only closed their home loan, they have adequate money to manage household expenses.
Opinder Jain, Hyderabad, Telangana FinOptic Capital Services
A factory worker became crorepati
Becoming a crorepati is a distant dream for many. And for a factory worker who earns in four-five digits, it is even more difficult. But Opinder Jain’s client, Waseem became a crorepati under his direction. A factory worker, Waseem earned Rs.8000 when he met Opinder. The MFD recommended him to start SIP of Rs.2000 in mutual funds through SIPs. Waseem invested for 15 years without skipping a single SIP. Also, he increased his SIP with increase in income. After 15 years, he became a crorepati thanks to disciplined approach and handholding by Opinder.
Partha Pratim Chattopadhyay, Parents Financial Services, Howrah, West Bengal
Sabjiwali creates a good education corpus for her daughter through SIP
A woman who sells vegetable on thela approached MFD Partha Chattopadhyay to save money for her daughter’s higher education. She wanted to give her daughter a good education so that she could set her free from poverty.
Partha recommended her to start SIP with Rs.500. After 16 years, the client accumulated Rs.13 lakh, which she will utilize to fund higher education of her daughter.
Ram Pratap Verma, Agra
SIPs can make people self-reliant
We all have heard about achieving financial goal through mutual funds. But have you heard that mutual funds can create employment for people. This happened when Ram Pratap’s client Namrata Mishra approached him to seek help to create a corpus to become self- reliant. Despite having very little disposable income, she managed to invest Rs. 2,000 monthly. After continuing her SIP for 7 years, she created a corpus of Rs.5 lakh. Today, she has started her own kirana shop (grocery store) thanks to her investments in mutual funds.
Subhankar Show, Durgapur, West Bengal
Fish seller gets his dream home
Owing a house is a dream of every Indian. A client who sells fish for living came to MFD Subhankar with this dream but he did not have money to invest. Subhakar recommended him to increase his working hour and have a target of investing Rs.500 per month in mutual funds. On his advice, he started investing Rs.500 and gradually kept increasing it to Rs.7000 per month. After 9 years, the client withdrew Rs.14 lakh from his MF folio to build his own house.
