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As independent professionals, MFDs work without the support structure found in corporate settings. Cafemutual bridges this gap by providing updates on the mutual fund industry, sharing stories of other MFDs and keeping MFDs updated on regulations.
As Cafemutual completes 14 years of bringing news and knowledge to mutual fund and investment professionals, we spoke to four MFDs who explain how Cafemutual is helping the distributor community to grow business.
Pune MFD Balvir Chawla of Finnovators Services
Balvir Chawla believes that since MFDs are often solopreneurs, the motivation that comes with a traditional corporate setup is not there. Cafemutual helps in this regard by bringing in new stories that cover innovation from other MFDs.
Balvir also appreciates it when Cafemutual provides an unbiased view of data, with no underlying motive to push products, instead just reporting on the facts.
Mumbai MFD Ritesh Sheth of My Fund Guide
Ritesh Sheth concurs with the motivation factor, stating that hearing success stories can be a great motivator. Hearing a story of a distributor in a rural area of India achieving success with an SIP drive can reach across the country, inspiring MFDs from both rural and urban areas.
He also credits Cafemutual for facilitating networking opportunities. Through these networking opportunities, he has even managed to meet people he came to know of through a Cafemutual article and built profitable associations.
Pune MFD Santosh of Money Lancer
In his experience, Santosh says Cafemutual gives authenticity and trustworthy information which helps MFDs explain trends to investors without any bias.
He also credits reliability in providing current regulatory updates, ensuring that MFDs stay on the right side of SEBI.
Dharwad MFD JB Sudarshan, Independent MFD
JB Sudarshan has won Cafemutual’s Big League award twice for his contribution to the mutual fund industry in south India.
Once news of this award spread through Cafemutual, many of his fellow MFDs were inspired into making their firm more innovative and client friendly; it also led him to many client referrals.
