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On the eve of Independence Day, Bhubaneswar MFD Sudhansu Mohapatra of Subham Capital took a pledge to help retail investors attain financial freedom through SIPs. The MFD ran a SIP drive on August 14 in which close to 220 investors started 550 new SIPs in a single day.
Sharing the rationale, Sudhansu said that he wants to make every Indian achieve financial freedom through SIPs. “While AMFI is doing its bit through MF Sahi Hai campaign, we as responsible MFDs should help retail investors become financially independent through mutual funds. And SIP is the only way to achieve it.”
It started a few months back when Sudhansu conducted investor awareness sessions for salaried individuals at different offices. He received queries from participants on how to become financially independent. “Most participants have debt through loans. I told them to set aside a small amount every month and invest in mutual funds through SIPs for at least five years to clear debt and achieve financial goals.”
Sudhansu took them through the benefits of investing in equity funds through SIPs. Overall, close to 100 new investors participated in his SIP drive.
Sudhansu also met his existing clients to conduct investment review meetings where he also ascertained if there had been a change in their financial situation or life goals. He suggested them to start new SIP in mutual funds to deal with rising inflation and change in lifestyle.
Sudhansu also received interest from children of existing clients. He met these millennials clients and recommended them to start early to achieve financial freedom by 40.
Overall, 220 investors started SIP in equity funds for at least 5 years amounting to Rs.18 lakh in a single day.
