The MF industry has two new SIP heroes - MFD Ravindra Kumar Dubey from Uttar Pradesh and MFD Vinod Kumar Maheshwari of Totla Investments, Rajasthan.
What Ravindra and Vinod share in common is their perseverance and never say die spirit. Both MFDs have conducted SIP drives in the past but missed on hitting a century. They finally booked more than 100 SIPs in their recent drive.
This is how the two new heroes achieved this.
Ravindra Kumar Dubey, Jaunpur, Uttar Pradesh
“I derive inspiration from success stories published by Cafemutual”, said Ravindra who booked 101 SIPs on 12 Oct 2021 amounting to Rs. 1.2 lakh.
He approached his existing clients who stopped their SIPs in the past three years and scheduled one-on-one meetings to understand their concerns.
Ravindra explained to them the power of SIPs in mutual funds and showed them how much corpus they could have accumulated if they had continued their SIPs. He also recommended them to restart their SIPs to achieve long-term financial goals.
Overall, 55 investors participated in the drive.
Vinod Kumar Maheshwari of Totla Investments Jaipur, Rajasthan
Vinod booked 151 SIPs on 14 Oct 2021 to the tune of Rs. 2.50 lakh.
Vinod made a list of all those clients working in large corporates and did not increase SIP for the last two years. He met them face-to-face to explain the reason for increasing the SIPs in mutual funds.
Vinod also met prospects through referrals. He numerically explained the importance of investing in mutual funds for creating inflation-adjusted returns.
“People usually buy gold during Diwali, however, gold as an investment may not generate higher returns when compared to mutual funds,” said Vinod. He further added that people normally get busy during festivities and may not be open to exploring newer ideas. Hence, Vinod themed his drive ‘Ye Deewali SIP Wali' and executed it before the festival.
The drive received the participation of 100 investors including 45 new investors.
