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How are CAGR’s lawyer clients successfully managing to stay on top of their finances?

sip vs lumpsum

Lawyers are known to have extremely busy lives. With multiple cases lined up across various locations, most of their time is spent either travelling or reading tons and tons of case laws. This leaves them with very little or no time to manage their wealth. As a result, a large sum of money is almost always lying in the bank or traditional investment products such as Fixed Deposits.

How do these lawyers then stay on top of their finances?

At CAGR, we spoke to several lawyers to get their view on this subject. We received some interesting insights about professionals who are extremely busy with their work and have little time to spend on growing their wealth.

  • Nature of work is such that it demands substantial amount of time to be spent on professional requirements
  • Have some knowledge about financial assets such as mutual funds, but have little time to spend researching on the same
  • Automated digital platforms to start investing are convenient, especially if transaction time is reduced to a few seconds
  • Have an extremely high need for developing a trust based relationship with their financial planner who can cater to their queries and requests real time

With several lawyers as our clients, we have experienced the enough elements time and again. And delivering on requirements such as above has been the DNA of CAGR’s offering. In our view, lawyers need a good mix of hand holding and quick processing. Neither do they have the time to research on various investment instruments, nor do they want to spend time in transaction formalities. A trustworthy and seamless investment experience is a core requirement. In addition, every now and then we have received a Whatsapp message with a quick query about a lesser known investment instrument and a quick take on whether the concerned client should invest in the same. In our experience with lawyers, a seamless digital platform is only a hygiene factor. The reason our clients have loved us so far is because of the customized and hybrid model that we offer. Anytime Anywhere – Let us Grow Together!

Call / Whatsapp us on +91 97693 56440 for a FREE financial consultation!

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The CAGR team has ensured that my money is always invested in the best funds

I have been earning, since I was quite young. Since, I was living at home at that time, I started investing in mutual funds. My mother then told me the basic mechanics of it, which I understood. But I never had the bandwidth to get into the real details. At that time the mutual fund market was beginning to sky rocket. I entrusted the money to be invested at a major International bank, the same bank my mother banked at.

After a period of interest that I had at the beginning, I really stopped tracking my investments. My relationship managers changed often. Periodically they would let me know that my wealth was x amount, or that the recession was hitting and would affect investments. But I just went with what they were recommending. In any case, my attention was diverted to my MBA, my first job. Any surplus monies was going to be used to pay back my education loan.

One day after my education loan was over, I went back to the bank and asked them what I should do with my surplus money. They recommended some investments, and I continued investing with them. I had some trepidation this time around, because many many relationship managers had changed hands over the years. And the advice they gave me didn’t quite fit in with how I understood the financial market worked.

It just so happened that around that time a colleague of mine introduced to CAGRfunds. I met the two of the founders, and told them about my past investments. They were a small team, and I felt no harm in sending my portfolio and getting it audited for free.

When I received the details from them, I realized that the annual return of my investments at the bank was something near 6-7%, not at all what I expected (I was receiving more than that in fixed deposits!). CAGR also pointed out that I was invested in a lot of thematic funds which were doing well when I invested in them, but had been languishing in the years post that.

I took this information back to the bank and they told me something that shook my confidence in them. To my shock I realized that none of them were tracking it. Later, I understood that banks are interested in getting you to invest, but not in managing your portfolio after the investment was made.

I quickly realized that I needed someone who looked into the portfolio regularly. I asked the team at CAGR to figure out a new investment plan for my surplus cash.

They came back quite quickly with a clear plan of action. I started small, but over a period of time have invested regularly with them. They keep in touch with me quite often, poking and nudging me when I’m ignoring my investments. They give me sound and sensible advice, and reviewing my portfolio periodically. I especially like the fact that they take care to explain the logic to me point by point, even when I’m asking ridiculous questions. I’ve been a CAGR client for 18 months now, and the portfolio with them has far exceeded my expectation from the market, and has left my investments at the multinational bank in the dust.

Since that time, I’ve also recommended CAGR to several people. One of them a close friend of mine was given the financial advice not to invest, and pursue her dreams to study abroad. They created a robust financial plan for her, despite the fact that their advice meant that they earned nothing in the process. I was convinced the people at this company were not after short term financial gain, but rather genuinely had their clients’ best interests at heart.

I would whole heartedly recommend CAGR to any investor. Whether you’re savvy and have everything figured out, or are just a beginner, these guys are the guys to work with for your investment needs. If you believe that the foundation for a company taking care of your investments is trust and empathetic understanding, and CAGR is the place to take your worries too.

Story has been contributed by Ronaan Roy who has been a CAGR client since January 2016. Ronaan is an MBA graduate from IIM – Indore. 

Call / whatsapp us on +91 9769356440 for a free financial consultation!

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I started my mutual fund SIP in just 2 clicks.

Investing in mutual funds has never been new to me. I have always liked to think about creating wealth over the long term. Hence it has never been difficult for me to understand this space.

I have been investing in mutual funds through small SIPs ever since I started working. But after I got married, I wanted some second opinion on creating a well – diversified portfolio for some lump sum amount that I had in hand. That is when one of my friends who also happens to be a CAGR client introduced me to the CAGR team.

They came to my place and we had a very casual yet candid conversation. I told them about my current investments and further requirements that I had. Instead of right away jumping to recommending what funds I should be investing in, they insisted that we talk about goals in general. Since I was just married we did not have much beyond wanting to buy a property a few years down the line. I liked how they don’t talk like typical financial planners or mutual fund agents.

They first explained the basics of financial planning, why ULIPs are not a recommended product (relevant since my husband was invested in a few ULIPs) and then gave a brief of what they do. They showed me their online platform and detailed the advantages of investing online.

Now, I was already investing online. But I still had to resort to different websites and different documents to analyse my portfolio on a whole. Whenever I wanted to check how my portfolio was doing, it seemed like an exercise to me. This is where I got sold to CAGR. They have an amazingly convenient platform where most things happen in just a few clicks. Just as an example, I literally started a portfolio of monthly SIPs in just 2 clicks. While the transaction experience is smooth, it is also quite easy to track the portfolio. Everything is at one place. All I need to do is login to see how much money I have made and what the return is like. I never have to search for multiple statements and spend time on consolidating the data.

For me, the convenience they offer is what appeals to me the most. Also, they are very approachable and available whenever needed. So whenever I have a clarification about anything to do with money, I know which number to dial. While I am all in for digitization of services, I feel that having a face to talk to always helps.

Story has been contributed by Aditi Bajpai who has been a CAGR client since January 2017. Aditi is an MBA graduate from IIM – Raipur and is married to Karan Jenaw (also a CAGR client).

Call / whatsapp us on +91 9769356440 for a free financial consultation!