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Abhilash talks about his financial planning journey

When I first decided to pursue MBA, I assumed it to be synonymous with 6 figure salaries. Well, I wasn’t wrong about that. Yet my life was a perfect live telecast of a “hands to mouth” living. I had no control over my expenses and at the end of every month, I had absolutely no idea where my money was being syphoned off to. Financial Planning was definitely not luring me enough. But somehow that wasn’t even bothering me. Maybe because I thought such is life for everyone who is approaching his late 20s.

This (Read: Mid 20s) is also a time in life when taking risks gives a lot of thrill. So I started investing in stock markets. I now realize I was betting on circumstances which I could not predict. But I think I was lucky since I had invested a small amount in 2 stocks. By the way, that was my only “savings cum investment” so to say. And oh, also the annual allocation I used to do for the 80C deductions.

Life went on and I forgot about the amount parked in the two stocks. On one such day, I met my friend Vikash who has started a wealth management company called CAGRfunds. As I told him about my inability to save, he told me about investing, mutual funds and the stock market. Boom. I just remembered my stock investments. I went home, logged on to the site and there it was. A substantial reduction over what I had invested. Complete disbelief overtook me.

So I called back Vikash and asked him about what should I be doing with my money. And that is how I started my investing journey with them. Vikash gave me the following two pieces of advice that day.

  1. Redeem all my stock investments. This was because I neither had the expertise nor the knowledge to identify and monitor the right stocks. And my portfolio pretty much made that clear to me.
  2. Start a small SIP.

At that point, I had no idea of what a mutual fund is or what does SIP mean. But the next few sessions with the CAGR team clarified a lot of misconceptions I had about “money” in general and at the same time, opened up a huge number of possibilities of wealth creation.

But that is not what I liked about them. It was the fact that they asked me to start small. Simply because I was new to this domain and they felt it was important for them to educate me along the way. Now, I have met a number of relationship managers from various banks, but no one has ever asked me to start small.

I, therefore, started with a small amount as my monthly investment. Within 6 months, I started a few more SIPs and then kept on adding to it. Life couldn’t have been this simple had it not been for the CAGR online platform ( Online investment, monitoring and redemption – all in just a few clicks. And because it is a few clicks, it is much easier to manage investments regularly. Although I pretty much manage my investments myself, I owe it to the CAGR team for making me more responsible and now wealthier.

The story has been contributed by Abhilash Sethi who has been a CAGR client for over a year now. Abhilash is a 28-year-old MBA graduate from IIM – Bangalore and is married to Rachana Dongre (also a CAGR client).

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2 replies on “Abhilash talks about his financial planning journey”

Sir I want to start investing in mutual funds by sip which are the best plans for investment please guide me

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