Building a client base of 500
  • Ashish Shah
  • January 20th, 2021
  • Bhavnagar
  • 1018
  • 14

I am from Bhavnagar. I have done my masters in economics.

I joined Aditya Birla Sun Life insurance as an agency manager in august 2004 and after  building a good team of advisors and several promotions, I became branch manager for the same branch.

I left the job in December 2017 and started financial distribution business with Mr. Hitesh Maluka. Hitesh was an MDRT insurance advisor.

Initially, we started from a rented office and started to create an awareness in our existing clients about our new work. Clients also welcomed us with all their heart, and not just sips or mutual funds, but they also gave us their health insurance and car insurance business.

At present we are serving 500+ clients across all business lines. Over 400 of them are MF clients of which 280 clients are SIP clients and they are contributing for 32 lacs sip book with 700 running sips. Currently we are at 25 crores of AUM.

We believe that still the rural markets are starved of good and effective distribution services, especially in the times where rural economy is rallying very well.

To cater to that part of economy, we have recently formed FINCIPLINE Moneymart Pvt. Ltd. and we are planning to shift from individual code to corporate code.

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