THE BILLIONAIRE CODE

A spotlight on the real journeys, insights, and breakthroughs of trailblazing mutual fund distributors

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Welcome to the Billionaire Code podcast series where we meet select Mutual Fund Distributors (MFDs) who have accumulated assets under management (AUM) of over ₹100 crores and have been part of thousands of families' wealth creation stories.

In the second episode of the series, we met Mr. Bhoopesh Jain, who did his MBA in 2002, joined a corporate job, and after 18 years, in 2020, he decided to become a Mutual Fund Distributor. And in 5 years, he accumulated an awe-inspiring AUM of ₹1,500+ crores.

Edited excerpts from Mr. Bhoopesh Jain's interview with Mr. Rakesh Bhandari, Director, Nirmal Bang.

Rakesh Bhandari: I Read About You And Found Out That You Did Your MBA In 2002 And After MBA You Worked In A Corporate Setup For 18 Years. And 18 Years Later, At The Age Of 37 You Took This Decision That You Wanted To Become An MFD Now. What Happened? I Mean, Made A Lot Of Money. EMI Got Completed. What Happened? What Was The Reason Behind The Decision You Suddenly Took At Age 37?

Bhoopesh Jain: See, there can be many reasons but the thing is that when you start something, basically when you think of doing something, so there is some inspiration and all that. So in this 18-year journey I have seen that people have done extremely good in their career in terms of MFD, in terms of advisory. So I thought why don't we do something where we become personal advisors to people and become partners in their wealth creation, going forward. So, that was a thought that somehow I should take this to a different shape where my employees who have been with me... See, generally you will see MFDs in the market, so there is an individual approach, and a part-time approach. I wanted to change that thought.