How OP Katta started with a few SIPs in mutual funds and made a few crores in 13 years

Katta had always been a real estate investor. He believed that it was the safest asset to bet on. In December 2007, Katta met his mutual fund advisor for the first time and understood the concept of mutual fund investments. He still remembers aski...

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Share market mein paisa dooba jata hai

That was OP Katta’s reaction when a friend asked him to start investing in mutual funds and insisted he meet an advisor.

"The moment my friend advised me to invest in mutual funds, my response was, share market mein paisa doob jata hai. But my friend insisted that I should at least meet Ashish Modani and understand what it is all about," says OP Katta, then a 47-year-old businessman.


Ashish Modani is the founder of SLA Financial Soulutions, a Jaipur-based wealth management firm.

Katta had always been a real estate investor. He believed that it was the safest asset to bet on. In December 2007, Katta met his mutual fund advisor for the first time and understood the concept of mutual fund investments.

He still remembers asking Modani, his mutual fund advisor, " paisa doobega toh nahi?"
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OP Katta started investing in mutual funds via SIPs in December 2007. He knew nothing about markets or mutual funds and how they function. Immediately after he started investing, he witnessed the market crashing in January, 2008. Like many investors, he used to call his advisor many times.

"I remember calling Ashish multiple times and he would ask me to stay calm and be patient. He used to remind me that I had invested in mutual funds for a long term." Katta followed the advice and continued with his investments while the market fell from 21,000 to 8,000.

However, it was not a smooth sail. Katta says he got scared in the 2012-13 period when even after five years, his returns were low. "I was discouraged by the low returns my investments were giving even after five years. It was during that time, I needed the advice and confidence of Ashish the most. Had he not convinced me to stay calm, I would have taken my money off the table," Katta says.

Post 2013, my confidence started growing and I learnt to avoid the noise in the market. Now, Katta meets his mutual fund advisor once a year to take stock of what has happened to the investments. During these annual reviews, Katta usually increases his SIP amount.
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"I increase my investment amount every year. Sometimes, it would be a marginal amount and some years it would be a major amount. As time passed, I never realised how a small amount of SIP grew to a considerably large portfolio," says OP Katta.

He says he still wonders how he accumulated such a big amount by investing small amounts every month. Katta says that he has learnt the art of regular savings and it was a game changer. He says he has also inspired his children to save and invest regularly.
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OP Katta saw the downs of 2008 and well as the highs of 2016 and is unfazed by the current market. He says that he has learnt it through experience that the markets won't stay where it is today and that's the good and the bad news. Katta says since he has managed to create a corpus of a few crores, it gives him lot of confidence.

"I have never withdrawn even a penny out of what I have been investing and have been getting good returns on it. But the fact that I can get through any financial issues in my life because I have money is empowering," Katta says.

OP Katta says he never misses an opportunity to ask his friends to diversify their assets instead of investing only in real estate. He also speaks to everyone about SIP. Katta says more people should know about mutual fund investments.

"My friends and relatives of my age group do not have a reasonable amount in financial assets. They share their concern as real estate is down and they are not able to create any liquidity for themselves. Systematic Investment Plan is now a part of my family’s way of saving. I tell everyone around me to use it to their benefit," says OP Katta.
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