The problem is that retail investors have nowhere to go for financial advice
Over the last few months, a common question and concern from participants has been lack of access to a good financial adviser. Most people write in asking us to manage their money or refer a trustworthy financial adviser. A friend’s niece wanted to invest Rs30,000 per month in systematic investment plans (SIPs). She had some specific requirements and hence needed professional help. She had tried calling various advisory firms and independent advisers but none were interested in taking her as a customer. I also called some advisers but found that most of them had a minimum threshold requirement. Finally, one of my teammates spent time to understand her financial situation and helped her.
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