Why Rahul Gandhi’s funding advisor refused to change into India’s largest mutual fund distributor
“After 2017, I assumed sufficient and determined to retain solely present purchasers. Many well-to-do individuals endured with me to take them as purchasers. I can undoubtedly earn 10 occasions extra…change into the biggest particular person distributor within the nation. I mentioned no. I’ve respectable wealth and let it develop. That is ok,” the widely-followed AMFI-registered mutual fund distributor wrote in a submit on X.
Muthukrishnan began his mutual fund distribution enterprise again in 2007 and stopped taking in new purchasers in 2017. “I’ve stopped including purchasers for the final 10 years. Consider it or not, I am extraordinarily content material with what life has given me,” he mentioned in response to a X person who claimed that he could get extra purchasers after revealing that he handles Rahul Gandhi’s investments.
No favours, No requests
Dhandapani added that some mutual fund distributors have requested him methods to take care of VIP purchasers. He suggested that they need to simply follow the skilled course of and work together properly, be it Rahul Gandhi or some other VIP shopper. “I’ve interacted with Rahul lot of occasions within the final 14 years. I’ve by no means sought something, even a smallest profit from him. I am going to follow skilled dialogue. Then we’ll typically chat about normal issues for some time,” he mentioned.
The mutual fund distributor added that if an individual needs to be revered and handled as equal, then he shouldn’t count on something from anybody, extra so with highly effective individuals. He mentioned that that is doable if the individual believes that he’ll get what he’s destined to.
Not going to share any private particulars. Simply need to spotlight how notion is completely different from actuality. This isn’t to help any political social gathering or chief. Wish to let issues aren’t as they give the impression of being.
In 2013, my shopper who was professionally working for Rahul Gandhi…
— Muthukrishnan Dhandapani (@dmuthuk) Might 10, 2026
Rahul Gandhi on Sunday took to X for a witty reply to Dhandapani’s lengthy submit, through which the monetary planner praised the Congress chief’s capability to distinguish skilled service and political opinions. “I have been a powerful Modi supporter from 2014 to 2024. By no means as soon as Rahul or his workplace workers introduced that topic to me. I consider my tweets are frequently seen by his workers. They clearly differentiate between my skilled service and political opinions. And in each single dialog I’ve with Rahul, he addresses me with respect and by no means behaved in any haughty method. Regardless of understanding my BJP help, he took my enter few years in the past for selecting a key skilled,” Dhandapani had written in his submit on X.
Not going to share any private particulars. Simply need to spotlight how notion is completely different from actuality. This isn’t to help any political social gathering or chief. Wish to let issues aren’t as they give the impression of being.
In 2013, my shopper who was professionally working for Rahul Gandhi…
— Muthukrishnan Dhandapani (@dmuthuk) Might 10, 2026
He claimed that mainstream media and IT cells of events could make somebody look utterly inhuman, including that Rahul Gandhi respects professionals and appears to be a pleasant human being to work together with.
Rahul Gandhi’s reponse
After his submit attracted sturdy responses from BJP and Congress supporters, Rahul Gandhi took to X to answer, “Muthu ji, your political opinions are your individual – however please do pace up the returns on my investments.”
Dhandapani, in return, mentioned that he’s “pleasantly shocked” with the opposition chief’s response.
(Disclaimer: Suggestions, solutions, views and opinions given by the consultants are their very own. These don’t symbolize the views of The Financial Occasions)
