Best Financial Advisors in India | Fee-only | Zero Commissions

Finance For Beginners

TL;DR: Fee-only financial advisors are a rare breed of financial advisors. Unlike 95% of the advisors out there, they don’t work on commissions. These commissions cause a significant dent in your overall long-term wealth. This page here lists all known fee-only financial advisors in India. In case you happen to find someone who isn’t on the list, drop a note so they can he added.

What’s behind the claim that ‘Fee-only financial advisors’ are the ‘best’?

My last post, spoke about why fee-only financial planners are so rare, and the advantage which Direct plans have over Regular plans. The deceptively named ‘Regular plans’ have middlemen involved. They eat away at small portions of your wealth in the form of commissions. In 2018, middlemen made an incredible 8500 crores in commissions.

However, since there are no middlemen involved in Direct plans of mutual funds, they generate more returns for investors.

Almost all of financial advisors in India are commission agents. However, a tiny percentage of advisors stay away from the lure of commissions and hence provide advisory with only the clients’ needs in mind. They are referred to as ‘Fee-only Financial Advisors’ in India. And they only invest your money in Direct Mutual Funds.

I claim them to be the best because they’ve made a conscious choice to not work on commissions, despite their lure being rather strong. This in itself is commendable and makes them worthy of being called the best.

You can find your own financial advisor by searching online for ‘Fee-only financial planners’ or ‘Fee-only financial advisors’.

List of known fee-only financial advisors in India

Here below is the latest list of all such commission-free, fee-only financial planners I’ve stumbled across so far. Before proceeding to contact them however, you should read the FAQ further below.

Here’s the full list.

Use the search bar to filter for city & state.

NameSiteCity, State
Abhishek KumarSahaj MoneyDelhi
Amit KukrejaWealthbeing AdvisorsGurugram, Haryana
Atul MishraAmigo Financial ServicesMumbai, Maharashtra
Avinash LuthriaFiduciariesBangalore, Karnataka
Basavaraj TonagattiBasu NiveshBangalore, Karnataka
Brijesh VappalaBvare Financial Planners and TrainersPalakkad, Kerala
Chandan Singh PadiyarPadiyars Financial AdvisorsPune, Maharashtra
Deepesh RaghawPersonal Finance PlanMumbai, Maharashtra
Dev AshishStable InvestorMumbai, Maharashtra
Devendra NegiNegi FinancialDehradun, Uttarakhand
Jitendra SolankiJS Financial AdvisorsGhaziabad, Uttar Pradesh
Melvin JosephFinvin Financial PlannersMumbai, Maharashtra
Piyush KhatriSahastha Financial ConsultantsHyderabad, Telangana
Prakash PraharajMax Secure Financial PlannersMumbai, Maharashtra
Preeti Zende
Apana DhanMumbai, Maharashtra
Satheesh KannanFinintellectBangalore, Karnataka
Shashi SinghFin MynChennai, Tamilnadu
Shilpa WaghWagh FinancialsMumbai, Maharashtra
Soubhagya Kumar PatraSuccinct Financial PlannersBangalore, Karnataka
Srinivasan S RSrinivesh AdvisorsBangalore, Karnataka
Sriram JayaramanArtha GyanBangalore, Karnataka
Sudheer MPrasidhi Financial SolutionsBangalore, Karnataka
Suresh SadagopanLadder7 Financial AdvisoriesMumbai, Maharashtra
Swapnil KendheVivek TaruNagpur, Maharashtra
Upasana MondalDream BlueprintzBangalore, Karnataka
Urmil TrivediRichesse Infinite WealthAhmedabad, Gujarat
Venkateshwaran SubramanianBegin FinancialNashik, Maharashtra
Vikram KrishnamoorthyInsighfulCoimbatore, Tamilnadu
Vipin KhandelwalUnovestMumbai, Maharashtra
Viresh PatelViresh Patel on LinkedInMumbai, Maharashtra
Vivek S.GWealth CraftsBangalore, Karnataka


1. Are these the only Fee-only financial planners in India?

Perhaps not. If you are yourself a fee-only financial planner, or know someone who is, please write-in so I can include them in this list.

2. Can I trust them with my wealth and goals?

I would vouch whole heartedly for them.

But you still need to have a good understanding of the fundamentals of finances. Why? Because just because they’re good and honest, it doesn’t mean they can create money out of thin air. For example, you might look at a mutual fund’s 5-year return and assume that that’s how much the fund grows every year. But that’s not how it works.

I’d highly suggest reading up on the fundamentals first from this book here. If you’re not a reader, try and attend the weekend workshop in Bangalore. Details about those here. The program also teaches about what to look for in a financial advisor.

Investing is certainly not a one-size-fits-all strategy and a lot will depend on how comfortable you are in your interactions.

But, the very fact that these folks have stayed from the lure of high commissions speaks volumes about their principles. I have personally interacted with some of them from the list, and I’ll gladly hire a fee-only financial advisor any day.

3. Does the location of the fee-only financial Advisor matter? Should I only look for one in my city?

Almost all investing now occurs online, so the physical location of your advisor does not matter. If you fail to find one in your city, you could always get onto Skype calls with any of them. I’m sure they’ll oblige. You may have to do some one-time offline work in your city; like submission of CKYC documents and the like. But you certainly don’t need your financial advisor physically with you for such tasks.

4. What do I need to know before approaching ?

The first thing you’ll need to know are your goals and life’s milestones. What you invest in and where you invest, depends a lot on how close your life’s milestones are. So, a clear idea of your life goals will help not just you, but also your financial advisor in creating a better plan.

Other than this, I’d strongly recommend that you pick up the fundamentals of this field. Take THE MONEYPLANTING QUIZ and your score will tell you how well you know your finances.

5. What is the reasonable fee to pay for a fee-only financial advisor?

As you’ve probably already read on many of my posts here, it is indeed possible to loose lakhs to commissions-based funds. This is the reason why you’ll easily find financial advisors who won’t charge you any fees — because they know that via commissions, they’ll make far more money off you, than what you’d ever be willing to pay.

When it comes to fee-only financial advisors, I’ve never known one who charges unreasonably. So in a way, currently their services are worth no matter the fees charged. Bear in mind, that they’ve already consciously chosen to not nibble away at their clients’ wealth. So interact with a few and see who you are comfortable with. That should give you a fair idea of pricing.

You can always change your financial advisor if you are truly unhappy, because you arent tied down. All your investments will be under your name and held directly.

I’ll add more FAQs as they occur.

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For now, Good luck and Happy Moneyplanting.

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