If one accepts initiation from a bona fide spiritual master but continues to perform material activities, are they still bound by the karma?

Expressions researched:
"If one accepts initiation from a bona fide spiritual master but continues to perform material activities, are they still bound by the karma"

Festival Lectures

He has to do everything under the instruction of the spiritual master. That is his duty. Śiṣya. Śiṣya means who voluntarily accepts disciplinary measures from the spiritual master. He's ruled by the spiritual master.

His Divine Grace Srila Sac-cid-ananda Bhaktivinoda Thakura's Appearance Day, Lecture -- London, September 3, 1971:

Devotee: If one accepts initiation from a bona fide spiritual master but continues to perform material activities, are they still bound by the karma?

Prabhupāda: He has to do everything under the instruction of the spiritual master. That is his duty. Śiṣya. Śiṣya means who voluntarily accepts disciplinary measures from the spiritual master. He's ruled by the spiritual master.