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  Thank you Bharat, from the bottom of our hearts!
We received a lot of positive feedback on our recently concluded 8th annual Wealth Forum Platinum Circle Advisors Conference. But this mail from Bharat Phatak is really special for our team at WF. Thank you Bharat, from the bottom of our hearts!

Value of Good Advice: 4.95% p.a.
We are very happy to share an industry-first initiative: the Wealth Forum MF Advisor Alpha Report 2017

  SEBI’s new RIA proposals humiliate MFDs
SEBI’s latest RIA proposals announced yesterday finally recognize the importance of maintaining product suitability responsibilities with MFDs, but strangely conclude that they cannot offer incidental advice anyway – which violates clearly established IOSCO principles. Its latest salvo completely ignores all the recommendations of its own International Advisory Board. And the unkindest cut of all is a new fatwa that distributors must declare to their clients – at the time of executing every transaction – that they may not be acting in their clients’ best interests. This is plain defamatory and humiliating.

3 diverse views on the industry’s No 1 issue
FinalMile says young investors don’t want to engage with mutual funds – they don’t find them relevant in their lives, and yet the industry is trying hard to engage with exactly this audience. The fund industry is growing strongly, yet its penetration into households remains in low single digits. What is the way forward to make meaningful inroads into the MF industry’s No 1 issue: retail penetration? This was the subject of an engaging panel discussion at FIFA’s recently concluded annual conference. Three diverse views were discussed, by three industry experts. Which one seems the best way forward? Read on and decide for yourself.

  70% investors say they will go direct, but....
At the recently concluded FIFA annual conference, FinalMile gave a curtain raiser on the results of their study on investor behaviour – a pioneering exercise initiated by FIFA. The insights from this study are fascinating indeed – especially the responses from investors in “cold state” and “hot state” on whether they will opt for direct plans, when made aware of the difference in costs. And, in this insight, is a very valuable lesson for every MF distributor.

The best investment your clients can ever make
The 3rd edition of HDFC Charity Fund for Cancer Cure opens on 10th March - don't miss the opportunity of helping your clients invest for the best returns their money can possibly give - saving lives.

  Trail commissions are anti-investor
Trail commissions are anti-investor: that’s the conclusion that the Canadian regulator (CSA) has reached in its recent discussion paper where it calls for eliminating embedded commissions in mutual funds, to be substituted by a fee based model. CSA has made 3 points on why it believes trail is anti-investor – which bear careful reflection.

Only 3 questions for Mr. U K Sinha
As SEBI’s Board gets ready to deliberate and approve the RIA regulations, we urge Mr. Sinha and SEBI’s Board to consider these 3 questions – answers to which may give them some sense of what could be the unintended consequences of the regulations, as currently proposed.

  Mirror, mirror on the wall, who is the fastest of them all?
We present the 3rd annual edition of our “Mirror Report”, which throws a spotlight on AuM growth of all fund houses for the calendar year gone by. This year, we also present a report card for 3 year growth – which covers the momentum period of 2014, 2015 and 2016 – three years in which industry AuM more than doubled from Rs. 8 lakh crores to just under Rs.17 lakh crores.

FIFA presents hard data to U K Sinha
FIFA has written a very well drafted, comprehensive and fact-based letter to Mr. U K Sinha, urging him to get SEBI to think carefully about the ramifications of going ahead with the proposed changes to the RIA regulations, which it appears, SEBI is keen to push through despite overwhelming concerns raised during the consultation process

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