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Good view regarding regulations Brijeshbhai. I thought Sebi/Govt. wants transparency by mentioning commission . My thought is why only in Mutualfund or Financial Distribution Business? There r so many businesses in which transperency is really needed ? They should force in every business to mentioned their proit margin. Anyways hope for the best.
Excellent piece Brijesh and hit right on the nail head. The message cant get clearer than this. I agree to each of you point to the T. The only way we can survive in the future is as much value enhancement for our clients. And moreover clients dont mind paying fees if they value in the relationship.
my query is that PPF commission was withdrawn over night by the regulators. How can we expect that they wont do the same in case of mutual funds.
Thanks sir. Your article is very nice & eye opening to govt authorities. Let this article go to everyone. We are working hard for strengthen our Indias economy & if we get a little trail why shall it be taken away? All ARN holder should fight unitedly.
Well said. SEBI is against the IFAs only, who are working for the wealth creation of their clients, actually the members of SEBIs are far from reality as to how a business is procured. How much time an IFA spent for getting a Rs. 1000/- SIP, From my place the registrar is 50 kms away. SEBI is not seeing how much the wealth is being destroyed through the Indian Trading League, Because in trading there are only 20% who earn money. BY closing its eye because it is promoted by Kapil Dev, it is hand in gloves, for inducing clients towards speculation. Now second season has started. Has SEBI tried out how many people have created wealth and how may have destroyed it. No. Only IFA s are the only ones who need regulation, who toil very hard for the creation of wealth for their clients. who sees long term.
I was and I am completely against the full trail model and I challenged the supporters of this model ever since I came to know about it. It,s only daydreaming. Nothing like that happens in any business. This is not a social work. This is a business with knowledge, information, service, ethics and integrity. But beyond that earning is also important. I had raised the same fear that one day even trail may also go as the upfront has gone and what the people opting for full trail model will do.
Nice writing. Every IFA (Big or Small) are in ambiguity towards this issue.
Very nice views Sir. Your articles are always superb and inspiring for small IFAs.