"We trust that you will avoid using harsh language and will refrain from making unsubstantiated allegations against individuals and firms. Your constructive feedback and opinions are very valuable to all of us in the industry. "
AS always, very positive article Brijesh. I would like you to now consider writing articles crystal ball gazing 5 years into the future as to what you think the advisory business environment could look like and what should our IFA friends do to scale up to the same
It is indeed true. If one concentrated well on MF distribution on a regular basis, this would have made him independant over the years as the trail commission keeps on increasing as the AUM grows. Many IFAs stopped distribution of MFs when the entry loads was abolished, which in fact had a bearing on their upfront commission. Besides this, many IFAs are not able to collect fee from their clients for the advice they give, which is due to lack of training and self-confidence. I am sure in the years to come MFs will only be the attrative investmnent option as this can only beat the inflation.
great bd & right approch
Of course , shun the fear and move forward.
there is no subtitude of mutual fund. our fear is baseles.
This is really true & after doing MF business 4 somany years its quit hard 4 us 2 switch yourself in other business. So we should be positive in MF business.
Superb note Brijesh, my compliments
Dear MR Brijesh Dalmia, We are fully appreciating your thoughts and we also adding that "Opportunities are not waiting (For Non Performed ) people. 2008 Market Falls. 2009 September: Removal of Entry Load and fear factor of Upfront Income. Till 2008 all the seminars and discussion points were focused on Income source and defined Advisor as a "Sympathetic Persons". And most of the Advisors have adopted this Status. But All were survived with the fantastic Life style. Even right now MF advisors are crying for Taxation policy in Debt Funds.Instead of looking to adopt the technology.
Well said Brijesh.
Sir, I dont know weather you remember your interaction with us in one of ur presentation in Patna way behind someone around 2011-12, where you had put this picture more advance from todays position & I am Lucy to be there at that time as it inspired me too much & enhanced my confidence to practice better. Your this article has energize me in multiple folds again to Love, enjoy, & accelerate the business. Thanks for puting such a fantastic article on open forum.
Thanks, Mr. Brijesh what you said correct.
Bull markets will come and go. As IFAs, let us first worry about achieving Financial freedom for ourselves & our families. There is no point romanticizing about something that doesnt offer a conducive environment for survival & growth.
Thanks,Brijesh Sir It is very good environment to grow our AUM.