All talks are use less unless u empanel more IFAs with ur company.I am trying hard to get empaneled with u but there is no result

Yaaaaaaaar First prove your part to give better returns to ur existing investors Mr Chaddha

QUESTION of independent or dependent arise only when IFA get enough to survive. In current scenario when AMC head and sebi argue about abolition of upfront commission and IFA are blamed for mis selling if AMC does not perform and still their head draw big amount in form of salary or incentive or bonus .Mr. Chaddha, please join MF Industry as an IFA & prove your theory

Mr chaddha mujhe agar "SWARG" dekhana hai to khud hi marana parega, tab hi mai swarg dekh pauga. so come out from the a/c office and join the ground force ( with ifa ) without any payout. you'll realise the a " narak" is there every where. even than we are all IFA angage in the same field with full spirit. SORRY

These thoughts come from AMC because the times have become challenging.They fail to understand that its the sales guy who should be compensated by the company who wants product penetration. No Industry has been so over regulated than mutual fund. The scapgoats are the IFA who are stuck betn the devil & deep sea.Will any one from AMC leave their air conditioned office and come on the road to sell a product?

Insightful thoughts.

I 100% agree with this concept. thanks for good sharing

3/4 th of ifa having aum less then 1 cr are ither hand to mouth or miss selling insurance

I request all to read this news item. Why can't the AMC bosses suggest some good business models to the Banking Channel? http://www.moneylife.in/article/hsbc-bank-loots-a-celebrity-after-big-promises-of-24-returns/24975.html#.T4g_VNpj3ac.facebook

first of i wlud like to thank FM for abolishing service tax from mf commissionnd hence increase in income by 11.5% article is quit good depending of self knowledge i agree with chadda sab but it is like beaurocrates work in ac office but do not have ground relity it is also question how amfi help small distributor

a fine article asking the ifa to do free service to amc's and also to change society mindset (palm greasing plus free service alongwith allied services)can you leave the ac,tie and suit culture and come down to dusty and bumpy road villages and educate and respect the aspiration of the rural population(have nots) who is the back borne the indian ecnomy

ALL IFA DECIDE MUTUAL FUND-EQUITY IS NOT FOR 2 OR 3 OR 7 YEARS IT IS FOR 10 OR MORE YEAR FOR OUR OR INVESTOR'S GOAL PLANNING, B'COS ITS BENIFICIARY FOR US OR INVESTORS,10 OR MORE YEARS INVESTMENT - INVESTORS GETS 15% OR MORE, IF INVESTORS NOT INTRESTED TO INVEST FOR 10 OR MORE YEARS THEN GIVE ADVISE TO INVEST IN GARENTED INVESTMENT INSTUMENT B'COS ITS GIVE 8% TO 11% RETURN & INVESTORS ARE HAPPY - MY INVESTMENT VALUES IN PLUS NOT IN MINUS.

At present, AMC should support to all IFAs' in terms of commission both Upfront and Trail. I think your theory will work out well in future.

A celebrity model can't advertise an MF product. But can come in ads of Insurance products, cigarettes and even in Liquor too. Mutual Funds investments are subject to market risks . But insurance products are not risky even though the money goes to equity. Share traders, banks etc can make their own software to charge a customer from their account to compensate the entry load difference but a normal IFA can't do it. Employees of a bank or company is driven by the push he is getting from his superior . Employees are not driven by what a customer needs but what his superior wants to sell. What do you feel?

One thing is freely available in our country, That is giving advice to others about what to do or not to do. Mr. Chaddha, please join MF Industry as an IFA & prove your theory.

Mr.Puneet Chaddha , your theory is well suited only for an advocate's or doctor's profession, in the present Indian style.

in fact no independent mutual fund advisor can survive after bhave`s idea of fee collected from client since MFs are not sellers product and the performance of the AMCs since2008 also did not help canvassing for MFs infact these AMCs want us to be their bell boys for nothing i am sure even the amcs head cannot collect any funds for their amc getting down in street independently

As we have transform as advisors then marketting should be done my AMFI OR AMC'S so that the investors who are interested reach the office of the advisor and take an advise and pay a fee. Then its ok.

IFA TODAY WHO IS STAND IS PURELY PRACTICAL PROFESSIONAL LIKE A HARD BLUE DIAMOND. TODAY IFA HAS TWO SWORDS HIS TWO HANDS. ONE SWORDS FACE SEBI & SECOND FACE VOLTILE MARKET

GOOD TO READ AND DISCUSS.I AM ALREADY FOLLOWING ABOVE ADVISORY MODEL BUT ON ACTUALL PLATEFORM SURVIVAL IS TOUGH.WHO IS IN FULL TIME BUSINESS THIS IS VERY TOUGH TO MEET OUT REGULAR EXPENSES BECAUSE WHOLE INDUSTRY IS NOT AWARE.IT WILL TAKE TIME TO AWARE INVESTORS.MOST OF THEM DONT UNDERSTAND PAY SYSTEM. NEED AWRENESS FOR THEM.

Its a fine article to read, But very tough to implement. The Common Investors of Rural Areas will take more time to willingness to pay Advisory Fees. No anyone is purely Independent

Your so called IFA s are near extinct breed. Ask anyone who is a pure IFA, if there's still someone out there surviving somehow(independent of AMC's), how they can sustain. There answer will be - as we can't sustain , this can't be a full time profession. Better highlight the problems they actually face on street and find solutions to those so that this can one day become a respectable profession.

This is an old wine put in new bottle,. The IFA's who are in business till date are the professionals who have already made huge changes in their business modules and facing the challenges with confidence.Requested to hold hands of IFA's rather than reasoning of the current situation for which the whole industry is responsible, not just the IFA community.

SIR, YOUR IDEA IS GOOD TO HEAR, GOOD TO CHECK IN PAPER BUT IN REALITY IT IS TOUGH.ALL EFFORTS RESULTS IN LOSS IN PORTFOLIO,THEN ALLL MODELS LL CRASH

GOOD THOUGHT ALSO SUGGEST IFAs TO HAVE MORE REMUNERATIVE SERVICES TO OFFER TO THEIR CLIENTS FOSOME R THIS TRANSITION PERIOD. ALSO TRY TO INNOVATE WAYS TO EDUCATE CLIENTS ABOUT THE CHANGING SCENARIO AS WELL AS INFLUENCE REGULATORY AUTHORITIES TO HAVE A HUMAN TOUCH AS IFAs ARE ESSENTIAL FOR A DEVELOPING ECONOMY.

The logic of "Independent" and "Dependent" Financial Advisors which is now propping up in the mind of some AMC bigwigs,actually reflects the helplessness of these AMCs to cope with this tough time they are facing and ultimately trying to shrug off the very same IFAs on whom they used to depend so much, a couple of years back .... In the era of unending NFOs these same people use to get insane and offer brokerages as much as they can to make their product sold by the IFAs ... at that time their logic of "Independent" & "Dependent" was no where to be seen... "Choosing the right set of customers" is a contradictory statement made by the gentleman of HSBC ... Saying that does he mean that we need to leave the retail investors who cannot pay advisory fees,which is again contradictory and against SEBI rules,as we need to cater each and every investor irrespective of their ability to pay fees, so that the industry can truly grow. AMCs cannot expect IFAs to sell their products free of cost !!

As entrepreneurs the IFAs need not be goaded by self-styled experts in shaping up business models. It is surprising to see how some logics are used to undermine the role of IFAs in building up this industry. Now look at this! “Are IFAs (a) Truly independent and (b) Truly advisors ? The term independence in this context has two dimensions: - That you are not dependent on the AMC for any compensation” The Supreme Court judges are paid salaries by the Union of India. When the same judges decide on cases involving ‘The Union of India vs. a citizen’, do we infer that their independence is compromised as they are paid salaries by one of the parties to the case?

Wonderful to read this excellent article on practice of IFA's. If this is discuss on more broader ways & investors are made aware to have the route to investment only through the certified Advisor with paying their Advisory than only it will benifit to all(industry,investor,IFA's & to the market offcourse)