It is a very good idea worth implementing.I am prepared to join. May a senior and experienced IFA take the lead.

Mr Nilesh Shah: The points raised by you are interesting but I would choose to disagree. The example of AMUL is inappropriate as clearly mentioned by Mr Pawan Agarwal below, in the choice of context and thought. On the other hand , Mr Nilesh Shah, may I advise you and many other fund managers to concentrate on the portfolios that they are paid to manage. This will ensure optimal performance of the funds, ensure greater cost control and wasteful expenditure by the AMCs. As for the way forward, why dont we have an open debate on the pros and cons? I am sure there are wiser IFAs who have better alternatives to offer - while you concentrate on the core resposnibilities that you are entrusted with. Mr Shah, I dont know if this message of mine will ever be read by you, but I would look forward to an engaging discussion on this, whenever you find time. My 30 years in the banking and private wealth world has given me the privilege of coming face to face with wise but very simple people.

Amul started with the noble idea of making India milk sufficient. In the process, it helped lakhs of families who were part of this movement. The value created was far superior and noble to what is presented in above article. Had Amul been created with an EXIT idea or Monetising the idea for the benefit of few thousand people, I cant be sure if it would have been so successful. I would be glad if Nilesh or anybody else can outline on the point that how can IFAs come together to create a superior investor experience, enhance customer perception about mutual funds, stop misspelling, encourage more people to join mf distribution business etc. and in the process grow their businesses to the level where they dont want to sell it but they work only to enhance it.

The idea seems great on paper, just like the Manthan/Amul) story mentioned by the author! Practically such things happen according to some kind of destiny working ...... the way Infosys and several other successful startups have come into existence, some to stay while others to disappear. It cannot be a forced coming together (whether for forming a corporate body or a firm) and who knows what permutation and combination of talent each of the IFAs coming together would be bringing to the table? The association could thus end being a lopsided talent pool which cannot at all be the desirable goal.

Good Idea sir. I am ready to join hands. Please guide

As Nilesh mentioned, IFAs are sitting on the Goldmines. The underlying gold is to be valued to achieve the objective. Definitely, scale and corporate structure are important parameters for getting the better valuation and not only valuation, a DEAL. The listing for IFAs is a step towards that. While opting for listing, to some extend the purpose of becoming more organised is aimed. The most important objective besides monetisation is creating visibility. Being visible, the chances for M&A is much more. There are businesses like broking/investment banking, which are looking for some wealth business entry strategy and listing helps to meet the ends. Consolidation, yes, much more possible for being listed and inorganically enhance the value for the business.

Who is going to bell the cat..I mean to take the lead and bringing all the like minded IFAs together? Indeed a good idea mooted by Mr. Nilesh Shah. People like His Position and Caliber can take the initiative, organise and take IFA like me to the end result of corporate entity. May the Almighty bless his idea and make it happen. With best Wishes, Alex.

What a great idea it should be implemented. It will create unity & collective effort with a common goal. Regards (K K Yadav)

I fully agree, and willing to join. Please take the lead Sir...

I strongly agree with Mr. Nilesh Shah that union is strength. Nobody listens MF Industry grievances because we are not united whereas Insurance industry has a great say everywhere. Thats why we are witnessing a no. of changes in MF Industry only that too at a very high pace But big Question is that who will take the initative?

This is a exit strategy route for sure, Nileshbhais point is extremely pertinent. Dheerajji I think the time has come to give distributor asset classification in debt / hybrid / fixed income, cap pro/ structured notes, as well as past performance of each and every cap pro,NFO, structured note scheme that comes if it is sold by a mutual fund on a centralized Amfi page, in addition to disclosure of brokerages on the AMFI web site. If we are at it, why not give age of assets held for more than 5 years, 3-5 years and less than 3 years also, the data is available - it just needs to be put up on the web site.

Dear Nilesh, the whole industry knows how IIFL has gathered AUM and am for sure dont feel proud of being part of this industry when such practices are appreciated, directly or indirectly. The whole industry claims to follow the teachings of Warren Buffett, however when it comes to following the same in true spirit, we are at sea. To him ethics is very dear