Thanks for the information.Hope you could help me how to increase the sales of MUTUAL FUND.

All said and done, whatever steps that the regulator takes for the investor, the guidelines always favour the bigger fish, in this case the banks and the financial institutions. Of all the complaints registered with the regulator regarding misselling and the like, the major culprits are the banks and the financial institutions, whether it is the foreign banks, in the guise of structured products or the Indian ciunterparts misselling tratiditional products as single pay. The worst part and the saddest part is that the average investor, because of lack of education is completely unaware about the product and he places more trust in his traditional agent, who himself is not adequately educated. Today also, the minimum regulation for taking up an LIC agency is Stabdard X or XII. The dustributors or the advisors themselves need to be educated and then only things can go in the right durection.

Dear Sir, Please shed some light on why service tax is still being deducted from brokerage.

Over the years, Wealth Forum has proven to be an extremely dependable & useful resource for the IFA fraternity. One suggestion - now, kindly consider transforming Wealth Forum into a medium for guiding & hand-holding IFAs on alternate growth oriented & rewarding career options.

Great analysis and indepth details about positives and negatives of report. Rather was waiting for your analysis since report was published. Thanks Vijay for summarizing 100 page report in simpler form.

Dear Mr Desai. Kindly Do NOT bring ANY Govt. Organisation into this. I would rather accept No Commissions (fee based model) than bringing the Govt into this. Sorry for the personal comment.

The idea of Mis-selling and curbing the same is good. However as said by Amit Das "Foot Soldiers will be on the back foot". A reducing trail model does not look like a good idea. It is only through sheer perseverance that Distributors have convinced clients to go for Long term SIPs. It is only after a Distributor gathers an AUM of at least 10 crores the distributor starts earning something meaningful. GATHERING AN AUM OF 10 CRORES WITHOUT MIS-SELLING IS A VERY DIFFICULT TASK.

I would again call it a belated wisdom because establishing an all encompassing regulatory body for distribution of all financial products including Banks, post offices, all types of insurances, equity, mutual funds, pensions funds, real estate products etc. etc. was a suggestion made by me in some such forums long long back. I would further suggest that there can be an Govt. sponsored or regulated organisation which appoints these distributors and pay them. That organisation should get fees from the manufacturers, regulate the distributors and pay them. Let this govt. organisation earn the way these regulators are advising the IFAs to earn.

India is our country. All Indians are brothers and sisters. SEBI.IRDA, PFRDA etc. are all there for our brothers and sisters. But these bodies are established by the Govt. elected by our brothers and sisters and the role expected of the Govt. is to work for welfare of all brothers and sisters and only the brothers and sisters who buy mutual funds, or insurance or pension schemes. They buy medicines, they travel, they seek education, they buy or use or consume various products and services and everywhere they pay unknown amount of commission, fees, profits, margins, charges etc. etc. They buy houses. It is reported in newspapers that our brothers and sisters pay for the services which should have come to them free from the Govt. itself. only 3/4% are investing in mutual funds. Why the Govt. is not worried about balance 95%?

MF DISTRIBUTION (OR) ADVISORY BUSINESS IS NO LONGER A BREAD WINNING OCCUPATION. WHO EARNED SO FOR, CANNOT EARN IN FUTURE. WHO ENTER RECENTLY AS A WHOLE TIME OCCUPATION MUST RECONSIDER THEIR DECISION

I dont agree with the panel recommendations. I dont think all IFA are greedy and commission oriented. I think who work for commission no more can sustain themselves for a long time in this field. Business without ethics cant survive more. No members in the panel is direct related with the sales force. All members are top management and so called media man or retired personal. A sales force man know the ground reality more than so called experienced personal. These all have experienced to promote this type of business tactics and today they are retire life and wants to say themselves well wishers of common investor. Where was there ethics when were recommended high commission and where was there media when they getting high priced advertised material and where was there ethics when they signing on high commission policies and where was there ethics when they getting high salaries.

In this way there will be no foot soldiers on commission basis for mutual funds.