FIFA has taken a small step now, which will be a giant leap forward for the distribution community.
H K Sinor
Chief Executive, AMFI
First of all congratulations to all the Founder Members for your effort in creating an association and creating a platform to represent one of the important community in the financial market. I wish the organization all the very best and am sure the organisation will create great service to the mutual fund industry in general and independent financial advisor community in particular.
Chief Executive Officer,
Birla Sun Life Asset Management Company Limited
Congratulations to FIFA on taking this important intiative to educate and develop IFAs. WE believe this is a much needed step in achieving the goal of financial inclusion and can also help in the development of the mutual fund industry in India.
Development of best practices in IFAs is expected to help provide investors with quality unbiased advise. On behalf of Deutsche Asset Management team, I extend my best wishes and support to FIFA.
MD & CEO Deutsche Asset Management
The incorporation of FIFA is a milestone in the evolution of the distribution fraternity in the country. I expect the body to institutionalize best practices undertaken by the IFA fraternity.
I also believe FIFA can engage industry bodies like AMFI and IRDA with a series of constructive ideas and projects which will help accelerate the growth of the financial planning industry.
Vikaas M Sachdeva
CEO, Edelweiss Asset Management Limited
Congratulations on setting up FIFA. This is a very timely move. In the present market environment investors are recognising the critical role Financial Advisors play in their journey of building a financial plan and in wealth creation. I see the IFA Channel playing a dominant role in increasing investor awareness and in retail market penetration in India. I am confident that FIFA will not only be the voice of the IFAs but advocate and share best practices among IFAs across the country.
These best practices in turn will lead to improved customer delivery and satisfaction resulting in happy customers, a win-win for all. I would like to extend my Best wishes to FIFA.
Managing Director and Country Head,
Fidelity International - India
I am pleased to learn about the formation of FIFA as a representative of the IFA fraternity. IFAs have played and will continue to play a prominent role in increasing the penetration of Fund products. I am confident FIFA will provide the platform for IFAs to work constructively with all stakeholders to develop the Mutual Fund Industry. I have had the privilege of knowing the founding members of FIFA over the years and I respect them for their professionalism and commitment. I wish them success in this initiative.
Managing Director, HDFC, Mutual Fund
The role of IFAs in improving financial literacy and building an investing habit is critical in an under-banked India. The initiative to build a forum for IFAs to express their views and engage more effectively with regulators and asset managers is an important evolution in this direction.
Naval Bir Kumar
President & CEO, IDFC AMC Ltd
The customer centric model of IFAs makes them a critical link between the manufacturer and the investors. A platform like FIFA should help in developing the independent Financial Advisory business in India.
Kotak Mahindra Asset Management Company Limited
I appreciate the initiative of setting up the Foundation of Independent Financial Advisors. A collective body, of all IFAs and smaller IFA associations across the country, will enable the fraternity to have a strong voice and have an affirmative say in the policies and regulations framed for the industry. I resonate with the objectives of FIFA to educate and develop IFAs, rpomote the value of independent financial advice, increase retail penetration & bring about increased investor awareness. I strongly believe that great things can happen when people come together and I am sure that FIFA will be able to bring great changes. I wish them all the best.
MD & CEO, Pramerica Mutual Fund
Congratulations for establishing FIFA!!! This is a very good step forward for the development of the mutual fund industry. Intermediaries, especially in the financial services industry, play a very important and critical role in understanding and fulfilling the needs of investors. It is important that the financial advisors community comes together under one common platform to play a leadership role in the development of the industry as well as address the challenges facing the industry.
CEO, Tata Mutual Fund
The need of the hour is for investors both existing and new to be advised on their investments by knowledgeable, unbiased advisors. I think FIFA is a wonderful initiative that will go a long way in delivering this need of investors. We at Axis Mutual Fund are happy to support FIFA and wish it all success.
MD & CEO, Axis Asset Management Company Limited
We believe, FIFA is a good initiative from the industry perspective and brings together a voice for the IFA community. IFAs play a critical role in encouraging retail investors to invest in Mutual Funds and are thus, imperative to the growth of the industry. We believe, that for the industry to get sustained inflows, IFAs play an important role. Also reaching out to the length and breadth of the country is possible only through the IFA network.
Mr. Nikhil Johri
Managing Director, BNP Paribas Mutual Fund
The role of a representative forum for IFAs is an important one for the mutual fund industry. Establishing a culture of continuous learning and sharing best practices would serve in empowering the IFA community further. I wish FIFA all success.
President & CIO, DSP Blackrock Mutual Fund
In a country like India, the role of financial advisor/ planners has only increased in recent times with lower financial literacy and an ever-growing complex range of products on offer. And in challenging times like the current ones, there has been a strong need for a platform and community for advisors that can guide new entrants, exchanges ideas & share knowledge / experiences. Such a community would also help in representing the collective interests of the advisors with all stakeholders through constructive engagement, especially the regulators. We are glad that FIFA has been formed by a team of experienced practitioners to cater to these needs and wish them all the best in their endeavours to improve the stock of the IFA community.
President, Franklin Templeton Investments (India)
I am happy to see the IFA fraternity coming together and forming a representative body. For investors to get much needed unbiased advice the key word in "Foundation of Independent Financial Advisors' is 'independent'. Internationally one has seen such groups adding value in creating best practice bench marks for IFAs and also giving valuable guidance and inputs to manufacturers and regulators alike for better delivery to investors. ICICI Prudential AMC wishes FIFA all the best in their endeavour and looks forward to working with them closely in deepening the market and delivering value to investors.
Managing Director & CEO, ICICI Prudential AMC
The Foundation of Independent Financial Advisors (FIFA) is an outstanding initiative by financial advisors, who are the key growth drivers of the mutual fund industry, to form a collective voice. I feel this will lend strength to the business and confidence to investors.
The Mutual Fund Industry in India is going through a challenging phase where quality advice to investors, gainful business for intermediaries and retail participation are major concerns. These are intereting times; so much is changing around us globally and domestically. To keep up with this change, participants in the business need to adapt as well. I am confident that FIFA is a step in the right direction and I whole heartedly support this much needed initiative.
Managing Director & CEO
JP Morgan Asset Management India
FIFA is an excellent initiative by the IFA distribution channel. There was a gap between the Policy makers & what actually happens at the ground level and the formation of FIFA is the first step to bridge that gap. The IFA segment contributes significantly to retail Mutual Fund business in India and it is only fair that their voice be heard while the policies are designed. The regulator's intent to promote and protect interest of the investor will only get stronger with the formation of this body. My best wishes and support to FIFA.
CEO, L&T Mutual Fund
At Motilal Oswal Group, we have always believed in the power offered to the markets through the reach and support of the independent financial advisors. To that effect, we commend the Founder Members of FIFA for having taken the initiative in launching a forum to not just the advisors, but also the Asset Management Industry and the regulators alike, in furthering the cause of penetration of investment products across the masses. We are fully supportive of this effort and look forward to working closely with FIFA.
MD & CEO, Motilal Oswal AMC
Independent Financial Advisors play a very important role in helping investors make the right investment decisions and expanding the retail investor base. We strongly believe that FIFA as a unified platform will help provide support to independent advisors and will develop skills within the financial advisor community, which in turn will benefit investors.
CEO, Reliance Capital Asset management Fund