license to sell npsNo. of comments:11 rahul kulkarni, virar-mumbai, 38875 On 12-Apr-2014

For selling insurance one needs to pass irda exam, For selling mutual funds one needs to pass amfi exam. However for nps there is no such criteria. In maharashtra even maha e-seva kendras are selling nps schemes. (maha eseva kendras means maharashtra govt has given permission to private individuals to assist common man for providing services of /helping for ration card/caste certificates /pan cards etc etc.) For selling nps doesn't govt feel there should be any special qualification? nps is also a copy of mutual fund with lower cost structure. Then how it can be sold without any license? Or just govt want it to promote it so anybody can sell it

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Comments Posted
TEJAS DOSHI ARN NO :KSW Consultancy MUMBAI, 21 Oct 2014

Want to be start distributorship for PRAN NPS Cards col--9096451903

Amitesh Kishore ARN NO :ARN-63402 Begusarai, 21 Apr 2014

Please check bit.ly/NPSMar14 for NPS returns.

Navin Kumar ARN NO :83441 Patna, 20 Apr 2014

NPS seller must have a certification course.

PANKAJ KUMAR TRIPATHY ARN NO :ARN-59790 PATNA, 20 Apr 2014

AS A REAL ESTATE BROKER,MINISTER,CHIEF MINISTER,PRIME MINISTER,PRESIDENT,ANY INDUSTRIALIST,RAJ MISTRI etc.etc. Required EXAMINATION.? ANSWER IS NO.THAN WHY IT IS COMPULSARY FOR AN INSURANCE ADVISOR OR MF ADVISOR? WHY THIS DISCUSSION ONLY FOR NPS SELLING,WHY NOT FOR ULIP PRODUCT A SEPERATE LICENCE? ABHI BAHUT SAMBHAVNAIEN HAIN SUDHAR AUR SANSODHAN KE. JAROORAT ISS BAAT KI HAI KI KYA SACHMUCH HUM VYAPAK PARIVARTAN CHAHTE HAIN ........

PRASANNA KUMAR NEVE ARN NO :32141 AHMEDABAD, 19 Apr 2014

We all AMFI distributors should keep watch on NPS performance and sell pension plans which are in mutual funds. NPS seller don''t show anything to the investor and again govt.. is giving inspiration for mis selling to lehman and ultimately people will be loser. We all are well qualified and competent professionals. We should realize investor this thing. Our online plate form is the most convincing tool for us to occupy business in mutual fund pension plans against NPS which they don''t have. So, dear friends, we have to fight again against NPS and our wining is decided. This is good news for us and opportunity to prove our capability. Keep protesting NPS selling methods and wish all the best. Thank you. - PRASANNA KUMAR.

Juned Ahmad Siddiqui ARN NO :ARN-26662 Allahabad, 19 Apr 2014

exactly,if mutual fund & insurance schemes couldnt sold without license similarly NPS also should be treated specialy when it is regulated by a regulator,PFRDA like insurance by IRDA &mutual Fund by SEBI But great irony in this regard is that GOVT can do anything.......But it couldnt authorise a qualified individual to sell all financial products. I mean to say there should be a uniform type of license after getting that a individual can sell all financial products,mutual fund,insurance,pension schemes, home loan,fixed deposits etc.....there should not be defferent exams for different segament

jaideep shirali ARN NO :81143 mumbai, 19 Apr 2014

The NPS scheme is currently very simple, with just 4 main fund options, compared to over 1,000 mutual fund schemes, across various asset classes. Unlike equity mutual funds, even the equity exposure cannot exceed 50% of the invested amount. NPS has the potential to deliver better returns than all current tax saving instruments in the long run, i.e. over 10-15 years for most NPS investors. Investors feel worried because we continue to expect fixed returns which lag inflation, rather than hope for better returns, which a mix of debt and equity would provide. NPS has not taken off because there is no revenue for the IFA. The certification fees must be low compared to the revenue, which is not the case with mutual funds now. If NPS revenue is so low, I wonder how much NPS investments would be required to even pay the certification cost.

Venkataramana C ARN NO :82068 Chennai, 18 Apr 2014

Reliance Securities as taken up the NPS distribution and they made the process of empanelment lengthy which we have agreed and then after empanelment and logging in a NPS application form, they have not paid the brokerage for the same and also there was a communication from RELIANCE SECURITIES stating that they have withdrawn NPS product and they will keep us posted if they plan to distribute it again in the future. Howcome they can be so irresponsible in not paying the distributor his due as well as closing the scheme without prior information within a very short notice?? The time spent as well as the effort given towards the same is completely waste and unnoticed?? Can the regulator take prompt action on the same. Currently, UTI mutual fund is selling NPS with their fund house as investment managers to be chosen in order to get the credit for the application. For a long term investment product, the incentive (or) the pay out given which is also one time is very low and a good product needs a decent remuneration for the distributor to make it viable to promote the product in the long run. Hope the regulators, NPS product team and the relevant authorities are listening??

M.L. NAMDEO ARN NO :17457 bhopal, 18 Apr 2014

nps announce in 2004 for state & central govt employee in 2009 it opend for all there was no agency provision that is why nps is lagging right thing because it part of mutual fund , it may be sold through IFA , AS NORMAL SCHEME OF M.F.

Mohsin Bijepuri ARN NO :33913 Chennai, 18 Apr 2014

First let NPS have a proper distribution structure. Then the license issue will be automatically dealt with

Amitesh Kishore ARN NO :ARN-63402 Begusarai, 12 Apr 2014

The retirement products in our country especially after the policy shift of govt. has seen a lull even after launch of NPS because of fear psychosis among investors of working class as they have understood the importance incentives in financial products. Govt. on the other hand has made it a point to keep commission and expense low to the extent of negligible. But for sure please take a note that after initial subscription the results will be disastrous for most of the investors when shall they learn about its features and drawbacks. An old adage says that when there is a flood stay away from shores and never panic. Any structured financial product is like gunpowder.

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