wealthforumtv

Rather than doing its primary job of shutting up or taking serious action chit fund companies and fake companies listed on stock exchange who looted thousand lakh crores of investors hard earned money,SEBI puts block on mutual fund industry''s path which have not yet growed in india and which doing good job helping people to make wealth for them.These types of steps not only kill the mutual fund industry and distributors also make a way for good people out of the business and fraud things like chit fund ,MLM,fake company on stock exchange to once again grow and cheat investors.

sebi and Govtment and MR. Dhirendra of (Value research )all are worried about investors . and cutting pocket from distributor . just think once who pay the salry of sebi chairman .. just the cost of bathroom of chirmans office is some crores of money ,who pay .in the parliament BIRYANI RS.15. MASALA DHOSA RS. 6/ .WHO PAY SIR ?

I am agree with Ritesh, because AMC''s are promoting or offering higer commission''s, Foriegn tour''s etc.. to IFA''s, ND''s etcc.. for promoting NFO''s etc.. existing schemes, SEBI must take action against this practices. Also How much commission paid to IFA''s, ND''s will be disclosed sepreately on AMFi website, so that who is churning more investors funds will be cleared!

Agreed .

SEBI Cheif''s comparison of payment of brokerage to IFAs with foreign countries is misplaced. India is India and cannot be compared with other countries. Investors paying for advice is rare in India. IFA''s are earning for their livelihood as the Govt. is unable to provide employment opportunities. IFAs are all working for investors well being; otherwise they will be shown the door. We are coming across news that MPs and MLAs are doubling their income and everywhere there is a minimum of 10 to 15% rise in salaries of employees every year. We are witnessing high officials, bureaucrats, judges are also getting employment after their retirement and getting extension of service and when such is the case where is the justification of CAP on commission in the name of investor protection? IFAs knows to protect their clients. Please do not bring in more and more hurdles and be a stumbling block to growth of Mutual Fund industry.

Regulators or whosoever is interested must find out who has sold the high commission products. If it is Banks, NDs and other such entities, punish them first because they are supposed to be professional and small IFAs are treated as errants for whom the warning is to behave or face action. If strict action is taken against big daddies the smaller ones will automatically behave. Any distributor, big or small, has the choice to sell a particular product or not to sale it. We have to learn this to safeguard ourselves and our clients.

Dear friends SEBI,AMCs all are complaining on distributors on misselling & promoting higher revenue products.1st of all SEBI allowed AMCs to decide the upfront/brokerage payable to distributors.Then AMCs are trying to puch the NFOs by offering more commission to distributors.Now The AMFI planned to cap the upfront to 1% from April 2015 onwards.Recently AMFI decided to relax upfront on ELSS & SIPs by paying upfront & sip incentives from July.Both the SEBI,AMFI are not aware of the actions they are doing.The upfront & trail commission are not paying from AMCs pocket its only the part of the TER not the charity of AMCs but the payment for retaining the fund & for the after sales service to investors.Friends I invite the feedback to my comment.

I agree with Mr Kale, also its to be looked who is marketed these products like Banks, ND''s. We are not demanding higher upfront or higher revenue products like Capital Protection Fund, we are demanding justified long term trail which AMC''s are not interested to provide