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Advisor Are from Heaven, Authorities from Planet Earth.

Date : 02-02-2013

Name: Vishal Rastogi ARN NO :87541

Firm Name : IFA City : Patna

Yes Friends we are crafted in Heaven for the people to help them in every part of their life. Importantly say ! “Financial World”,Which need enormous Courage & is heridiant from the Great Lord “Shri Kuber G Maharaj” to help in creating & preserving Wealth, Assets, Dreams etc. of all the class of people. Where I think we(IFA) all practice it in very Honest way. So, Why the Authorities are making our road so hard to step ahead with unpractical code, where some AGENTs of very common investment instrument (Insurance etc.) are very easily left to LOOT/FOOL/& CHEAT people by making big money of self & hang people’s dream in AIR. Why these Authorities do not come out with some solid Plan to stop them. Its always very surprising Question for us as IFA. I think it is only due to “We Advisor are from Heaven & Authorities are from the Planet Earth”.

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Comments Posted

vishal rastogi ARN NO :51920 patna, 17 Mar 2013

Thanks to all.............

AMITESH KISHORE ARN NO :ARN-63402 BEGUSARAI, 11 Mar 2013

Hi Vishal Ji.... Would like to raise your attention to a new move by AMFI about induction of new cadre of Advisors that it has stopped renewal of ARN of old advisors for processing application for issue of new cadre ARNs. Isnt it ridiculous that the people who bring the business in the storm of entry load ban and other regulations and who are paying fees for renewal are stuck up in the process of renewal and official from AMFI are telling them to wait until their ARN expire? Hope there is any hope left with the working style of AMFI.....!

A.K.JAISWAL ARN NO :9563 MANDSAUR, 08 Feb 2013

I fully agree.

ashok ARN NO :15811 vadodara, 07 Feb 2013

yes.I agree with you. the new rules is going to destroy the MF business,because you cant always think abt client.its vice-versa.most of the client is not ready to pay even 100--200 rs for their transaction.in this senireio how can we able to do the work

ViveK Agrawal ARN NO :63292 MUMBAI, 07 Feb 2013

I think they have hit the final nail in the coffin by introducing direct investment plans in MFs. This move will hit the industry very badly. The AMCs will have to depend on informed investors, mostly HNI and corporate clients only. The responsibility of the regulator is to grow the industry as well as take care of the investors. It is just a matter of time before they realise that they have failed completely in their job. And hopefully then things will move in the right direction.

DB DESAI ARN NO :0234 KUDAL, 07 Feb 2013

1. 1000% unity of IFAs is required instantly. 2. We should start our own distribution company. 3. Forget Mutual Funds if regulators, amcs, investors don,t need us. 4. Concentrate on other businesses and if and when right opportunity comes, proper incentives are provided start working for MFs. 5. Till then try to be honest with customers, educate yourself, develop new skills and think collectively to combat the competition on the basis of product knowledge.