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Dear Sir, Thank you very much for your sincere efforts for IFA community. Regards, Dhanesh Advani

What I understand that the nominee will get the trail commission after the death of ARN holder. But what ? if an ARN holder, after working for some years, leaves the profession for any reason whatsoever. Should not the trail commission be continued to paid.? The trail commission is for the business done by an ARN holder in the past. So he/she is entitled to receive it as long as the investment remains with the AMC. Please clarify.

When I became an ARN holder I was not a senior citizen. Now I am a senior citizen but still not in senior citizen category. Can u help me out to become a senior citizen category ARN holdr as I am at present 62 years old.

THIS STEP OF SEBI AND AMFI IS VERY GOOD AND THIS STEP WILL BOOST THE BUSINESS AND NOW THE ARN HOLDERS WILL FIND THEMSELF SAFE AND SOUND.

thanks to wealth forum to keep our voice to higher and in future we will keep our voice through you thanks

A wonderful step by Wealthforum. As a man of 70, I am very much delighted to know the decision of AMFI/SEBI about trail/upfront commission to the nominee. I had myself been a party in the discussion forum on this issue. Once again congratulations to Wealthforum for the initiative and bringing the matter to a decisive and favourable conclusion

THANKS TO SEBI ,AMFI AND WEALTH FORUM FOR RAISED THIS ISSUE OF BENEFICIAL OF ALL IFAS. Sir,One thing I want to say If trail comm.be paid to nominee even if they are not ARN holders.Then by same logic Trail commission to be continued to be paid to LIVE ARN holder even if they have not got renewed their ARN card/AMFI clearance*Upfront comm.etc.for New Business can be withheld for want of ARN renewal BUT TRAIL comm.for earlier business should be continued to be PAID to ARN holder if he/she is LIVE and after his/her death to Nominee*Hope recent AMFI circular will be expanded to include this logical demand.

THANKS TO SEBI AMFI AND WELTH FORUM FOR RAISED THIS ISSUE OF BENFICIAL OF IFAS

OFF LATE MANY AMCS HAVE STARTED INFORMING IFAS THAT NO TRAIL WILL BE PAID INSPITE OF SIPS RUNNING UNDER THEIR ARN NOS. AS NO ADDITIONAL BUSINESS HAS BEEN PROCURED. REASONS FOR SUCH FAILURE IN LOGIN ARE DUE TO THE FACT THAT SERVICING TO ALL AMCS BY AN INDEPENDANT IFA IS HARDLY POSSIBLE & HAS SHIFTED BASE AS A SUB-BROKER WITH SOME INSTITUTIONAL IFA. HOW CAN THE TRAIL BE STOPPED? IN MY CASE HSBC HAS SHOOTED SUCH LETTER TO ME. ANY GUIDANCE ON THIS COUNT BY SEBI / AMFI?

Dear sir, thanks for updation but current discussion was after few days we unable to doing work due to old age or others reason in such condition .We want to recieved my trail commission till alive

Thanks for the information. But if I am right the nomination facility is in existance since 2004 and that means the commissions due to the ARN holders are to be paid to the nominee on his death. Novertheless you have made it more clear for the IFAS to know. THE BASIC FACTOR THAT REMAINS TO BE FULLY CLARIFIED IS WHETHER THE SR. IFAS WHO MAY NOT BE ACTIVE BECAUSE OF VARIOUS REASONS WILL CONTINUE TO GET THE DUE COMMISSIONS TILL THEY ARE ALIVE OR TILL THE FOLIOS CANVASSED BY THEM REMAINS VALID. Regards NAIK

it is very nice and important point which was worrying many iFAs. now the burning point with all IFAs is RENEWAL of ARN

It was long pending demand & has been finally address because of Wealth Forum. Thanks a lot. Hope other long pending demands of common application form & other service request forms is also fulfilled at the earliest.

WELL DONE WEALTH FORUM,

Well,half job done in this respect.Thanks AMFI,SEBI & Wealth Forum. What about if some one( may be an senior citizen or by other compulsion) decided to quit mutual fund business after some years of working,whether he/she still be entitled for trail on hi/her AUM still with industry? He/She had worked hard for the industry & industry will still be earning on his/her AUM by fees ( management fess etc...). Should trail be paid or not? Raise/post this question.

At first I am giving thankfull to Wealth Forum, because our voice is forwarded to AMFI"S ARN Committee. then to AMFI & SEBI who hear and decided that our Trail Commission is paid to our Nominee after our death , if he/she is not a ARN holder.Many Many Thanks

Great work.Still Miles to Go.Lot of Pending Work like Simpification of KYC, ( too many KYC agency,no interconnection between them no sharing of data, highlight to AMFI comittee)Simpification of Updation of Bank update ( common procedure for all AMC),There are still few Issues to be Solved.I Expect Wealth Forum will act fastly to highlight and try to slove with the help of AMFI Committe. Lets hope that Client wont get harasse in New Financial Year by SEBI & AMFI

i have registered with some m/f directly and some through by my company and other brokers. i am not understand that why every three year exam is conducted for IFA WHERE as for doctors/lawers/c.A. no examination conducted where as they directly hit the comman man. 2ndly Amfi charge both fees from me for my individual as well corporate and issued the card & registration for one why It is clearly indicate that either they have no norms or their officer have no knowledge about the procedure third registation also given part period where as they charge for full period

It is indeed a great news for AMFI - Adviser Family. Thanks to Wealth Forum, the advisory committee & Ms. T V Savithri from Hyderabad had created a discussion thread in Dec 2012. It is really amazing to find that we can really put our thoughts across, & the same is sincerely heard & acted upon! Great !!!!

Thanks to Wealth Forum, AMFI Committee, Mr. Bindal of FT and V.Ramesh of AMFI. The harsh language used by IFAs (sometimes by me also) is not good, but simple and logical things were not happening and no body was listening therefore the frustration came out loud. Still simple issue unaddressed is "WHY ARN RENEWAL IS NOT HAPPENING FROM THE DATE OF ITS VALIDITY ?" No debate, no thinking is required for this simple issue. But a clarification will come only after frustration comes on such forums very loudly.

It is indeed a great news for our fraternity.Thanks to Wealth Forum. It is really amazing to find that we can really put our thoughts across, & the same is sincerely heard & acted upon! Great !!!!

Thanks to Wealth Forum

VERY GOOD CHANGE IT INCREASE ENERGY AMONG IFA TO GIVE 100% IN THEIR WORK.

we are greatful to AMFIs ARN committee to solve this matter.Thanks to wealth forum from all IFAs.

Great Sir, Your way with our voice reflected. ThanQ.

Kindly attention AMFI pl. think about single common application form across all AMC. it will help us to reduce usage of papers

Thanks a lot to WEALTH FORUM & SEBI & AMFI. Hope youll continue to serve the SENIOR CITIZENS by EXEMPTING from appearing for test to renew ARN.

with satisfaction to some extent we can work now

It is really very great for AMFI to have given clarification on this much sought out issue. It brings great relief to everyone. My special thanks to all including the makers of this forum for the extra eforts made by them. It only gives us hope that this forum is heard of and cared by the regulators for the concerns raised by the IFAs. Hope the regulators continue to address the concerns raised by the IFAS.

Thanks to Ms. T. V. Savithri, the IFA from Hyderabad who first raised this query. Now that the clarification has come and no body is left in doubt. Secondly, as Mr. Anat from Surat has pointed out, Trail should continue if any IFA is not able to renew his ARN maybe due to poor health or for any other personal problem in the family. Thirdly, renewal charges for ARN card have been increased drastically from Rs.500 to Rs.1,500. Mr. S. K. Budhia from Ranchi has rightly mentioned that inflation has not risen so sharply. I sincerely hope AMFI will reconsider the increase in charges and be a little reasonable. Lastly the validity of the ARN card should be for 5 years as it was earlier. It is my humble request to AMFI to maintain the same validity of 5 years for the ARN card, as in the past. Thanks and best regards.

THANKS TO WEALTH FORUM WHO RAISED THIS ISSUE . BUT WHAT ABOUT THOSE WHO ARE DOING THEIR BUSINESS AS A SUB-BROKER OF BIG BROKING FIRM.

really very good news .we are very much thankful to mr vijay,wealthforume,amfi committee and sebi.

THANKS FOR THE WEALTH FORUM. I REQUEST THAT ALL THE DISTRIBUTORS SHOULD REGISTER THEIR NOMINATION IMMEDIATELY, IF HAS NOT DONE PREVIOUSLY. ONCE AGAIN, THANKS FOR THE SAME.

It is a very good issue and I would like to thanks to all ARN committee members, who raised this issue with AMFI and SEBI. At the same time I request the committee to extend the validity of ARN minimum for 5 years instead of 3 years as applicable earlier.

Really a Good News - Thanks to AMFIs ARN committe and to all took up this matter. I here by request to reduce the renewal charges which is very very high and the renewal should be done once in 5years.

Very good service to IFA community. Thank you

Thank You all for raising this issue. Thanks AMFI for solving an important issue. Thanks SEBI for guiding AMFI for this solution. Thanks Mr.Vijay of Wealthforum , we IFAs are obliged to you as you offer us such a platform. We hope and believe SEBI & AMFI will surely solve all the Industry related problems of IFAs. Together we develop this most important MF industry of an Expected Super Powers Economy.

Renuwal charges for ARN Card has been rised from Rs 500 to 1500? Inflation is not rised so high.

sir really it is fundamently in right direction. i as one of the ifa community member thanks to thewealth forum for providing the plat form to float the voice of this alarming issue.

A great Relif to entire IFA community.Hats Off for those who took the matter seriously.

Thanx for your initiative and follow-up. Congratulatins!

yes its a welcome step for the IFA Fraternity. Because nominees are suppose to get fruits of hardship faced by the agents in their productive life. It would certainly act as a kind of security to the family.

dear sirs, greetings. it is an overwhelming and appreciable decision taken jointly by SEBI & AMFI, by prominently looking into grievances of Ms. T V Savithri from Hyderabad, where she had at last got a fruitful solution to her problem. This is an indication that any problems put forth through the appropriate platforms like Wealth forum, will yeild always a positive result if the affected distributors await patiently without giving room for any untoward comments. Hats off to SEBI and AMFI and expect hat both the bodies will take care of the grievances of the distributors one by one gradually. SEBI & AMFI while take care of the investors, it should also be important to bear the grievances and the requirements of the distributors in mind positively. thanks and regards, c n annadurai president-cifaa

In my view this the news every IFA has to cheer about.

This is a very welcome news ,for all our Distributor friends , we r thankful for our organitation and the regulator to bring such changes .

Thanks to SEBI, AMFI & finally to Discussion Forum for raising such issues for the IFAs. It is a gift to our family.

Thanks for giving this valuable information.

THANKS TO WEALTH FORUM PROVIDING SPACE TO IFAs TO RAISE SOME IMPORTANT ISSUES.

Dear Vijay, Thanks for having created this discussion forum. I am very happy that Amfi committee has taken fast decision on such a issue. Congratulations to one and all for this quick decision. Such proactive steps go a long way in boosting the confidence of all the IFAs. Thank you once again and continue the great work.

Last month through this column I wrote that there should be retirement for senior IFAs in which case they must get trail,why wait for death of IFAs. Some senior IFAs cannot do business due to handicap due to age.This must be discussed at an earlier meeting with AMFI and SEBI.

Sir,If trail comm.be paid to nominees even if they are not ARN holders.Then by same logic Trail commission to be continued to be paid to LIVE ARN holder evenif they have not got renewed their ARN card/AMFI clearance*Upfront comm.etc.for New Business can be withheld for want of ARN renewal BUT TRAIL comm.for earlier business should be continued to be PAID to ARN holder if he/she is LIVE and after his/her death to Nominee*Hope recent AMFI circular will be expanded to include this logical demand

The efforts by AMFI & Wealth Forum is highly appreciated & hope for the same kind of support in the future.

Thanks a lot for Wealth Forum and AMFU

We the IFA community are grateful to Wealth forum for taking up the matter and bringing a right solution.I think for every problem there is a solution and onlything we have to put in a right manner at right time and give time.Thanks to AMFI and SEBI.

Thank You Very Much for give us the ground for our Issues and suggestions in very positive manner.

VIJAY SIR, FIRST ACCEPT OUR HEART FUL THANKS FOR YOUR CONTINUES EFFORTS ON OUR ISSUES. PLS CREATE LIKE THIS THREADS BETWEEN US AND REGULATOR IN FUTURE ALSO.

1. What is the significance of Self Declaration Form which every IFA has to submit every year to the respective AMCs when our Mutual Fund market has evolved so much and all the IFAs are also very well trained?

OH SEBI AND AMFI ALSO THINKS FOR ADVISORS, A BIG APPLAUDS TO WEALTH FORUM FOR RAISING THE ISSUES AND MAKING SEBI WORK ON IT. KEEP IT UP.

We are thankful to AMFIs ARN Committee and SEBI.

I want to submit nomination form, Where to submit the Nomination form? To all AMC individually or to AMFI units of CAMS? Please clarify?

Very happy to hear a great news. I am more happy to know that AMFI and SEBI hear our voice through you. Hope you shall start raising many pending issues by sending queries to them, for example different type of formalities by all AMCs , different types of forms, different interpretations etc. Everything should be tuned in one pattern (should be streamlined) so Advisors can spare more time after educating themselves for increasing required knowledge rather than to spend time after learning and remembering non productive things. All the best.

Certainly, it comes as a sweet news and rather incredible. Thanks to SEBI and AMFI. There is a popular saying - one sunny day does not make a summer. I do hope that the regulators understand the value of professional IFAs and encourage them . Financial Intermediaries are a must in a country like ours with 1.3 billion population and unless they are encouraged, the majority would move out . Sustenance factor is very important.

A great help to IFA community by Wealth forum. In fact, Wealth forum has now become a platform of positive voice for the benefit of all working for the growth of MF industry. Interestingly, Mr. Vijay has always kept Neutral stand in all the issues and even though achieved success.

This is really great news and I appreciate this.

We are hearing since long about common application form for all mutual fund. Can we know, who is looking after this project and what difficulties they are facing. We IFA fraternity would love to resolve all the issue in this regards. My simple question is meanwhile can AMFI allow to use common sip or stp registration form?

Hi We are happy that our association may do good Thanks.