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Mr.Panthakys take on commission payable to distributors on their on investments is absolutely justified. It will increase the investing potential of the fraternity. Why should M.F. investments be singled out for step motherly treatment while Insurance & the likes be favoured on this count. As it stands today the advisor community is facing diminishing income from new regulations which are increasingly becoming one sided instead of a win-win situation for one and all. Please raise this issue at all relevant fora for pushing it with SEBI. Mr.Panthaky, may your tribe grow!

the writer has a valid point.It is beyond any reason why brokerage cannot be paid to a broker for his own investment.i wish sEBI will clarify the reason for this order

It just goes to say that the Officials at SEBI/AMFI/AMCs are not serious about this anamoly. For them, it is a non-issue. I have tried to bring up this issue with various MF AMC heads/VPs whenever they visited Mysore, but they only give a stereo typed answer "we have taken up the matter with SEBI". What happened afterwords? Does anybody followup on this? It is a million dollar question with no answer. It looks like even AMCs are not serious on this issue. Individually, we should all write to SEBI Chairman and request him look into this matter with some great urgency apart from trying it through various IFA Associations. Let us hope some good sense prevails upon them.

I agree with Mr viral panthaky views on brokerage on mutual funds advisors own investments.In all other investment options Broker earn brokerage on their own investments.In Mutual Fund also SEBI should make amendment in this rule.So that Broker could get brokerage and trail on mutual fund investment also.This issue should be raised through effective way.

Mr. Panthaky's argument makes sense. It should be given due consideration and if possible this silly stipulation should be done away with

you have been paid 2.25 % upfront till aug 2009 as you have brought the person who are not knowing about mutual fund by explaining it to them. latter on same base is repeated so your brkg is brought to 0.4-0.5%. but they fill that your work is over and peoples are self motivated and they will come to mf so your brkg will be ZERO in direct sales as they are having address of your old customers . NOW MAIN QUESTION AS YOU ARE INVESTING FOR YOUR BETTERMENT AND YOU HAVE TO WORK FOR THAT FREE FOR SELF DONT COMPAIRE WITH INSR OR OTHERS AS AMFI IS 'ITS DIFFERENT'

this is a very good rule which is protecting us from greedy persons. i will try to explain , i know a number of Mutual Fund investors --big as such has asked their family members to take ARN code just to save the commissions which would have been paid to a distributor. Same is true with LIC clients . you also if search nearby will find " agents "who are not into the profession but just serve the policies of their family members and self. minimum business performance gurantee is another tool to check that people do not enter into our profession just to save commissions.

AMFI & SEBI are a big joke. Look at the flips and flops they conjure, day in and day out. They want us to cheat. This is the way the system works in this country. Mera Bharat Mahan.

SEBI AND AMFI HAS ONLY BIASED ATTITUDE TOWARDS DISTRIBUTOR. THEY ARE UNABLE TO GIVE ANY VALID REASON FOR SUCH REGULATIONS. THEY MUST FOLLOW OTHER FINANCIAL INSTITUTION LIKE LIC , GOI BONDS , AND CORPORATE FIXED DEPOSITS.

YOUR COMMENTS ARE 100% LOCIGAL. BUT HOW TO MAKE NONHUMAN TO SEE THE LOGIC, WHO HAS NO MIND. SEBI UNDERSTANDS ONLY NEGATIVE POINTS AGAINST THE DISTRIBUTORS. MOBILE 0911319460

I AM ALSO SAME WITH YOU.

this rule is gr8 joke. can anyone from SEBI & AMFI give any valid reason for such regulation. i think AMFI / SEBI know that MF distributors cant earn enough & afford to invest in risky equity products. So, it will be better to keep them away from such product.

I remember banks at one time offered a higher interest rate which was usually 1% to staff if they placed deposits in their own names. I am not sure whether the above policy is still in force. This was to discourage the employee approaching a competitor and placing his savings with them. Why not the same policy for an IFA who has surplus funds to invest in MF?

Kings have no stomach. They need ears only.

YE INDIA HAI...............YAHAN SAB GALAT CHALTA HAI. RAMCHANDRA KAH GAYE SIYASE HANS [MF ADVISORS] CHUBHEGA DANA........AUR KAUVA [LIC AGENTS] MOTI KHAYEGA...........BHAI SAHAB SAB GALAT CHAL SAKTA HAI...........MERA BHARAT MAHAN

Who advise Others, he can't act per her own advise. Its a joke. So Individual who have software & etc , but he can't use for own. Bcoz his transaction can't come to upload in software. Why this??

I agree to what you have said.

SEBI SHOULD ALLOW THE UPFRONT&TRAIL ON OWN INVESTMENT DAYBY PEOPLE ARE WORRIED ABOUT GOVT POLICIES ALMOST EACH ONE IS NOT HAPPY DUE TO PROBLEMS IN THE SYSTEM CORUPTION,LETICATIONS IN SMALL SMALL THINGS ,CUT OFF IN SUBSIDIES,NEGETIVE ATTITUDE TOWARDS DEVELOPMENTS,POLITICIANS WANT PEOPLE ONLY FOR VOTE IN5YEARS

TOTALLY MEANINGLESS

I totally agree . It is maindless idea of some bureaucrate.

Yes, it is really disgusting. It is as if a Doctor cant take a medicine on his own inspite of being an Expert and has to seek another doctor's prescription. Mutual Funds have always been illtreated. Any other product can use a CELEBRITY for its ad but Mutual Funds cant!!