A recent article in "Business Standard" was disturbing. There are only
15000 Advisors in the MF industry ! ?
Here are a few suggestions.
1. Educate Distributors.Ask Distributors to rethink on
past mistakes and make a Data Bank of Erroneous Advise.
This will also help New Advisors.
2. Take up Investor Education in a BIG WAY.
3. Facilitate and PAY advisors for Investor Education.
The 3rd point is very important and hope AMC's are listening.
SEBI too must contribute towards Investor Education IF SEBI
SERIOUSLY WISHES NEW(and old) RETAIL INVESTORS TO INVEST IN MUTUAL
FUNDS.