I do agree with Mr. Shrikant Kulkarni as still many investors are required to served at their doorstep. Those who invest by getting advise they get deviated from their future goals (eventhough we have explained that in long term equity has higher chances to get inflation adjusted returns) when they see much fall in the returns of equity. So to remain in theMF business we have to maintain our status as distributor

WE are both distributors as well as advisers. People want door services and so we serve them as distributors. They are not sure about prevailing good performing funds. They seek advise so we are advisers. One thing is sure, all my clients are investing in Mutual Fund because my services are available on a simple call, other wise this money would have gone to Bank as Bank fixed Deposit. Many have no time to go to fund house or to registrar to invest in Mutual Fund. Filling up form is a another problem for them. They want somebody who can take overall responsibility when it comes to investment in Mutual Funds. They want us to keep them informed about latest position of their investments in Mutual funds.

Thanks for reaffirming the truth. We get 2 types of clients - one who looks for investment opportunities ( dangerous lot, perhaps) and the other who wants to put his financial goals in order. To the former we are distributors and to the latter we are advisors. This dual personality in us will have to continue as long as there are varied type of clients. Wish SEBI/AMFI could realise this instead of looking how many CFPs are CFAs are there in the profession.

Industry has evolved and will evolve over a period of time and we need to gear up through this learning curve. Challenges yet to come and we need to upgrade our knowledge with the increase in expectation of clients to stay in the business.

sir, a good one indeed.thought provoking too.thanks a lot.

well said by all but Pradeep ji shared very practically.

thanks all panellists.

Good discussion.

Rightly said by all panelists.Thanks