I completely agree. .Keep posting.Let our voices be heard.

I agree with the author.I have migrated from Mumbai to Haridwar.I am facing tremendous problems here.First investor awareness,its so poor even in educated class leave alone uneducated or partially educated.If I concentrate on this which I am highly motivated to do,I am spending so much time money and energy on it that I nothing to spare on selling. Training and selling are both full time jobs in themselves. I do not mind concentrating on it but I should be paid for it,all materials and facilities be made available.My yearly business should be looked and audited from this perspective too.Secondly regular moving to interiors and sorrounding areas is difficult for IAP's as well as selling due to poor transport facilities. If SEBI can create a system to arrange this in teams and groups there can be more regularity in the work,therefore acheivable results.AMC's should not do this as these programmes will definitely be biased to project their products atleast indirectly.

Great thinking, vision & Idea by Pradip. SEBI has to re-think it's strategy of implication KYC to small & new retail investors. Instead of copying UK, US think for Indians attitude than implicate the policy. S.S.Kaushik

we all agree that after removal of entry load mutual fund industry made negative growth. for that we all blame regulators. creating infrastructure - roads means every things should come from regulators and manufacturers and nothing from distributor side is not a right approach. if we want to earn from mutual fund industry than as a distributor is our duty to understand all mutual products. what is risk in investing and what will be the return. unless this concepts are clear we can not serve our investors in a better way. unless we create value for our investor how we expect income from that job. 20 to 25 % increase from present commission structure will be a good remuneration. presently regulators are working on it. i have increase my commission income from mutual funds in last 4 years. presently i am earning more income from mutual fund commission than my life insurance and general insurance commission.

Sir, It's a great Thinking, Great Vision, Industry Regulator should think the reality and take the steps immediately to run the lovely car smoothly.

Check out more article from Pradip Chakraborty http://blog.rightchoice4you.com

I totally agree .It is time to act.But after yesterday's SEBI BOARD meeting, it clear that regulator is still beating around the bush. They have yet to diagonise the ailment and treating patients by trial and error method.

Excellent Article. Action needed by Regulators

AT PRESENT INFLATION IS GOING ON, PRICES ARE GOING HIGH LEVEL, BUT MUTUAL FUND ADVISERS COMMISSIONS HAD GONE DOWN, AT PRESENT SITUATION, WHY SHOULD WORK FREE OF COST AS MF ADVISER.

true words ...

i agree with Mr. Chakraborty as we are in the field we know how to develop the area of work but for that require official support both the way physically and financially.

Marketing can be defined as 4Ps 1st one Product,2nd one Place,3rd one price,4th one Promotion.Further we can analyse each P according to stretegy and goal they set to market the product.Any way there are lot of changes have taken place and in future also lot of changes will take place.Hence IFAs should diegest the changes and prepare to diegest the changes.We all hope for the best.

A wonderful idea to start with to which law makers should defenitely invite IFAs suggestions like Mr.pradips.Afterall we are in the field to know the areas of improvement unlike some unilateral decisions taken by authorities concerned.

If the industry is giving @ 1 or 2 % commission to the distributor as up front till that time mf industry is facing the degrowth. Because nobudy wants to work free of cost in our country.

we all are waiting for good time

Going on diagonising the ills of MF industry will not do any good to industry or the stake holders . We have to start the treatment or else the patient may die a natural death. Hence the points discussed by our friend from kolkata are significant and to be adressed without loss of time.

Sir, very well scripted. Actually the most imp point the industry have been pondering over the last few years is whether the egg came first or the chicken, whether to set up infrastructure first or let the biz start to come in and then set up infrastructure. your example of tower cos i think seals the discussion. Lets hope somebody is reading.

3. LIC made their agents feel proud. I had seen people sticker their bikes with LIC’s name. Have we Mutual Fund advisors/distributors ever made to feel that Pride? In spite of the facts that passing a Mutual Fund exam is a much tougher proposition when compared to passing insurance exam, deciding to distribute mutual funds even with such low remuneration model in it self requires some amount of honesty on the part of advisor, the media and the regulator make us feel as if all of us are thieves and make us feel un-wanted. Like an army which marches on, on its pride, we too deserve to feel proud. After all we are taking a wonderful financial product like Mutual Fund to the masses, to make them financially better positioned and consequently contributing to the improved quality of their lives.

2.LIC doesn’t create language barriers. It gives the policy documents in English as well as in local languages. As we are too efficient an industry/too transparent an industry we consider it below our dignity to provide our communication in peoples’ mother tongues/local languages. We don’t even bother providing our websites in Local languages. If one wants to invest in Mutual Funds and if one wants to understand them, one should learn English and then only should come to us. See, LIC should learn from us, not us from LIC!!(an Industry full of arrogance-Hence the price we are paying today)

We as an industry can certainly learn a few things from the penetration levels of LIC. 1. LIC takes care of its agents, no matter what. Most of the IFAs / advisors / distributors are in the Mutual Fund industry to earn a decent living. We are not bothered too much about becoming crorepathis. If we know with reasonable surety that our future is safe, we will be more than willing to work. Sadly, the industry is failing to inspire that confidence. In fact we are being thrown in to uncertainty with ever changing regulation, which eats in to whatever little confidence that we have now.

Well thought and well articulated article. with minor changes it can be implemented under the AMFI...

REAL THINK TANK

Great thought

ENTIRELY AGREE. This is Exactly what I am telling AMC's for last 3 years.ALAS who listens to a tiny distributor !!!?

we all are waiting for good time

Dada"we want the roads now we will run the car fast"

Very pragmatic view on the whole industry....I appreciate it with hope that some structural changes may happen....

"Sir Your articale caption Says... All."

Dada, We are proud of you. The Suggestions should be taken care by Industry immediately. We all are waiting.

Hats Off To You Sir....Gr8 Suggestions