Great job FIFA,CONGRATS.

Ive received a mail from UTI stating that w.e.f. 01/04/2016 due to changes in Service Tax rules, I as an IFA need to submit a Service Tax Invoice for the monthly commissions. My query is: My annual commission will not exceed the threshold limit of Rs. 9.00 lacs for registration under Service Tax Rules, thus ill not apply & procure the Service Tax Registration. Then how can I raise a Service Tax Invoice on the various AMCs & claim my commission every month? Please take up the matter with the FINMIN / SEBI / AMFI & related authorities.

I laud the efforts taken by the 3 IFAs for their efforts to highlight the discrepancy in the Morning Star GFIE report. I wish Wealth Forum had disclosed the names of the 3 individuals involved in preparing the strong rebuttal. Praise is also due to Vijay Venkatram for the biting Editorial

Well documented by FIFA. AMFI should have done this much earlier. Let us hope that going forward, AMFI plays its Role to safeguard Distributors from incorrect campaign done knowingly or unknowingly. Also, harrassment to Distributors, by deliberately painting wrong pucture MUST stop.

Kudos to the FIFA Team for bringing out such a great report.

Great Job FIFA ,Congrats. Request AMFI to take up this report with SEBI urgently.

when assumptions & perceptions are biased & wrong, decesions will always be negative & disatrous for the industry. PMO can be under RTI but not the SEBI. gr8 tranparency.

Gr8 Job done by FIFA. Thanks n All The Best

Excellent Job team FIFA, at least we have documented proof that TER in India is not as high as it is being made out to be. Let us hope that the regulator looks at this with an open mind before taking any decision.

Great efforts and so much time spent behind this research. Thanks FIFA team for the great analysis and timely following up. We all IFAs hope that the regulators will listen to this and take appropriate action accordingly to make the industry grow up.

great job FIFA

FIFA took lot of efforts to highlight the expense ratio is the least in India compared to other Nations in the World, which AMFI failed. WF rightly pointed out in its editorial the lapses. I wonder how SEBI, the regulatory body, has come to a conclusion of high expense without going into details by itself but merely followed a report which is erroneous? Kudos to FIFA and WF for bringing to the notice the correct position. SEBI should go through this report, and then take any decision regarding TER.

Gr8 Job done by FIFA. Thanks n All The Best

Very interesting & detailed analysis. I appreciate the hard work put in for all these data in a clear cut & in un-biased manner. Will SEBI pay attendtion to it befor their scheduled meet on 17-Jun ?

FIFA HAS DONE WONDERFUL JOB. PEOPLE BEHIND THE TEAM WORKING DAY NIGHT DESERVES AN STANDING OVATION . LETS WATCH SEBI MOVE.

FIFA took lot of efforts to highlight the expense ratio is the least in India compared to other Nations in the World, which AMFI failed. WF rightly pointed out in its editorial the lapses. I wonder how SEBI, the regulatory body, has come to a conclusion of high expense without going into details by itself but merely followed a report which is erroneous? Kudos to FIFA and WF for bringing to the notice the correct position.

great job ...fifa thanks to the IFAs for putting time and effort in something that will benefit the entire IFA community...shows the true motive of professionals working for the betterment of others... great job

Please send its hard copy to SEBI officials as they may not aware of it................as for many other info they are not !

Well done FIFA and IFA friends bringing the facts and opening eyes of AMFI and others. SEBI should read this and change their mind set and do some thing creative and positive...

Well done Vijay, you have given right voice and recognition to our friends who have done the yeoman job. shame to Amfi which has become mere vested interest body only...

Amazing analysis. Wonderful efforts to make the regulators understand the ground reality. The Job of AMFI is made simple by FIFA Team. Will Regulator hear us. Lets wait and see our voice is heard. Will know it on 17th Evening after the SEBI Meet.

Thanks to the IFAs who researched & prepared the report. Thanks FIFA for working in the right direction.

Thank you very much indeed FIFA and the three IFAs who spent their time and effort in researching to produce this excellent report. Truly a matter of great regret that they had to do the work of AMFI.

Well done, good job with lots of effort and thinking. Special appreciation to FIFA and our devoted Ifa friends. I feel morning star is definitely not working for our Indian investors and IFA.

This is a great effort from IFAs to clarify the expense ratio myths. Organisation such as Morningstar are manned by people who sound as newbies in the industry. The reports of kind published by Morningstar are written with hidden agendas, which conceal more than they reveal. It is a strong opinion that there are institutional(read FIIs) investor forces that are working overtime to see that the distribution in Indian mutual fund industry get destabilised. With the current distribution, the domestic investment is strong and it will not allow FIIS to play the stock market. Once the distribution gets destabilised, domestic inflows shall diminish and Indian stock markets shall be on mercy of FIIs, the way it has been for two decades now. SEBI needs to understand that making current distribution ten times will make domestic inflows so strong that Indians will create wealth and define the stock markets and not FIIs.

Excellent editorial cover. Just Brilliant. The efforts of the IFA friends in compiling, analyzing and presenting the data in appropriate form is just SUPERB. Hats off to the TEAM. There is clearly a nexus between regulator, body and few stake holders in this entire thing. Hope that some one see the facts and do the JUSTICE...

Such a shame that decisions are taken on reports which are not properly and objectively analysed.. Also, the role of AMFI is getting more and more murkier.. Imagine that an industry body is made to do all the research and advocacy work that AMFI is supposed to do. Well done FIFA and many thanks to the IfA friends who have put in the hard hours to compile it.

This is an excellent presentation trying to make the regulators understand the ground reality. Its the fate of the IFA fraternity to do such home work which actually is the job of AMFI. I do not understand why AMFI or AMCs are not coming out openly to support the IFAs for the right reason(s). Atleast now the regulators & AMFI should consider the ground realities before making any major decisions which may otherwise affect not only the industry but also the lives of many small & medium IFAs. We salute the FIFA and the 3 IFAs who have contributed their valuable time and energy in preparing this presentation and HOPE FOR THE JUSTICE.

Excellent research. But not sure that Sebi will give any importance about this. Thanks to those 3 IFAs for their hard work.

Well done.congratulations