"We trust that you will avoid using harsh language and will refrain from making unsubstantiated allegations against individuals and firms. Your constructive feedback and opinions are very valuable to all of us in the industry. "
No, we should send a latter to investor that now you can not redeem your money from mutual fund as sebi provide a best protection to amcs that they can denied redemption more than 2lakh
vERY GOOD IDEA , THANKS
The approach seems vary casual, Isnt it more batter if you include below points in your letter ! 1. Has any of the AMC suggest EXIT or PROFIT booking call? ITs we ADVISER who analyze it and guide you to build your assets. 2. in the era of 15% service tax, a less then 1% brokerage, too much to manage your hard earn money invest wisely. 3. isnt it a good Idea a full time ADVISOR, giving you all sort of MF services at your door step.. Now its your Call - We appreciate the outcome !!
Now,MF industry is not worth, paying primary attention for IFAs.SEBI is saying , IFAs has only 10% AUM and determined to make it middle man free. This makes it certain that, in the near future even Regular plans will be banned. SEBI thinks that, IFAs utility has been properly used and now MF industry can survive without them. These indications are enough for us to think, whether MF business will be your primary business now??
Why Today as it is an advertisement of Private Sector Bank it is of a specific plan client may like to invest in other plan of PSU/UTI/ any other. It looks a bad idea and confuse the customer
Its look like free publicity for Direct option.
Highly Disappointed. The Headlines is so catchy and the content is a Big Flop. Except the "emotional" part, I do not think this email will have any impact whatsoever. Sorry. Not worth effort
It doesnt seem like a good idea..
Send this letter.... Push your clients to the world of Direct Investment. You will not have to take the obligation of others to dug your grave.
My view is same as Mr.Dweepeshs.
The letter mentions expense ratio of Regular Plan and Direct Plan. It does not mention the commission received by the Distributor. In a Regular Plan the Distributor may get up to 3.5% commission on equity funds. Fair disclosure should include the commission received over a period of time by the distributor
Please Send one more letter to the investor for saving 1.75% expense ratios and go to the brokerage house direct . What is the need of fund house , if you have such type of wisdom .
Requires a very bold person to do this, Admire the ifas integrity & confidence in his business.
Good attempt . the more interesting part would be the statistics of how many stayed on .
Its really fantastic .........we must some thing like this ................