Share Your Comments

Name*
Email*
ARN No/Firm Name*
City*
Comments*
Verification Code*
EGhg3n
Type the characters in the picture.
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.

Liked this article?
Rate it on WF Like-o-meter!

Name*
Email*
(Name and Email ID will not be displayed once you click Submit)
Your rating : Click the appropriate pointer from the 5 below
(Low signifies didn't like and High signifies liked a lot)
WF Like-o-Meter

Check out the WF Like-o-meter score for
this article
0
Comments Posted
Name : shah pavan mCity : pandharpur
ARN NO : 8001Date : 24 Dec 2012
Comments :
today i know about FIFA. WE EXCEPT FROM FIFA TO RESOLVE OUR PROBLEMS WHICH IS/WAS ARISES FROM AMC AS WELL REG AND TRANSFER FUND UNNECESSARY. I TAKE OPPORTUNITY TO THANKS MY FA ( LIKE ARN-1572,34858) WHO HAD GIVEN THEIR OPENION TO IMPROVE THE SYSTEM OF MF INDUSTRIES TO SMOOTH THE WORKING WITHOUT UN NECESSARY WORK. ( DONKEYWORK) LIKE -OLD BANKS DETAILS, OLD INVESTMENT PROOF (UTI CGGF & CCP) PLZ AVIOD SUCH DONKEY WE NEED TO INCREASE MF INDUSTRIES WITH THE HELP OF IFA .
Name : Rabinarayan mohantyCity : Cuttack
ARN NO : 2998 Date : 22 Jul 2012
Comments :
It is a ethically national level IFA organization.I agree with happy know this massage.
Name : rajeshCity : amritsar
ARN NO : 1572 Date : 16 Jul 2012
Comments :
THANKS FIFA TO SAFEGAUARD THE INTREST OF GENIUNE IFA TAKE ALL THE STEPS THAT ARE GOOD FOR INVESTORS & IFA!s. LIKE COMMON TRANSACTION FORM,COMMON APPLICATION FORM,SIMPLE PROCEDURE TO CHANGE BANK A/C,CHANGE OF ADDRESS,CHANGE OF APPLICANTS,MINOR TO MAJOR, NO NEED OF BANK ATTESTION, START OF ENTRY LOAD EASY SWITCHING BETWEEN FUNDS NO STT,NO TAX IMPLICATION BETWEEN FUNDS,LESS EQUITY OR NO EQUITY ACCORDING TO MARKET FUUL POWER TO FUND MANEGERS & MORE FUND MANEGERS & FUND HOUSES MAKE ACCOUNTABLE TO INVESTORS
Name : Uma Shankar MohapatraCity : Cuttack
ARN NO : 50000 Date : 13 Jul 2012
Comments :
I am happy to know about FIFA and I expect that the awaited FIFA will work for the betterment of IFA's. My support is always with the Foundation.
Name : UMA SHANKAR MAURYACity : New Dehi
ARN NO : ARN-69071 Date : 13 Jul 2012
Comments :
Entry load in mutual funds may be restored to meet the expenses of upfront commission paid by AMC to advosor & no entry load should be levied on direct application submitted by the investor. Thus a investor having knowledge about Mutual Funds, can make direct application & avoid entry load & investor having no knowledge about mutual funds facts, can take services of MF adviser. Most of investor are not aware of mutual funds facts & simultaneously does not want to pay advisory fess to MF adviser.
Name : SRIRAMCity : bangalore
ARN NO : 3439 Date : 13 Jul 2012
Comments :
1. Claw back of commissions in case of switching/redemptions within 1 year. Should be made mandatory for Regional distributors, National distributors and banks. Based on newspaper reports the national distributors/banks are doing well for themselves. 2.Launch of the amfi platform for IFAs. 3.Common forms and procedures. 4. All upfront commissions to be abolished. 5. Higher trail to be implemented.
Name : C N AnnaduraiCity : Coimbatore
ARN NO : 72403 Date : 13 Jul 2012
Comments :
It is indeed, highly necessary to have a nationwide forum for the welfare of IFAs whereas the cooperation from individual IFAs who are having different opinions, is a stumble block. At the same time, the entry load system as was ever before should be brought into force with immediate effect and proper monitoring should be had by the AMCs on a periodical basis. Let us hope for the best and be moved towards positive approach. C N Annadurai
Name : Santosh KumarCity : Patna
ARN NO : 48702 Date : 13 Jul 2012
Comments :
At present no comments.
Name : chandrashekharCity : nashik
ARN NO : 15259 Date : 13 Jul 2012
Comments :
why some AMC need previous bank account ,when client want to change the bank account.usless procedure adopted by some Mf companies.why every time third party form to be filled when investment in minors name,like additonal purchase or SIP Renewal.why residental proof required for change of address.when some are staying in rented house,when investment made through cheque,bank details are there,pan is submitted.it is irrespective whether address proof is essential while change in address.Revival of MF industry require some bold measures.
Name : PRAVASH CHANDRA ROUTCity : BHUBANESWAR
ARN NO : 68143 Date : 13 Jul 2012
Comments :
It is a nice proposal,which will suit all AMC.
Name : OM JAISWALCity : kanchrapara
ARN NO : 46389 Date : 13 Jul 2012
Comments :
I agree with you the point you have raised.I faced several times of non financial transactions like transmission of unit in the name of nominee or second holder.I think the transmission of folios should be in a standard format across all AMC.
Name : RamanCity : Chennai
ARN NO : 37581 Date : 13 Jul 2012
Comments :
A common form for all non-financial transaction across all AMCs will be a great help.
Name : Gokul Consultants Pvt LtdCity : Kolkata
ARN NO : 49022 Date : 13 Jul 2012
Comments :
According to our personal view all operational issues lies because of the minimal revenue we generate from selling & servicing the MF clients. What AMFI has done in recent past for the interest of the distributors? They have only increased the registration & renewal fees. Does AMFI & SEBI feels that they are giving away something extra what they used to give prior to 2009? What they have done in recent past for the education of the investors? As well why they have not penalized Banks & NDs for the malpractice of churning? What all they have done is abolishing the entry load ( curtailing the income) for the genuine distributors as well, may I ask what kind of justice is this? Why they just failed to find out some other mechanism to do away this kind of malpractice to safeguard the interest of the genuine & honest distributors? Still looking for these answers.
Name : HANOZ MEHTACity : SURAT
ARN NO : 34858 Date : 13 Jul 2012
Comments :
1.PAYOUT STRUCTURE NEEDS TO BE BETTER. EVEN PARKING A VEHICLE AT OFFICE PREMISES YOU NEED TO PAY. HOW CAN A CUSTOMER BE SO SELF CENTRIC AND DEMAND A ZERO CUT IN HIS INVESTMENTS? ARE WE RUNNING A CHARITABLE CAUSE? EDUCATE CUSTOMERS, THAT ALL GOOD THINGS COME WITH A PRICE AND THATS BENEFICIAL TO THEM. 2.DUPLICATION OF WORK IN OPERATIONAL PROCEDURES SHOULD BE TACKLED. SINGLE KYC FOR ALL. 3.COMMON APP FORMS, REDEMTION AND OTHER SERVICE FORMS TO MAINTAIN UNIFORMITY AND AVOID CONFUSION. 4.EACH SERVICE REQUEST SHOULD BEAR A MINIMUM AMOUNT OF REMUNERATION.THIS WILL LEAD TO GENUINE REQUESTS COMING IN AND PEOPLE WILL BE CAREFUL WHILE FILLING UP FORMS AND GIVE CORRECT INFORMATION. 5. DIGNITY OF WORK. BETTER RECOGNITION FOR THE WORK AND SERVICE WE PROVIDE TO THE CUSTOMERS.
Name : shivaji n bartakeCity : mumbai
ARN NO : 7819 Date : 13 Jul 2012
Comments :
Mutual Funds like HDFC MF-insist that in case an investor wants to discontinue existing SIP subscription, the request has to be on a SIP form in which all details like the start date, end date ,bank details etc are to be provided instead of a simple request on a plain paper in which one can give essential details like folio no, scheme name, SIP amount etc. One can imagine the difficulties of the investor who is 3 year into a scheme and who has changed the bank half way for paying the installments and to dig out all information of the first bank details just for closing the SIP. Moreover he may not readily have the SIP form to do all this.
Name : Sunil Kumar GuptaCity : kolkata
ARN NO : 1103 Date : 13 Jul 2012
Comments :
(A)As for procedures are concerned there should be a single format for application forms,switch,redemptions etc. (B) a common website for distributors to download account statements of their clients (C)brokerage & commissions can be range wise for application size Rs.upto 10,000 3% 10,000 -1,00,000 2% 1,00,000 -50,00,000 1% 50 lacs and above 0.5%
Name : DeepakCity : New Delhi
ARN NO : 44896 Date : 13 Jul 2012
Comments :
Standardize The Forms & Procedure across all AMC. Promote online Platform with Wide range of Products through ARN holder, Financial Planners. All AMC should hire Expericed MFund Advisers & Financial Planners.
Name : DEBRAJ SENGUPTACity : KOLKATA
ARN NO : ARN-38509 Date : 12 Jul 2012
Comments :
This is indeed good move by FIFA. Mutual fund houses follow different procedures for same issues like CHANGE OF BANK, SIGNATURE MISMATCH, MINOR ATTAINING MAJORITY and many a times comfortably bypass the issue by passing the buck to CAMS.
Name : Nilesh KAMERKARCity : Mumbai
ARN NO : 49016 Date : 12 Jul 2012
Comments :
If the Entry load ban has brought MF industry to a grinding halt, the the answer is obvious. SEBI simply has to undo what they have done. why burden the investors with an additional annual charge of 0.25% & that too on a presumably growing asset base. This would mean the longer an investor stays invested the more he pays. What is anti-investor1) a one time charge or ii) a recurring annual charge on growing assets.
Name : Krishna Gopal GuptaCity : Kalyan
ARN NO : 28233 Date : 12 Jul 2012
Comments :
When banks (Corporate distributors) can attest signatures of investors and can charge them as well, why IFAs are not permitted to verify the signature of their own investors at least and that too FREE OF COST? Is this against the cause of investors? This is important when IFAs are registered with AMFI and have been paying fees for their own continuing with them along with bio-tests. So, if some IFAs play mischief, he alone would be responsible for the same. Does banks not play any mischief? Has any bank in the history not played the mischief? So, this should not be the basis for denying this genunini demand of IFAs.
Name : devanand n aminCity : anand
ARN NO : 16700 Date : 12 Jul 2012
Comments :
I challenge our so called regulatory body 'SEBI' for debate on " no entry load on mf"s " only. I ask them straightway What actions they have taken to stop over premium IPO"s since 1995 so far i observed ? Why they have always sanctioned all ipo"s during peak periods of sensex only ? Just to pass on high commissions to broakers only & to cheat to investors only? Compare IPO"S V/S NFO"S. Performances of nfo"s are far better than ipo"s. What actions taken ? Mf is not only the industry where losses observed. Does it mean that losses of @ 10% to 15% are due to an entry load of just 2%? Track me a single financial product selling in market without commission...It exactly equal as a men living without breath & a fish living on an earth...shame... shame... on SEBI ? I doubt these all happens only because MF industry is unable to fulfill their personal demands....!!!
Name : MOHSIN BIJEPURICity : CHENNAI
ARN NO : 33913 Date : 12 Jul 2012
Comments :
A Federation of IFA's should first and foremost look within themselves to correct the anomaly of inviting both IFA's & associations as their members. IFA's should be asked to become members of their local regional association and the regional association in turn should be a member of a Federation. If there is no local association the Federation should work with others in that region to help form an association.
Name : Asoke RoyCity : Kolkata
ARN NO : 50124 Date : 12 Jul 2012
Comments :
A common Transaction form is required. For inclusion of 2nd holder why KARVY is different from CAMS?
Name : Integrated Money Matters P. Ltd.City : New Delhi
ARN NO : 3297 Date : 12 Jul 2012
Comments :
IF Mutual Funds have to survive, common application form and common transaction slip have to be introduced. Fail to understand, why this could not be implemented so long. ICICI Prudential AMC accepted our suggestion insofar as NFOs are concerned. They are accepting subscriptions on a TS for the existing investors. We had sent to suggestion to AMFI more than two years ago. But, there is no response !?!?!?
Name : SHIBU DASCity : KOLKATA
ARN NO : 64609 Date : 12 Jul 2012
Comments :
At last the voice of IFAs who form an integral and perhaps the most important part of the Mutual Fund industry is being heard. This is a great opportunity for all of us to unite and present a cohesive picture to the government/ regulators. I request all IFAs across the country to join FIFA to make it a representative PAN India body. As the old saying goes.......... "Don't complain of noise when opportunity knocks".
Name : RAVI GANGADHARANCity : Bangalore
ARN NO : ARN 30047 Date : 12 Jul 2012
Comments :
1.The process for change in bank is different for different amc can it not be made uniform across all amc, 2. A commomn Transaction form for all AMC in a standard format will make uniformity in process , 3.a common time frame for financial and non financial transactions.
Submit Your Comments
Name
ARN No/Co Name
Comments
Verification Code
* Email *
* City *
*
*
EGhg3n
Type the characters in the picture.
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.
 
Comments Posted
Name : shah pavan mCity : pandharpur
ARN NO : 8001Date : 24 Dec 2012
Comments :
today i know about FIFA. WE EXCEPT FROM FIFA TO RESOLVE OUR PROBLEMS WHICH IS/WAS ARISES FROM AMC AS WELL REG AND TRANSFER FUND UNNECESSARY. I TAKE OPPORTUNITY TO THANKS MY FA ( LIKE ARN-1572,34858) WHO HAD GIVEN THEIR OPENION TO IMPROVE THE SYSTEM OF MF INDUSTRIES TO SMOOTH THE WORKING WITHOUT UN NECESSARY WORK. ( DONKEYWORK) LIKE -OLD BANKS DETAILS, OLD INVESTMENT PROOF (UTI CGGF & CCP) PLZ AVIOD SUCH DONKEY WE NEED TO INCREASE MF INDUSTRIES WITH THE HELP OF IFA .
Name : Rabinarayan mohantyCity : Cuttack
ARN NO : 2998 Date : 22 Jul 2012
Comments :
It is a ethically national level IFA organization.I agree with happy know this massage.
Name : rajeshCity : amritsar
ARN NO : 1572 Date : 16 Jul 2012
Comments :
THANKS FIFA TO SAFEGAUARD THE INTREST OF GENIUNE IFA TAKE ALL THE STEPS THAT ARE GOOD FOR INVESTORS & IFA!s. LIKE COMMON TRANSACTION FORM,COMMON APPLICATION FORM,SIMPLE PROCEDURE TO CHANGE BANK A/C,CHANGE OF ADDRESS,CHANGE OF APPLICANTS,MINOR TO MAJOR, NO NEED OF BANK ATTESTION, START OF ENTRY LOAD EASY SWITCHING BETWEEN FUNDS NO STT,NO TAX IMPLICATION BETWEEN FUNDS,LESS EQUITY OR NO EQUITY ACCORDING TO MARKET FUUL POWER TO FUND MANEGERS & MORE FUND MANEGERS & FUND HOUSES MAKE ACCOUNTABLE TO INVESTORS
Name : Uma Shankar MohapatraCity : Cuttack
ARN NO : 50000 Date : 13 Jul 2012
Comments :
I am happy to know about FIFA and I expect that the awaited FIFA will work for the betterment of IFA's. My support is always with the Foundation.
Name : UMA SHANKAR MAURYACity : New Dehi
ARN NO : ARN-69071 Date : 13 Jul 2012
Comments :
Entry load in mutual funds may be restored to meet the expenses of upfront commission paid by AMC to advosor & no entry load should be levied on direct application submitted by the investor. Thus a investor having knowledge about Mutual Funds, can make direct application & avoid entry load & investor having no knowledge about mutual funds facts, can take services of MF adviser. Most of investor are not aware of mutual funds facts & simultaneously does not want to pay advisory fess to MF adviser.
Name : SRIRAMCity : bangalore
ARN NO : 3439 Date : 13 Jul 2012
Comments :
1. Claw back of commissions in case of switching/redemptions within 1 year. Should be made mandatory for Regional distributors, National distributors and banks. Based on newspaper reports the national distributors/banks are doing well for themselves. 2.Launch of the amfi platform for IFAs. 3.Common forms and procedures. 4. All upfront commissions to be abolished. 5. Higher trail to be implemented.
Name : C N AnnaduraiCity : Coimbatore
ARN NO : 72403 Date : 13 Jul 2012
Comments :
It is indeed, highly necessary to have a nationwide forum for the welfare of IFAs whereas the cooperation from individual IFAs who are having different opinions, is a stumble block. At the same time, the entry load system as was ever before should be brought into force with immediate effect and proper monitoring should be had by the AMCs on a periodical basis. Let us hope for the best and be moved towards positive approach. C N Annadurai
Name : Santosh KumarCity : Patna
ARN NO : 48702 Date : 13 Jul 2012
Comments :
At present no comments.
Name : chandrashekharCity : nashik
ARN NO : 15259 Date : 13 Jul 2012
Comments :
why some AMC need previous bank account ,when client want to change the bank account.usless procedure adopted by some Mf companies.why every time third party form to be filled when investment in minors name,like additonal purchase or SIP Renewal.why residental proof required for change of address.when some are staying in rented house,when investment made through cheque,bank details are there,pan is submitted.it is irrespective whether address proof is essential while change in address.Revival of MF industry require some bold measures.
Name : PRAVASH CHANDRA ROUTCity : BHUBANESWAR
ARN NO : 68143 Date : 13 Jul 2012
Comments :
It is a nice proposal,which will suit all AMC.
Name : OM JAISWALCity : kanchrapara
ARN NO : 46389 Date : 13 Jul 2012
Comments :
I agree with you the point you have raised.I faced several times of non financial transactions like transmission of unit in the name of nominee or second holder.I think the transmission of folios should be in a standard format across all AMC.
Name : RamanCity : Chennai
ARN NO : 37581 Date : 13 Jul 2012
Comments :
A common form for all non-financial transaction across all AMCs will be a great help.
Name : Gokul Consultants Pvt LtdCity : Kolkata
ARN NO : 49022 Date : 13 Jul 2012
Comments :
According to our personal view all operational issues lies because of the minimal revenue we generate from selling & servicing the MF clients. What AMFI has done in recent past for the interest of the distributors? They have only increased the registration & renewal fees. Does AMFI & SEBI feels that they are giving away something extra what they used to give prior to 2009? What they have done in recent past for the education of the investors? As well why they have not penalized Banks & NDs for the malpractice of churning? What all they have done is abolishing the entry load ( curtailing the income) for the genuine distributors as well, may I ask what kind of justice is this? Why they just failed to find out some other mechanism to do away this kind of malpractice to safeguard the interest of the genuine & honest distributors? Still looking for these answers.
Name : HANOZ MEHTACity : SURAT
ARN NO : 34858 Date : 13 Jul 2012
Comments :
1.PAYOUT STRUCTURE NEEDS TO BE BETTER. EVEN PARKING A VEHICLE AT OFFICE PREMISES YOU NEED TO PAY. HOW CAN A CUSTOMER BE SO SELF CENTRIC AND DEMAND A ZERO CUT IN HIS INVESTMENTS? ARE WE RUNNING A CHARITABLE CAUSE? EDUCATE CUSTOMERS, THAT ALL GOOD THINGS COME WITH A PRICE AND THATS BENEFICIAL TO THEM. 2.DUPLICATION OF WORK IN OPERATIONAL PROCEDURES SHOULD BE TACKLED. SINGLE KYC FOR ALL. 3.COMMON APP FORMS, REDEMTION AND OTHER SERVICE FORMS TO MAINTAIN UNIFORMITY AND AVOID CONFUSION. 4.EACH SERVICE REQUEST SHOULD BEAR A MINIMUM AMOUNT OF REMUNERATION.THIS WILL LEAD TO GENUINE REQUESTS COMING IN AND PEOPLE WILL BE CAREFUL WHILE FILLING UP FORMS AND GIVE CORRECT INFORMATION. 5. DIGNITY OF WORK. BETTER RECOGNITION FOR THE WORK AND SERVICE WE PROVIDE TO THE CUSTOMERS.
Name : shivaji n bartakeCity : mumbai
ARN NO : 7819 Date : 13 Jul 2012
Comments :
Mutual Funds like HDFC MF-insist that in case an investor wants to discontinue existing SIP subscription, the request has to be on a SIP form in which all details like the start date, end date ,bank details etc are to be provided instead of a simple request on a plain paper in which one can give essential details like folio no, scheme name, SIP amount etc. One can imagine the difficulties of the investor who is 3 year into a scheme and who has changed the bank half way for paying the installments and to dig out all information of the first bank details just for closing the SIP. Moreover he may not readily have the SIP form to do all this.
Name : Sunil Kumar GuptaCity : kolkata
ARN NO : 1103 Date : 13 Jul 2012
Comments :
(A)As for procedures are concerned there should be a single format for application forms,switch,redemptions etc. (B) a common website for distributors to download account statements of their clients (C)brokerage & commissions can be range wise for application size Rs.upto 10,000 3% 10,000 -1,00,000 2% 1,00,000 -50,00,000 1% 50 lacs and above 0.5%
Name : DeepakCity : New Delhi
ARN NO : 44896 Date : 13 Jul 2012
Comments :
Standardize The Forms & Procedure across all AMC. Promote online Platform with Wide range of Products through ARN holder, Financial Planners. All AMC should hire Expericed MFund Advisers & Financial Planners.
Name : DEBRAJ SENGUPTACity : KOLKATA
ARN NO : ARN-38509 Date : 12 Jul 2012
Comments :
This is indeed good move by FIFA. Mutual fund houses follow different procedures for same issues like CHANGE OF BANK, SIGNATURE MISMATCH, MINOR ATTAINING MAJORITY and many a times comfortably bypass the issue by passing the buck to CAMS.
Name : Nilesh KAMERKARCity : Mumbai
ARN NO : 49016 Date : 12 Jul 2012
Comments :
If the Entry load ban has brought MF industry to a grinding halt, the the answer is obvious. SEBI simply has to undo what they have done. why burden the investors with an additional annual charge of 0.25% & that too on a presumably growing asset base. This would mean the longer an investor stays invested the more he pays. What is anti-investor1) a one time charge or ii) a recurring annual charge on growing assets.
Name : Krishna Gopal GuptaCity : Kalyan
ARN NO : 28233 Date : 12 Jul 2012
Comments :
When banks (Corporate distributors) can attest signatures of investors and can charge them as well, why IFAs are not permitted to verify the signature of their own investors at least and that too FREE OF COST? Is this against the cause of investors? This is important when IFAs are registered with AMFI and have been paying fees for their own continuing with them along with bio-tests. So, if some IFAs play mischief, he alone would be responsible for the same. Does banks not play any mischief? Has any bank in the history not played the mischief? So, this should not be the basis for denying this genunini demand of IFAs.
Name : devanand n aminCity : anand
ARN NO : 16700 Date : 12 Jul 2012
Comments :
I challenge our so called regulatory body 'SEBI' for debate on " no entry load on mf"s " only. I ask them straightway What actions they have taken to stop over premium IPO"s since 1995 so far i observed ? Why they have always sanctioned all ipo"s during peak periods of sensex only ? Just to pass on high commissions to broakers only & to cheat to investors only? Compare IPO"S V/S NFO"S. Performances of nfo"s are far better than ipo"s. What actions taken ? Mf is not only the industry where losses observed. Does it mean that losses of @ 10% to 15% are due to an entry load of just 2%? Track me a single financial product selling in market without commission...It exactly equal as a men living without breath & a fish living on an earth...shame... shame... on SEBI ? I doubt these all happens only because MF industry is unable to fulfill their personal demands....!!!
Name : MOHSIN BIJEPURICity : CHENNAI
ARN NO : 33913 Date : 12 Jul 2012
Comments :
A Federation of IFA's should first and foremost look within themselves to correct the anomaly of inviting both IFA's & associations as their members. IFA's should be asked to become members of their local regional association and the regional association in turn should be a member of a Federation. If there is no local association the Federation should work with others in that region to help form an association.
Name : Asoke RoyCity : Kolkata
ARN NO : 50124 Date : 12 Jul 2012
Comments :
A common Transaction form is required. For inclusion of 2nd holder why KARVY is different from CAMS?
Name : Integrated Money Matters P. Ltd.City : New Delhi
ARN NO : 3297 Date : 12 Jul 2012
Comments :
IF Mutual Funds have to survive, common application form and common transaction slip have to be introduced. Fail to understand, why this could not be implemented so long. ICICI Prudential AMC accepted our suggestion insofar as NFOs are concerned. They are accepting subscriptions on a TS for the existing investors. We had sent to suggestion to AMFI more than two years ago. But, there is no response !?!?!?
Name : SHIBU DASCity : KOLKATA
ARN NO : 64609 Date : 12 Jul 2012
Comments :
At last the voice of IFAs who form an integral and perhaps the most important part of the Mutual Fund industry is being heard. This is a great opportunity for all of us to unite and present a cohesive picture to the government/ regulators. I request all IFAs across the country to join FIFA to make it a representative PAN India body. As the old saying goes.......... "Don't complain of noise when opportunity knocks".
Name : RAVI GANGADHARANCity : Bangalore
ARN NO : ARN 30047 Date : 12 Jul 2012
Comments :
1.The process for change in bank is different for different amc can it not be made uniform across all amc, 2. A commomn Transaction form for all AMC in a standard format will make uniformity in process , 3.a common time frame for financial and non financial transactions.