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Comments Posted
Name : sk nasim ahmedCity : kolkata
ARN NO : 7092Date : 02 Nov 2015
Comments :
Thanks for the information.Hope you could help me how to increase the sales of MUTUAL FUND.
Name : CHIRAG NANAVATICity : MUMBAI
ARN NO : KUBER AASHISHDate : 30 Oct 2015
Comments :
All said and done, whatever steps that the regulator takes for the investor, the guidelines always favour the bigger fish, in this case the banks and the financial institutions. Of all the complaints registered with the regulator regarding misselling and the like, the major culprits are the banks and the financial institutions, whether it is the foreign banks, in the guise of structured products or the Indian ciunterparts misselling tratiditional products as single pay. The worst part and the saddest part is that the average investor, because of lack of education is completely unaware about the product and he places more trust in his traditional agent, who himself is not adequately educated. Today also, the minimum regulation for taking up an LIC agency is Stabdard X or XII. The dustributors or the advisors themselves need to be educated and then only things can go in the right durection.
Name : Amit Kumar DasCity : Calcutta
ARN NO : 35318Date : 09 Sep 2015
Comments :
Dear Sir, Please shed some light on why service tax is still being deducted from brokerage.
Name : Nilesh KAMERKARCity : Mumbai
ARN NO : CAPITAL PARTNERDate : 08 Sep 2015
Comments :
Over the years, Wealth Forum has proven to be an extremely dependable & useful resource for the IFA fraternity. One suggestion - now, kindly consider transforming Wealth Forum into a medium for guiding & hand-holding IFAs on alternate growth oriented & rewarding career options.
Name : Raj TalatiCity : Vadodara
ARN NO : 3535Date : 08 Sep 2015
Comments :
Great analysis and indepth details about positives and negatives of report. Rather was waiting for your analysis since report was published. Thanks Vijay for summarizing 100 page report in simpler form.
Name : Amol ChitaleCity : SOLAPUR
ARN NO : 30587Date : 08 Sep 2015
Comments :
Dear Mr Desai. Kindly Do NOT bring ANY Govt. Organisation into this. I would rather accept No Commissions (fee based model) than bringing the Govt into this. Sorry for the personal comment.
Name : Amol ChitaleCity : SOLAPUR
ARN NO : 30587Date : 08 Sep 2015
Comments :
The idea of Mis-selling and curbing the same is good. However as said by Amit Das "Foot Soldiers will be on the back foot". A reducing trail model does not look like a good idea. It is only through sheer perseverance that Distributors have convinced clients to go for Long term SIPs. It is only after a Distributor gathers an AUM of at least 10 crores the distributor starts earning something meaningful. GATHERING AN AUM OF 10 CRORES WITHOUT MIS-SELLING IS A VERY DIFFICULT TASK.
Name : DB DESAICity : KUDAL
ARN NO : 0234Date : 08 Sep 2015
Comments :
I would again call it a belated wisdom because establishing an all encompassing regulatory body for distribution of all financial products including Banks, post offices, all types of insurances, equity, mutual funds, pensions funds, real estate products etc. etc. was a suggestion made by me in some such forums long long back. I would further suggest that there can be an Govt. sponsored or regulated organisation which appoints these distributors and pay them. That organisation should get fees from the manufacturers, regulate the distributors and pay them. Let this govt. organisation earn the way these regulators are advising the IFAs to earn.
Name : DB DESAICity : KUDAL
ARN NO : 0234Date : 08 Sep 2015
Comments :
India is our country. All Indians are brothers and sisters. SEBI.IRDA, PFRDA etc. are all there for our brothers and sisters. But these bodies are established by the Govt. elected by our brothers and sisters and the role expected of the Govt. is to work for welfare of all brothers and sisters and only the brothers and sisters who buy mutual funds, or insurance or pension schemes. They buy medicines, they travel, they seek education, they buy or use or consume various products and services and everywhere they pay unknown amount of commission, fees, profits, margins, charges etc. etc. They buy houses. It is reported in newspapers that our brothers and sisters pay for the services which should have come to them free from the Govt. itself. only 3/4% are investing in mutual funds. Why the Govt. is not worried about balance 95%?
Name : S GANESHCity : Madurai
ARN NO : 50521Date : 08 Sep 2015
Comments :
MF DISTRIBUTION (OR) ADVISORY BUSINESS IS NO LONGER A BREAD WINNING OCCUPATION. WHO EARNED SO FOR, CANNOT EARN IN FUTURE. WHO ENTER RECENTLY AS A WHOLE TIME OCCUPATION MUST RECONSIDER THEIR DECISION
Name : Arvind Thakur City : Sunder Nagar
ARN NO : ARN 49611 Date : 08 Sep 2015
Comments :
I dont agree with the panel recommendations. I dont think all IFA are greedy and commission oriented. I think who work for commission no more can sustain themselves for a long time in this field. Business without ethics cant survive more. No members in the panel is direct related with the sales force. All members are top management and so called media man or retired personal. A sales force man know the ground reality more than so called experienced personal. These all have experienced to promote this type of business tactics and today they are retire life and wants to say themselves well wishers of common investor. Where was there ethics when were recommended high commission and where was there media when they getting high priced advertised material and where was there ethics when they signing on high commission policies and where was there ethics when they getting high salaries.
Name : Amit Kumar DasCity : Calcutta
ARN NO : 35318Date : 08 Sep 2015
Comments :
In this way there will be no foot soldiers on commission basis for mutual funds.
Submit Your Comments
Name
ARN No/Co Name
Comments
Verification Code
* Email *
* City *
*
*
XP9ffL
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 : sk nasim ahmedCity : kolkata
ARN NO : 7092Date : 02 Nov 2015
Comments :
Thanks for the information.Hope you could help me how to increase the sales of MUTUAL FUND.
Name : CHIRAG NANAVATICity : MUMBAI
ARN NO : KUBER AASHISHDate : 30 Oct 2015
Comments :
All said and done, whatever steps that the regulator takes for the investor, the guidelines always favour the bigger fish, in this case the banks and the financial institutions. Of all the complaints registered with the regulator regarding misselling and the like, the major culprits are the banks and the financial institutions, whether it is the foreign banks, in the guise of structured products or the Indian ciunterparts misselling tratiditional products as single pay. The worst part and the saddest part is that the average investor, because of lack of education is completely unaware about the product and he places more trust in his traditional agent, who himself is not adequately educated. Today also, the minimum regulation for taking up an LIC agency is Stabdard X or XII. The dustributors or the advisors themselves need to be educated and then only things can go in the right durection.
Name : Amit Kumar DasCity : Calcutta
ARN NO : 35318Date : 09 Sep 2015
Comments :
Dear Sir, Please shed some light on why service tax is still being deducted from brokerage.
Name : Nilesh KAMERKARCity : Mumbai
ARN NO : CAPITAL PARTNERDate : 08 Sep 2015
Comments :
Over the years, Wealth Forum has proven to be an extremely dependable & useful resource for the IFA fraternity. One suggestion - now, kindly consider transforming Wealth Forum into a medium for guiding & hand-holding IFAs on alternate growth oriented & rewarding career options.
Name : Raj TalatiCity : Vadodara
ARN NO : 3535Date : 08 Sep 2015
Comments :
Great analysis and indepth details about positives and negatives of report. Rather was waiting for your analysis since report was published. Thanks Vijay for summarizing 100 page report in simpler form.
Name : Amol ChitaleCity : SOLAPUR
ARN NO : 30587Date : 08 Sep 2015
Comments :
Dear Mr Desai. Kindly Do NOT bring ANY Govt. Organisation into this. I would rather accept No Commissions (fee based model) than bringing the Govt into this. Sorry for the personal comment.
Name : Amol ChitaleCity : SOLAPUR
ARN NO : 30587Date : 08 Sep 2015
Comments :
The idea of Mis-selling and curbing the same is good. However as said by Amit Das "Foot Soldiers will be on the back foot". A reducing trail model does not look like a good idea. It is only through sheer perseverance that Distributors have convinced clients to go for Long term SIPs. It is only after a Distributor gathers an AUM of at least 10 crores the distributor starts earning something meaningful. GATHERING AN AUM OF 10 CRORES WITHOUT MIS-SELLING IS A VERY DIFFICULT TASK.
Name : DB DESAICity : KUDAL
ARN NO : 0234Date : 08 Sep 2015
Comments :
I would again call it a belated wisdom because establishing an all encompassing regulatory body for distribution of all financial products including Banks, post offices, all types of insurances, equity, mutual funds, pensions funds, real estate products etc. etc. was a suggestion made by me in some such forums long long back. I would further suggest that there can be an Govt. sponsored or regulated organisation which appoints these distributors and pay them. That organisation should get fees from the manufacturers, regulate the distributors and pay them. Let this govt. organisation earn the way these regulators are advising the IFAs to earn.
Name : DB DESAICity : KUDAL
ARN NO : 0234Date : 08 Sep 2015
Comments :
India is our country. All Indians are brothers and sisters. SEBI.IRDA, PFRDA etc. are all there for our brothers and sisters. But these bodies are established by the Govt. elected by our brothers and sisters and the role expected of the Govt. is to work for welfare of all brothers and sisters and only the brothers and sisters who buy mutual funds, or insurance or pension schemes. They buy medicines, they travel, they seek education, they buy or use or consume various products and services and everywhere they pay unknown amount of commission, fees, profits, margins, charges etc. etc. They buy houses. It is reported in newspapers that our brothers and sisters pay for the services which should have come to them free from the Govt. itself. only 3/4% are investing in mutual funds. Why the Govt. is not worried about balance 95%?
Name : S GANESHCity : Madurai
ARN NO : 50521Date : 08 Sep 2015
Comments :
MF DISTRIBUTION (OR) ADVISORY BUSINESS IS NO LONGER A BREAD WINNING OCCUPATION. WHO EARNED SO FOR, CANNOT EARN IN FUTURE. WHO ENTER RECENTLY AS A WHOLE TIME OCCUPATION MUST RECONSIDER THEIR DECISION
Name : Arvind Thakur City : Sunder Nagar
ARN NO : ARN 49611 Date : 08 Sep 2015
Comments :
I dont agree with the panel recommendations. I dont think all IFA are greedy and commission oriented. I think who work for commission no more can sustain themselves for a long time in this field. Business without ethics cant survive more. No members in the panel is direct related with the sales force. All members are top management and so called media man or retired personal. A sales force man know the ground reality more than so called experienced personal. These all have experienced to promote this type of business tactics and today they are retire life and wants to say themselves well wishers of common investor. Where was there ethics when were recommended high commission and where was there media when they getting high priced advertised material and where was there ethics when they signing on high commission policies and where was there ethics when they getting high salaries.
Name : Amit Kumar DasCity : Calcutta
ARN NO : 35318Date : 08 Sep 2015
Comments :
In this way there will be no foot soldiers on commission basis for mutual funds.