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7
Comments Posted
Name : Kamlesh Kumar YadavCity : Sonebhadra UP
ARN NO : 6049Date : 15 Jan 2017
Comments :
Really true it should be considered mostly IFAS are working hard with minimum pay out.
Name : M M BandhaokarCity : Nagpur
ARN NO : ARN-34491Date : 15 Jan 2017
Comments :
The questions raised are very logical.sebi should answer to these questions . Great fact finding by Mr.Vijay and team.sebi should think over intra fund switches and banning all fund categories if they really are concerned about investors.
Name : Anjani kumar koppalaCity : Visakhapatnam
ARN NO : 62594Date : 15 Jan 2017
Comments :
It seems in the country there are some people think they should cleanse the system. In this course they think all they see and work with the organisations are enemies and preparing to do some surgical strike, the act become a fancy and mark them as saviour. But they dont understand they are in turn killing their own people, a small group of people in this big country. My sincere appeal to the regulatory body to think and take concerns and confidence of all small IFAS and plug all loop holes in the system with help of ifa soldiers, who are more than willing to see the client prosperity before self. But please do not hatch and kill your own brigade.
Name : N K DHARCity : Rourkela
ARN NO : 36254Date : 14 Jan 2017
Comments :
Instead of pluging loopholes in the present system ,sebi going to penalising the the entire IFA frateninty .In the present RIA structure majority of investor will be unrepresented .In fact IFAs are giving the last mile connectivity to investors and not NDs or Bankers.
Name : SANDEEP DESHMUKHCity : NASHIK
ARN NO : 90746Date : 14 Jan 2017
Comments :
Thanks Vijay Sir. Hope, that considering these questions Mr. Sinha and Panel will take holistic decision which will helpful and beneficial to Investors as well as IFAS.
Name : JayeshCity : Mumbai
ARN NO : 49277Date : 13 Jan 2017
Comments :
SEBI is really behave rude to small distributors I humbly request to SEBI to give basics advise and increase more sell through SIP
Name : Harshendu KakaCity : Mumbai
ARN NO : ARN-0253Date : 13 Jan 2017
Comments :
If SEBI can ans the questions posed here with understanding of the ans provided they will not force us IFA to become RIA. As a ordinary IFA I feel frustrated by the so many regulations n paper work. The SIP build up credit is to IFA community. I wish GOD gives the members of Board some "SADBUDDHI" n may use their Heart n Brain both. Jai Hind
Name : L.SamrajCity : Chennai
ARN NO : 0435Date : 13 Jan 2017
Comments :
You have brought out wonderful valid points and I sincerely thank you . In all fairness it should be considered in a democratic country. Hope SEBI will hear.
Name : sunil bhagatCity : pondicherry
ARN NO : ARN 9646Date : 13 Jan 2017
Comments :
Kudos to wealth forum for having presented this write up. Only hope and pray that SEBI chief reads this, understands and gets some sense.
Name : SRIKANTHCity : BANGALORE
ARN NO : 33153Date : 13 Jan 2017
Comments :
Hope these 3 questions would bring relief in the process of decision making, to the MFD which is otherwise a strained profession.
Name : Satya B BhuyanCity : Guwahati
ARN NO : ARN-83836Date : 13 Jan 2017
Comments :
I hope SEBI at least reads the article posted by Mr. Vijay. The only we can do is hope.
Name : Neepa KhatriCity : Pune
ARN NO : ARN-4542Date : 13 Jan 2017
Comments :
I hope that read your questions and probe a little more so that they make decisions which are fair for the small advisor and will be beneficial for the small investors.
Name : Natrajan T SCity : Thane
ARN NO : ARN-108565Date : 13 Jan 2017
Comments :
Well put but Mr. Sinha Has made up his mind and want to push this in the name of reform. Every SEBI chief wanted to push one or other impractical agenda with a aim to leave their name in history. For instance one of the chairman wanted T+1 settlement in stock market which was counter productive. The brokers, FII every one was up in arms and explained the negative marginal utility of such a move and the same was shelved at the last moment. Like wise only if the board really applies their mind instead of getting swayed by Mr. sinhas personal preference bereft of real benefit then only the small distributors will be saved.
Name : ATUL SHAHCity : Ahmedabad
ARN NO : 0225Date : 13 Jan 2017
Comments :
Most of misselling cases -(complained+ not complained) were related to BANKS & SUB BROKERS OF NDs--- Their salesforce have targets to sell schemes imposed by upper level bosses whose recognition is based on brokerage earned.. Moreover sales person keeps changing more often . So they become less serious, giving priorities to self insted of investors--
Name : Sunil B. KapadiaCity : Pune
ARN NO : ARN-13665Date : 13 Jan 2017
Comments :
Very appropriate questions that have been asked at the right & correct time. Very well & carefully drafted. However, can we expect Positive response from SEBI chairman? Does SEBI listen to and is WISE enough?
Name : Shabbir HaidermotaCity : Pune
ARN NO : ARN-24992Date : 13 Jan 2017
Comments :
Brilliantly articulated with facts and figures, but will SEBI really reflect ? When giant egos are involved it is tough to expect reason and logic to convince.
Name : MiniCity : Bangalore
ARN NO : ARN - 114067Date : 13 Jan 2017
Comments :
The point we can add here is any basic selection is also advice . How do you monitor and define what is advise and what is not advise and distribution alone. Who is monitoring the online portals and there recommendations . Are they distributors , advisors or facilitators. I think they should reconsider and not go ahead with this .
Name : shiva prasad konduruCity : WARANGAL
ARN NO : 47847Date : 13 Jan 2017
Comments :
Thanks Vijay we all hope SEBI will consider valid questions
Name : SATYACity : CHENNAI
ARN NO : 103393Date : 13 Jan 2017
Comments :
SEBI CAN BRING RIA, PROVIDED THE SAME IS APPLICABLE FOR ADVISING AN EQUITY, PMS, AIF, FUTURES, OPTIONS, COMMODITIES AND ALSO MF. WITH DEALER CERTIFICATION, ONE CAN ADVISE HDFC BANK TO BUY, BUT IFA CAN NOT ADVISE TO INVEST EVEN IN HDFC DEBT FUND? ALL SEBI REGULATED PRODUCTS SHOULD BE GOVERNED UNDER RIA, INCLUDING EQUITY, PMS, AIF, ETC.
Name : Dhruv MehtaCity : Mumbai
ARN NO : 14155Date : 13 Jan 2017
Comments :
I sincerely hope that SEBI Chairman and SEBI Board considers the 3 questions Raised by you. FIFA has submitted a detailed representation to SEBI Chairman and SEBI Board members. We hope that AMCs and AMFI are also raising these issues as vigorously. I would like to raise 1 more question to SEBI Chairman and SEBI Board : Do they want Mutal Funds to be the preferrred vehicle for retail investments ? The steps they are taking will make it a Rich Mans product. !!! We pray that better sense prevails.
Name : Milind ChitnisCity : Mumbai
ARN NO : Milind ChitnisDate : 13 Jan 2017
Comments :
Excellent final summing by a very competent lawyer in front of judge !!! But I am afraid judge has already made up his mind. IFA community will have to explore avenues to take their case to higher authority.
Name : SANTOSH ROYCity : MUMBAI
ARN NO : ARN-16655Date : 13 Jan 2017
Comments :
Thanks Vijay for putting up right perspective. Its Correct Impact Analysis. Hope SEBI will retrospect.
Name : Navin KumarCity : Patna
ARN NO : 83441Date : 13 Jan 2017
Comments :
Yes, SEBI must consider these valid questions before coming out with RIA regulations.
Name : RAJESH KUMARCity : DELHI
ARN NO : 103209Date : 13 Jan 2017
Comments :
I DONT UNDERSTAND WHY MR. SINHA WANT TO GET LOT AND LOT OF BADDUAs FROM IFAs WHEN HE IS GOING TO RETIRE. I UNDERSTAND BANKERS AND BIG IFAs WILL BLESS HIM HEATEDLY BECAUSE THIS STEP WILL ENHANCE THEIR BUSINESS AND DESTROY SMALL IFAs FROM THE MARKET. GOD BLESS MR SINHA.
Name : SriniCity : Chennai
ARN NO : 13021Date : 13 Jan 2017
Comments :
Hope its heard
Name : Rajesh HattangadyCity : Thane
ARN NO : THiiNKDate : 13 Jan 2017
Comments :
On the face pointers. Kudos to you and your team. Although SEBI chief isnt answerable to everyone of us, these questions seek response. Silence from SEBI will speak its own language.
Name : DweepeshCity : Delhi
ARN NO : 89184Date : 13 Jan 2017
Comments :
Thanks Vijay , Can we approach government this way . Might be they listen .
Name : Dutt SharmaCity : Mumbai
ARN NO : ARN-38131Date : 13 Jan 2017
Comments :
Prestige issues and unilateral decisions are the order of the day. Imposition rather consensus has plagued our policy makers. No one can be indifferent when so much of thought and debate has been generated and feedbacks have been given from time to time over the last few years. However, lot seems to be left for wishfull thinking and continued hope. God bless our Regulators any may sanity prevail. JAi HIND
Name : Pravin BudhauliyaCity : Pune
ARN NO : Degree 212 ConsultanDate : 13 Jan 2017
Comments :
Mr Vijay, Very well summed up data ,it reflects the right scenario of the impact and subsequent consequences!!
Name : Ashish ShahCity : Ahmadabad
ARN NO : 13595Date : 13 Jan 2017
Comments :
Hi Sebi is trying to reduce expenses than why RIA fees has been increased to 5 lacs from 1 lac in 2013?? Why AMFI has different fee structure for Pvt.ltd. And Limited??? This move will ultimately makes investors for only Index funds . Which will bring democracy in return on investmen.
Name : MisterBondCity : Gurgaon
ARN NO : SunilDate : 13 Jan 2017
Comments :
As Direct was final nail in the coffin for Institutional Players, RIA regulation in its current context will be the final nail in the coffins for almost all IFAs. One more regressive step by SEBI. How will they have retail penetration? Financial literacy is so low in our country, only IFAs have been instrumental in bringing some sanity in Investor portfolios. Left to themselves, Investors will be their own biggest enemies with their emotional quotient & now their low literacy quotient.
Name : VISHAL RASTOGICity : PATNA
ARN NO : 51920Date : 13 Jan 2017
Comments :
Very relevant question, a regulator must consider these statistics before going to any decision.
Submit Your Comments
Name
ARN No/Co Name
Comments
Verification Code
* Email *
* City *
*
*
13HfkE
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 : Kamlesh Kumar YadavCity : Sonebhadra UP
ARN NO : 6049Date : 15 Jan 2017
Comments :
Really true it should be considered mostly IFAS are working hard with minimum pay out.
Name : M M BandhaokarCity : Nagpur
ARN NO : ARN-34491Date : 15 Jan 2017
Comments :
The questions raised are very logical.sebi should answer to these questions . Great fact finding by Mr.Vijay and team.sebi should think over intra fund switches and banning all fund categories if they really are concerned about investors.
Name : Anjani kumar koppalaCity : Visakhapatnam
ARN NO : 62594Date : 15 Jan 2017
Comments :
It seems in the country there are some people think they should cleanse the system. In this course they think all they see and work with the organisations are enemies and preparing to do some surgical strike, the act become a fancy and mark them as saviour. But they dont understand they are in turn killing their own people, a small group of people in this big country. My sincere appeal to the regulatory body to think and take concerns and confidence of all small IFAS and plug all loop holes in the system with help of ifa soldiers, who are more than willing to see the client prosperity before self. But please do not hatch and kill your own brigade.
Name : N K DHARCity : Rourkela
ARN NO : 36254Date : 14 Jan 2017
Comments :
Instead of pluging loopholes in the present system ,sebi going to penalising the the entire IFA frateninty .In the present RIA structure majority of investor will be unrepresented .In fact IFAs are giving the last mile connectivity to investors and not NDs or Bankers.
Name : SANDEEP DESHMUKHCity : NASHIK
ARN NO : 90746Date : 14 Jan 2017
Comments :
Thanks Vijay Sir. Hope, that considering these questions Mr. Sinha and Panel will take holistic decision which will helpful and beneficial to Investors as well as IFAS.
Name : JayeshCity : Mumbai
ARN NO : 49277Date : 13 Jan 2017
Comments :
SEBI is really behave rude to small distributors I humbly request to SEBI to give basics advise and increase more sell through SIP
Name : Harshendu KakaCity : Mumbai
ARN NO : ARN-0253Date : 13 Jan 2017
Comments :
If SEBI can ans the questions posed here with understanding of the ans provided they will not force us IFA to become RIA. As a ordinary IFA I feel frustrated by the so many regulations n paper work. The SIP build up credit is to IFA community. I wish GOD gives the members of Board some "SADBUDDHI" n may use their Heart n Brain both. Jai Hind
Name : L.SamrajCity : Chennai
ARN NO : 0435Date : 13 Jan 2017
Comments :
You have brought out wonderful valid points and I sincerely thank you . In all fairness it should be considered in a democratic country. Hope SEBI will hear.
Name : sunil bhagatCity : pondicherry
ARN NO : ARN 9646Date : 13 Jan 2017
Comments :
Kudos to wealth forum for having presented this write up. Only hope and pray that SEBI chief reads this, understands and gets some sense.
Name : SRIKANTHCity : BANGALORE
ARN NO : 33153Date : 13 Jan 2017
Comments :
Hope these 3 questions would bring relief in the process of decision making, to the MFD which is otherwise a strained profession.
Name : Satya B BhuyanCity : Guwahati
ARN NO : ARN-83836Date : 13 Jan 2017
Comments :
I hope SEBI at least reads the article posted by Mr. Vijay. The only we can do is hope.
Name : Neepa KhatriCity : Pune
ARN NO : ARN-4542Date : 13 Jan 2017
Comments :
I hope that read your questions and probe a little more so that they make decisions which are fair for the small advisor and will be beneficial for the small investors.
Name : Natrajan T SCity : Thane
ARN NO : ARN-108565Date : 13 Jan 2017
Comments :
Well put but Mr. Sinha Has made up his mind and want to push this in the name of reform. Every SEBI chief wanted to push one or other impractical agenda with a aim to leave their name in history. For instance one of the chairman wanted T+1 settlement in stock market which was counter productive. The brokers, FII every one was up in arms and explained the negative marginal utility of such a move and the same was shelved at the last moment. Like wise only if the board really applies their mind instead of getting swayed by Mr. sinhas personal preference bereft of real benefit then only the small distributors will be saved.
Name : ATUL SHAHCity : Ahmedabad
ARN NO : 0225Date : 13 Jan 2017
Comments :
Most of misselling cases -(complained+ not complained) were related to BANKS & SUB BROKERS OF NDs--- Their salesforce have targets to sell schemes imposed by upper level bosses whose recognition is based on brokerage earned.. Moreover sales person keeps changing more often . So they become less serious, giving priorities to self insted of investors--
Name : Sunil B. KapadiaCity : Pune
ARN NO : ARN-13665Date : 13 Jan 2017
Comments :
Very appropriate questions that have been asked at the right & correct time. Very well & carefully drafted. However, can we expect Positive response from SEBI chairman? Does SEBI listen to and is WISE enough?
Name : Shabbir HaidermotaCity : Pune
ARN NO : ARN-24992Date : 13 Jan 2017
Comments :
Brilliantly articulated with facts and figures, but will SEBI really reflect ? When giant egos are involved it is tough to expect reason and logic to convince.
Name : MiniCity : Bangalore
ARN NO : ARN - 114067Date : 13 Jan 2017
Comments :
The point we can add here is any basic selection is also advice . How do you monitor and define what is advise and what is not advise and distribution alone. Who is monitoring the online portals and there recommendations . Are they distributors , advisors or facilitators. I think they should reconsider and not go ahead with this .
Name : shiva prasad konduruCity : WARANGAL
ARN NO : 47847Date : 13 Jan 2017
Comments :
Thanks Vijay we all hope SEBI will consider valid questions
Name : SATYACity : CHENNAI
ARN NO : 103393Date : 13 Jan 2017
Comments :
SEBI CAN BRING RIA, PROVIDED THE SAME IS APPLICABLE FOR ADVISING AN EQUITY, PMS, AIF, FUTURES, OPTIONS, COMMODITIES AND ALSO MF. WITH DEALER CERTIFICATION, ONE CAN ADVISE HDFC BANK TO BUY, BUT IFA CAN NOT ADVISE TO INVEST EVEN IN HDFC DEBT FUND? ALL SEBI REGULATED PRODUCTS SHOULD BE GOVERNED UNDER RIA, INCLUDING EQUITY, PMS, AIF, ETC.
Name : Dhruv MehtaCity : Mumbai
ARN NO : 14155Date : 13 Jan 2017
Comments :
I sincerely hope that SEBI Chairman and SEBI Board considers the 3 questions Raised by you. FIFA has submitted a detailed representation to SEBI Chairman and SEBI Board members. We hope that AMCs and AMFI are also raising these issues as vigorously. I would like to raise 1 more question to SEBI Chairman and SEBI Board : Do they want Mutal Funds to be the preferrred vehicle for retail investments ? The steps they are taking will make it a Rich Mans product. !!! We pray that better sense prevails.
Name : Milind ChitnisCity : Mumbai
ARN NO : Milind ChitnisDate : 13 Jan 2017
Comments :
Excellent final summing by a very competent lawyer in front of judge !!! But I am afraid judge has already made up his mind. IFA community will have to explore avenues to take their case to higher authority.
Name : SANTOSH ROYCity : MUMBAI
ARN NO : ARN-16655Date : 13 Jan 2017
Comments :
Thanks Vijay for putting up right perspective. Its Correct Impact Analysis. Hope SEBI will retrospect.
Name : Navin KumarCity : Patna
ARN NO : 83441Date : 13 Jan 2017
Comments :
Yes, SEBI must consider these valid questions before coming out with RIA regulations.
Name : RAJESH KUMARCity : DELHI
ARN NO : 103209Date : 13 Jan 2017
Comments :
I DONT UNDERSTAND WHY MR. SINHA WANT TO GET LOT AND LOT OF BADDUAs FROM IFAs WHEN HE IS GOING TO RETIRE. I UNDERSTAND BANKERS AND BIG IFAs WILL BLESS HIM HEATEDLY BECAUSE THIS STEP WILL ENHANCE THEIR BUSINESS AND DESTROY SMALL IFAs FROM THE MARKET. GOD BLESS MR SINHA.
Name : SriniCity : Chennai
ARN NO : 13021Date : 13 Jan 2017
Comments :
Hope its heard
Name : Rajesh HattangadyCity : Thane
ARN NO : THiiNKDate : 13 Jan 2017
Comments :
On the face pointers. Kudos to you and your team. Although SEBI chief isnt answerable to everyone of us, these questions seek response. Silence from SEBI will speak its own language.
Name : DweepeshCity : Delhi
ARN NO : 89184Date : 13 Jan 2017
Comments :
Thanks Vijay , Can we approach government this way . Might be they listen .
Name : Dutt SharmaCity : Mumbai
ARN NO : ARN-38131Date : 13 Jan 2017
Comments :
Prestige issues and unilateral decisions are the order of the day. Imposition rather consensus has plagued our policy makers. No one can be indifferent when so much of thought and debate has been generated and feedbacks have been given from time to time over the last few years. However, lot seems to be left for wishfull thinking and continued hope. God bless our Regulators any may sanity prevail. JAi HIND
Name : Pravin BudhauliyaCity : Pune
ARN NO : Degree 212 ConsultanDate : 13 Jan 2017
Comments :
Mr Vijay, Very well summed up data ,it reflects the right scenario of the impact and subsequent consequences!!
Name : Ashish ShahCity : Ahmadabad
ARN NO : 13595Date : 13 Jan 2017
Comments :
Hi Sebi is trying to reduce expenses than why RIA fees has been increased to 5 lacs from 1 lac in 2013?? Why AMFI has different fee structure for Pvt.ltd. And Limited??? This move will ultimately makes investors for only Index funds . Which will bring democracy in return on investmen.
Name : MisterBondCity : Gurgaon
ARN NO : SunilDate : 13 Jan 2017
Comments :
As Direct was final nail in the coffin for Institutional Players, RIA regulation in its current context will be the final nail in the coffins for almost all IFAs. One more regressive step by SEBI. How will they have retail penetration? Financial literacy is so low in our country, only IFAs have been instrumental in bringing some sanity in Investor portfolios. Left to themselves, Investors will be their own biggest enemies with their emotional quotient & now their low literacy quotient.
Name : VISHAL RASTOGICity : PATNA
ARN NO : 51920Date : 13 Jan 2017
Comments :
Very relevant question, a regulator must consider these statistics before going to any decision.