Cafemutual is a meeting point for all mutual fund professionals. So whether you are a self-employed independent financial advisor (IFA) or a hot-shot private banker with a big bank or a CEO of an AMC or a back office girl, we have something for you. To ensure that you have a productive and enriching experience at our site, spend a few minutes on this guide.
The Cafemutual Charter
What can you expect to see here?
Stay ahead of all the developments taking place in the Indian mutual fund industry. What’s more, all news is presented so that you find it relevant and useful. So whether it is industry news or NFO news or AMC specific news or the latest rankings and awards, expect to see it all here.
Get clarity on the broader issues and trends affecting your business
Benefit from the experience of your fellow IFAs as they share their success stories and best practices
There is a wide range of powerful applications and tools to make you more productive. Upload client portfolios, organise your meetings, compare funds, select funds, research funds…
You will find all the market commentaries and fact sheets of all the fund houses in this section. You can access these reports of all asset classes of any frequency (daily, weekly, monthly) of your choice.
This is the section where we try to address the concerns and issues of our visitors. You could post a query, remove your doubts or just seek more information by writing to us.
You can download the application forms of any fund house here.
Look up these directories when you want to locate addresses and contact details of the offices/ branches of AMCs, R & Ts, trainers, custodians, AMFI and SEBI.
Want to see something that is not there now? Have a suggestion on a topic or a subject? Encountered a technical glitch? Speak up and share. Send us your suggestions and feedback to prem@cafemutual.com. We will be delighted to hear from you!
Close
IFAs not likely to be a part of this compliance process
Mumbai: In a bid to check mis-selling by distributors, capital market regulator SEBI has written to AMCs to identify each category of distributors and put in place a sales process which has to be adhered to by distributors.
This issue was discussed by the members of SEBI Mutual Fund Advisory Committee last year on ‘Right Selling vs. Mis-selling’. The guidelines would require profiling products aligned with the risk appetite of investors. The members had also proposed recording calls made to clients for canvassing a product. Distributors will also need to take an acknowledgement receipt from investors.
The rules are believed to be meant to be implemented by national distributors first.
Regulating IFAs across the country is a tough task for the industry. IFAs, according to fund officials will be out of the purview of this process. However, they do not rule out the possibility of such a move going ahead.
“SEBI is asking us how we are raising the bar to protect investor interest and check mis-selling," said a sales head of a leading fund house.
The rules require lot of documentation to be done on the part of distributors. AMCs will have to first update SEBI on the type of distributor they are dealing with. AMCs will then communicate the formal sales process to their distributors. The rules are likely to result in extensive documentation for institutional distributors.
Cafemutual had earlier reported about SEBI’s plan to monitor distributor practices.