2017 a blockbuster year for mutual funds, will continue to see strong inflows: Leo Puri of UTI AMC

Very good &knowledgeable .

Very good &knowledgeable .

This is with respect to the Comments by Mr Leo Puri CEO of UTI AMC. While appreciating the GROWTH in MUTUAL Fund Industry in the increased AUM build up, let us be warned of the slow and steady disinterest of the common man, on account of the unintelligent or unwanted REGULATORY inva, sions.
The MULTIPLICITY of regulations are going to have a negative impact on any forward movements, let us understand it.

Pan Nos. KYCs, Aadhar Nos and linking them systematically with Bank A/Cs, Mutual Funds, Mobile Nos, Insurance policies etc. are all duplicated invasions or multiplicative invasions on common man's life.

Bank Cheques or Transactions through any means are the normal or natural investment Channel for any sort of investment. Once that route is properly planted all other branches should be treated as a growth from that plant. Let that Bank account be PAN Linked or Aadhar linked or cross breeded. Cheques can carry that information as KYC Compliant or Aadhar compliant and everything else should be taken as a rider to that. Why AMCs like UTI or other Financial Bodies cannot make a representation to the Concerned Regulators to get minimised the efforts of IFAs, agents or Banking officials in these exercise of futility rather than utility.

Have a graeat hindsight to do a SYSTEM INTEGRATED MINDSET to minimise or erase the loss of MAN HOURS in these exercises?

Raghavan