SEBI extends payment of withheld commission by 3 more months

This is to show that they do understand our pain and are with us on this but we have to go out and do KYC of all the folios or else AMCs have made their cake and they will eat them as well. Basically they will apply the regular plan TER on them and not give any commission so that they keep the whole TER to thselves and enjoy. If SEBI directs them( SEBI never directs it is AM s who influence them because SEBI people are too busy or are allergic to hear and dust so they don't go out of their AC offices and only takes cues and feedbacks from AMCs) to convert these folios to direct means that client has been poached by AMCs of course to stay in line with the "regulations". So SEBI will be exposed. This is our chance if we all unite than we can reverse every nonsensical and malicious regulations brought so far.

This is purely narcissistic attitude. Better go straight forward & ban Regular Plans. Let the industry survive on its own.

The whole bunch of members of AMFI board,

Have you all ever tried to fill CKYCs or your own AMCs application. You all want us to regulate us in one way or the other as if our living and life is at your mercy.

Recently I have submitted the investment applicaition along with CKYC to an AMC aligned to CAMS as their RTA. Surprisingly investment is accepted but, CKYC is rejected for the reason that:

I have furnished 12 digit Aadhar number in KYC and I have not masked first 8 digits in Aadhar xerox which is submitted as proof of address. On inquiry through the AMC of that investment, both me and AMC official at Shimoga, Karnataka was surprised to hear that, as per very latest circular of SEBI, we are not to furnish full 12 digit Aadhar number also we are expected to patiently ink first 8 digits in Aadhar to mask the numbers.

What the hell of work they are expecting us to do to complete a KYC. If the circular is so to follow, why AMCs are sat on it instead of educating us to follow the procedure to fill.

CAMS is the one who conveniently sell our financial and structural data across AMCs for financial benefits and now preaches of confidentiality through non disclosure of Aadhar number.

Enough is enough.

Some of my investors who invested through me doesn’t have contact numbers and some of them left the country due to assignment of work by their companies. It’s very difficult to follow up by the IFA’s to get KYC updation. Please understand the difficulties faced by us .

Its true that before 2012 kyc norms updated by sebi or AMFI to the investor gueidline . hence forth before 2012 all our client invest through there investment MF and they have living out of the home town or aboard the other country we are unable to fullfil the necessary document is takeing this client.

May I known to SEBI, once upon s time you had advertised to awareness the public is supposed not to drive the car without licence driver to sale the products of mutual fund, now a day in which besis you permit to public might be invest their own money in risk market vehicles drive without driving licence?
Also once, what is the role of ARN?
What is the role of CFPian?
If haven't active function or if do not implement the CFP CERTIFICATE ,so why you approve the certificate?