You can claim your pending commission even after August 20

Very Good thing. Due to various reasons the kyc is not completed before the deadline. The KYC will completed soon, It is very good to put in Escrow A/c and will be released after completion of KYC, KYD formalities.

Very Good thing. Due to various reasons the kyc is not completed before the deadline. The KYC will completed soon.

Heavy rain in Maharashtra ,Rajasthan, Gujrat,Uttar Pradesh, and therefore, it necessary to extend date of 21st Auguat to 31st December 2019.It is a humble request from senior citizens of 76.

Due to very high&critical flood situation in whole Maharashtra Amfi should extend KYC compliance date minimum 3 months after 20th August 2019

Deadline of updating Kyc should be increased atleast upto Dec-2019.
Withheld commission to remain in Escrow account is great thing, as it is hard earned money by distributers

More & More companies have defaulted & scammed crores of amount. Debt Funds were considered safest - is now the most hazardous financial instruments. Today PSU BANKS are suffering huge setbacks in their share prices due to sheer lack of SEBI vigilance over the modus operandi of Banks. SEBI in these decade yester years were only playing mis- selling mis- selling games with MF distribution barring commission & most importantly advice for investors & underneath a huge stockpile of corruption , financial embezzlement were weeding up. Now MF distribution is a blacklisted job where the work is tremendous & at the end result is minimal.
If data of mis-selling is extracted then it's the Bank & web aggregator who had mis sold the most of Insurance plans. Now a very fundamental question before mis- selling is that who ratifies those maleficent schemes before coming to public ? Aren't these are the regulators & they blame the poor Agents. There must be some hidden cut for these regulators to pass on these schemes & turn public a scapegoat by blaming the most lowest level of worker ' The Agents ' .

Which national distrutor is good?
Nj wealth
Prudent corporate

As your article says, putting commission on hold folios in escrow account is good thing but it also says it does not mean an extension of a deadline.

But someone has rightly pointed out that due to heavy rains and flood type situation many part of India was not reachable in last 20 days or so. So also many time it is not possible to collect required documents from clients due to various reasons.

Having said above, the main culprits are some of the amcs and registrar's back hand team. As I had written earlier in comment box of similar type articles on commission, I am still struggling for true & correct data from them. Not only that, where ever such folios were identified and required documents were given as early as in Mid May, still it was not updated and not reflecting in system. So whom SEBI and AMFI will blame for? What actions will be taken with AMCS and Registrar's and how our commission will get released for such folios?

Also what I have found is even 1 person in the folio got diseased and some how that details has been uploaded by someone at CVL level and that report says either kyc is not ok or not available etc., all other folios having that diseased person name whether primary or secondary holder get affected and such folios comes under commission on hold status. So also I think in case of Minor becoming Major. Now here question is how a distributor will know a person is no more, unless family members inform the same. Also same thing for minor becoming major. Also what if one is not in a position to get those required documents from concerned clients. And What AMFI and SEBI will do in such cases if the amount is mobilised under DIRECT MODE? Whoes Payout at amc level and/or registrar level will be put on hold?

Even for cutting commission as per SEBI circular to reduce TER, most of the TOP amcs has wrongly interpreted the circular and have cut down commission of distributors in disproportionate manner, means though SEBI has cut TER in % but amcs has not reduced commission to be paid in %, they have cut in straight basis points, means say if distributor A was earlier having say 1% as trail commission and other distributor B was having say 0.60% as trail then instead of cutting in proportion, it has been cut down flat. Means say if they have cut 0.50% i.e. for distributor A from 1% to 0.50% then for distributor B they have reduced from 0.60% to 0.10% i.e. straight 0.50 bps, which is neither ethical nor practical and it will also lead to nothing but entry berior for new comers and also will increase in churning of long term assets being for survival of distributors like B, as basic fixed and running costs are same for almost all the distributors. Ideally if it has to be reduced from 1% to say 0.50% for distributor A then for thoes distributors like B having 0.60% should earn now 0.30% i.e. half of earlier earnings and not straight cut.

Also if nav difference between regular and direct is showing almost exact TER difference % for the commission paid to distributors, then same should reflect in distributors actual paid commission, but it is not the case and amcs are paying less to small distributors and pocketing difference which is also not a true practice and reflection in books, which is also reflecting in their balance sheet having jump in profit, one can easily see such data atleast in publically listed companies, whoes data is easily available in public.

Will Amfi and SEBI look in to such unfair practices and make mandatory for equal rate of commission or say same as TER charged under that distributor's folios, as statement of account shows that commission earned by a distributor as per prevailing law. SEBI should also make mandatory to show in such statements salary paid to fund managers to run that fund/scheme and should also show whether a fund manager has out performed benchmark and generated profit to what extend for investors under that fund scheme, for which they are paid for.

Will Cafe Mutual will represent matter with concerned authorities for the points highlighted here.

I have expired my arn nnumber i have new apply so old commission panding paid me i am patner nj india invest