Over 2 crore investors have invested in MFs: AMFI

These so called "experts" still are not giving the rightful credit to IFA community. Now because they have learned that without IFAs they can't grow and they can't get sticky investments they have done just a little bit about it by passing on a very small part of their profits to IFAs who actually deserve much more. AMCs out of greed made the regulator bring out regulations to reduce the charges and passed on the entire reduction on to the distributor was an easy way of making extra bucks and in fact cheap bucks. In any business the benefit of scale should go to investors and the manufacturer should automatically reduce the margin to do that but we are the only Industry where manufacturers kept their margins and in fact imropved it even when their scale went up exponentially and no regulator or even CCI intervened means that they were all involved in this and wanted to benefit them solely. Also the government also is not helping us because although our brokerages reduced drastically nothing done about it and in fact we are charged GST over and above our reduction. This has discouraged us and that is the reason why there is slow inflow of funds and only 2 crore investors could be brought in this. Also this is the biggest reason why old IFAs are leaving this business and very few new IFAs are joining. And now all AMCs are coming back to is and saying that that will increase the brokerages which I don't trust because once they get good business they will again do this.

All this only and only because IFAs are divided and are reluctant to fight. If we need for our right and not some malicious demand like the industries who blackmailed the government into reducing their taxes.