AMFI to launch a campaign ‘MFD Karein Shuru’ to promote MF distribution

Dear AMFI Guys,have you taken SEBI approval for the same as you are about to authorize Students,Housewives and Retired to distribute MF.SEBI will interfere later in interest of Investors that These people are not able to serve as expected.

This is a good initiative because it will increase the bandwidth of Mutual Fund among many new Investors many are still not informed about Mutual Fund and benefits of investing in Mutual Funds. As these initiatives will bring in additional work force in Mutual fund distribution especially in Tier II and Tier III cities it will provide a vast pool of talent to start a noble profession and over the years earn handsomely even after expense ratio cuts . But SEBI should also think of promoting ADVISOR JAROORI HAIN campaign otherwise the naïve investors would get killed [ in terms of wealth creation] if DIRECT plan marketing is only sought after

Sebi approval is must ...

It is business....

Increase the commission first. The business will automatically grow.

Pramostion Good, Why New Generation Disappointed After Client Go Direct Plans, AMFI against MFD, Quality Members elect, not manufacturing AMC Big , MFD POOR

DIRECT & ROBO ADVISORY SHOULD BE BANNED .

THE INITIATIVE FROM SEBI TO SELECT MFD IS A GOOD AND NOBLE JOB TO CREATE THE SELF DISTRIBUTION PROFESSION SPECIALLY IN CAPITAL MARKET.

I Respect SEBI and AMFI
When there is no upfront remuneration for Investents including SIP, How Distributors will be in a position to motivate for mutual funds. AMFI, SEBI and all AMC's not worried about Distributors, and they suck the blood. When you talk about Distributors payout, why the labour spent by Distributors is not upheld. Any time any things go wrong putting the axe on distributors will ruin the industry in long run. Without the involvement of Distributors no one can claim POTENTIAL OF MUTUAL FUNDS.
It is not too late to take care of the Distributors
by property evaluating their efforts in bringing more business to all AMC'S.
Everyone is aware, but no one is ready. FATE

It's an good effort from Amfi to educate about MFD profession. But need to look into the commissions also should not be reduced

I smell fish in this move.
Firstly they are promoting direct plans and saying don't buy from distributors because of the cost and at the same time they want to bring in kore distributors. This means 2 things
1) They will bring in people who won't understand M of Mutual funds and then make them sell everything and then show that distributors ate useless and they missell so distributors should be banned
2) By doing the first thing AMCs would have gathered enough data which will help them to keep the investors and remove distributors from between.

This is a masterstroke by the lobby. Now how much we distributors will sleep on these issues is a big question.

Divided we fall.

A very good initiative to bring in large workforce as MFD's. This will definitely promote many people to become MFD. It is very difficult to sustain in starting period (due to stopping of Upfront and also reduction in comission rates). This Stipend idea will help new people to survive for one year and get established during that period.
I have one more suggestion to attract more people. Earlier, there was a scheme, which enabled senior citizens to obtain ARN by attending CPE. The same may also be restarted.

Every Profession We need a transparent and honest consultant need for All(like legal,health ,income tax ,Real Estate and all other Profession). Because none of them in this world to full fill all his service requirement themselves through out their life. If it happens Society and community service is not required to all. So SEBI has to under stand this and BAN direct and Robo Advisory

Surprisingly, AMFI is interested to promote MF distrbution not MF distributors. Ha Ha Ha. GREAT, Going.

Good initiative by Amfi. But need to thing some good for MFD's who already working.

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One one hand they want quality advisor but on the hand they are compromising quantity with quality.
Not Possible.

First fix a time for MFD payout, till now some AMCs not paid June 2022 brokerage & today is July 08' 2022.

its good initiative at industry level.
It will add to work force, increase awareness, help us have more penetration in market.

Why should we doubt, as many of our colleagues mentioned above, about quality of new generation MFD. I believe, new generation, will bring new energy, new ways to do business and I am more convinced that new generation is required to take this legacy further.

As far as, comments on commission or DIrect is concerned, its part of SWOT analysis , any new joinee in field will be doing and should do. Why dont we personally quit this business if we feel no opportunity or too low income to survive. Its simply because of psychology..........WE dont want to share our pie with new generaton, but we in this process, are missing one great oppotunity. If AMFI promotes MFD, then, We are also getting promoted( indirectly) and we will take advantage of this campaign. Have not we gained because of , Mutual Fund SAHI HAI campaign.

Lets introspect , what actually is required, before we comment negatively on new good initiative.

Always hopeful and hoping best from this initiative also.

Good luck to all!

instead of this AMFI should work for the betterment of existing MFDs. By this promotions they may get new MFDs but how much they will survive? Who will take care of clients made by him/her?

In last two years every product price has increased even AMC employee salaries also but what is not changed is MFDs brokerage. It has decreased instead of increase.

This has resulted many MFDs to shift their focus more towards other products as he/she has to run his/her regular family expenses too.

SEBI and AMFI should design a fixed system to increase MFDs income on every 1 or 2 or 3 years. If income increases in every third year then increase % can be like average inflation of 3 years.

It is easy to attract people to join but most important thing is survival.

Thanks

Message should be "ADVISOR JARURI HAI" and Please please stop or banned DIRECT & ROBO ADVISORY. Like country INDIA huge employment generation scope through MFD. It will provide a vast pool of talent to start a noble profession and over the years earn handsomely even after expense ratio cuts .

The proposed intiative to encourage new people to become Mf Distributer ( MfD ) will create a scene like that of LIC which can be described as " ?? ?? ???? / MfD ". This will affect Mf distibution in worst manner. All rules and regulations imposed on existing MfDs like us by AMFI and / SEBI will not be folllowed and both these organizations will be bussy in nabbing MfDs doing unethical Mf distribution ( of course, if anly if they are bothered ). Instead of this farcical proposed recruitment drive, they dhould take care of existing MfDs with respect to following :
- Stop anti MfD campaigns an acts.
- Encourage probable Mf investers to invest through MfDs and make it compulsary at ground level.
- reinstall upfront commission and trail commisdion at levels which was prevailling in early 2000.
-Commission to individual Mfd and coporate distributers should not vary by bigmargin.
- Coporate Mf distributers who extract data of new investers brought by inividual MfDs from Mf Houses and entice these new investers to bring under their ARN code should be meted out with stringent punishment like suspending their Mf distribution upto 3 years.
- All other incentives and special commission in addition to upfront and trail should be allowed to be given by all AMCs to individual MfDs.
- in order to maintain indepth knowldge of MfDs about mf distribution regular training hould be imparted to them.
- last but not least MfDs should be freely allowed to use the titleof MUTUAL FUND ADVISER /ADVISOR as yhey are trained to distibute Mf same chemes as per potential invester's Financial Goals. All restrictions imposed on them ( illogically ) w.r.t use of words / prases like Financial Planning, Wealth Managers, Financial Goal Planning should be removed instantly. So far so Good.

The proposed intiative to encourage new people to become Mf Distributer ( MfD ) will create a scene like that of LIC which can be described as " ?? ?? ???? / MfD ". This will affect Mf distibution in worst manner. All rules and regulations imposed on existing MfDs like us by AMFI and / SEBI will not be folllowed and both these organizations will be bussy in nabbing MfDs doing unethical Mf distribution ( of course, if anly if they are bothered ). Instead of this farcical proposed recruitment drive, they dhould take care of existing MfDs with respect to following :
- Stop anti MfD campaigns an acts.
- Encourage probable Mf investers to invest through MfDs and make it compulsary at ground level.
- reinstall upfront commission and trail commisdion at levels which was prevailling in early 2000.
-Commission to individual Mfd and coporate distributers should not vary by bigmargin.
- Coporate Mf distributers who extract data of new investers brought by inividual MfDs from Mf Houses and entice these new investers to bring under their ARN code should be meted out with stringent punishment like suspending their Mf distribution upto 3 years.
- All other incentives and special commission in addition to upfront and trail should be allowed to be given by all AMCs to individual MfDs.
- in order to maintain indepth knowldge of MfDs about mf distribution regular training hould be imparted to them.
- last but not least MfDs should be freely allowed to use the titleof MUTUAL FUND ADVISER /ADVISOR as yhey are trained to distibute Mf same chemes as per potential invester's Financial Goals. All restrictions imposed on them ( illogically ) w.r.t use of words / prases like Financial Planning, Wealth Managers, Financial Goal Planning should be removed instantly. So far so Good.

The proposed intiative to encourage new people to become Mf Distributer ( MfD ) will create a scene like that of LIC which can be described as " ?? ?? ???? / MfD ". This will affect Mf distibution in worst manner. All rules and regulations imposed on existing MfDs like us by AMFI and / SEBI will not be folllowed and both these organizations will be bussy in nabbing MfDs doing unethical Mf distribution ( of course, if anly if they are bothered ). Instead of this farcical proposed recruitment drive, they dhould take care of existing MfDs with respect to following :
- Stop anti MfD campaigns an acts.
- Encourage probable Mf investers to invest through MfDs and make it compulsary at ground level.
- reinstall upfront commission and trail commisdion at levels which was prevailling in early 2000.
-Commission to individual Mfd and coporate distributers should not vary by bigmargin.
- Coporate Mf distributers who extract data of new investers brought by inividual MfDs from Mf Houses and entice these new investers to bring under their ARN code should be meted out with stringent punishment like suspending their Mf distribution upto 3 years.
- All other incentives and special commission in addition to upfront and trail should be allowed to be given by all AMCs to individual MfDs.
- in order to maintain indepth knowldge of MfDs about mf distribution regular training hould be imparted to them.
- last but not least MfDs should be freely allowed to use the titleof MUTUAL FUND ADVISER /ADVISOR as yhey are trained to distibute Mf same chemes as per potential invester's Financial Goals. All restrictions imposed on them ( illogically ) w.r.t use of words / prases like Financial Planning, Wealth Managers, Financial Goal Planning should be removed instantly. So far so Good.

First bring uniformity in Brokerage across AMCs every AMC have different brokerage structure for every Distributor except PPFAS MF why such discrimination done by AMCs and they cut the brokerage drastically on old assets & also SIPs registered before October 2018 they are paying 10-20 BPS stealing money from Distributors brokerage, when expense ratio is same why payouts are different on old & new assets AMCs have already recovered the upfront paid in 2018 but still stealing our brolerage will new entrants work on this payout first fix the issue of brokerage then bring new entrants why AMFI have to run campaign if you make MF brokerage lucrative many people will choose to become MFDs

First bring uniformity in Brokerage across AMCs every AMC have different brokerage structure for every Distributor except PPFAS MF why such discrimination done by AMCs and they cut the brokerage drastically on old assets & also SIPs registered before October 2018 they are paying 10-20 BPS stealing money from Distributors brokerage, when expense ratio is same why payouts are different on old & new assets AMCs have already recovered the upfront paid in 2018 but still stealing our brolerage will new entrants work on this payout first fix the issue of brokerage then bring new entrants why AMFI have to run campaign if you make MF brokerage lucrative many people will choose to become MFDs