In the recently held Mutual Fund Round Table Conference (MFRT) in Pune, a unanimous decision was made to create a new forum for all the IFA associations across the country. This decision was declared after the meeting with IFA associations which included IFA Galaxy, Voice of Mutual Fund Distributors, DFDA, IFA associations of Chennai, Coimbatore, Nashik, Orissa, Rajasthan, Ghaziabad, Pune, FIFA and few others at the MFRT event.
A five member committee has been formed to work out further details of the forum. Dhruv Mehta, Chairman of FIFA and Roopa Venkataraman, FIFA, Ramesh Bhatt, Secretary of Voice of Mutual Fund Distributors, Ashish Goel, DFDA Delhi and SK Bagaria of ASK Circle, Kolkata are the five members.
Ramesh Bhatt told Cafemutual, “We have been discussing this issue of creating a common forum for years. Finally at the MFRT event, we were successful in taking a decision for the well-being of the IFA community across the country. The final outline will be ready in a week’s time. We will have a meeting with the other members and discuss the further developments.”
Speaking about the development, Dhruv Mehta, FIFA Chairman said, “This was possible only because of the vision of the MFRT members. IFAs have been demanding a common platform to connect and discuss their problems with the financial advisors across the country. We have received a positive feedback from different associations and future developments will be informed soon.”
Ashish Goel of DFDA advises IFAs to become members of the local association. “We have requested IFAs present at the event to become a member of an IFA association of their choice and spread the message to their IFA friends across the country with a view to strengthen associations,” said Ashish.
The IFA community has welcomed this decision. The announcement at MFRT was greeted with cheers.
Mukesh Chothani, an IFA from Nasik says, “IFAs from small towns needed this forum to network with other associations and financial advisors. This will now result into better communication and discussions will help us to grow our business.”
Deepak Khemani, a Mumbai-based IFA feels that finally the wish of the IFAs to see the associations band together is being fulfilled. “We welcome this decision and a common platform will result in better engagement and communication in the fraternity of financial advisors across the country.”
