SEBI asks AMCs to disclose distributor commissions in half yearly a/c statements

Wow what an intelligent move by SEBI.
Appreciate the concern of expenses on investors hard earned money.

If SEBI Is so keen on such transparency than why partiality with brokerage only?
Respected SEBI should disclose all the expenses remuneration of AMC employees.

If AMC Employees are doing hard work for their remuneration than IFAs has hardship of 10 times than them for a warning.

Friends it's time to reunite otherwise IFA "I" stands INDIVIDUAL not the INDEPENDENT.

Dear Mr Prem Khatriji,

thanks for the information posted..

But could you please suggest we all IFAs the recourse as how to address our voice to regulators ? Simply posting our views and just grumbling that this is not an appropriate step intiatted.. Why not you suggest line of action to all our IFAs individually as well as collectively throught their associations come ahead and make some impact...
thanks
Kartik Dadia

new directive to disclose ifa commisson. do we as a whole earn money per year than the outstandind dues of mr vijay mallya. or the lacs of crores of npas created by the bankers who are renumerated handsomely with higher payscales, holidays, no accountability and are we provided the npas against our accounts and fds, and the govt filling and these huge loans are written off and new money is pumped in. govt taxes us on paltry commissions and all persons who defraud the banks, the system whether they pay taxes honestly also is doubtful in nature. the govt or sebi does not want ifas in the industry for reasons known to them. the retail investor is least bothered to go into the issues raised by the regulator in concern of the investor where no investor has complained of the charges. it would be rather let this smooth platform perform than raise obstacles dy in and day out and disturb the whole platform to its peril. may god bless the ifa community or else we too would have to find new alternative like selling insurance and mint commissions rather than help people create assets.

We IFA dont have any association to voice our views. Senior IFA's should start a registered industry association which raises our voice to the government and regulator.

First of all SEBI and alike authorities should educate investors about different financial products. Majority of investor don't know difference among- Shares, ULIP, MF, Chitfunds, Debentures etc. Secondly they should restrain entry of incompetent people in fin.products distribution business. And last, they should treat all such distributors at par, Why Insurance agents were getting commission like 40%. Disclose this also.

There are stats and figures show that natural environmental balanced is disturbed many species are endangered and one edge of loosing their existence. So environmental experts and scientist zoo authorities came together, and made an action plan,,,,,,,going to remote areas of jungle is difficult so they decided to take help of Tigers .....tigers where not many about 2000 across India,Tigers were told it will be good opportunity for Tigers,they will be brand ambassadors of environmental preservation, they must participate , tigers did work enthusiasm and energy , Tigers were asked to catch prey and carry prey to zoo where other animals were to feed,.This was continued for years Tigers would hunt for prey bring it to zoo , tiger would get their share of meet , other animals zoo authorities would distribute rest,Tigers were feeling proud about their noble job,were given next responsibilities of assisting farmers plantations animal husbandry must work like Loyal DOG etc that was also successful , tigers made farmers and other really aware about environment,.......later zoo authorities decided tiger must not eat meat before them ,if tiger hunts and eats without bringing it zoo it will be offense ,,, meat must be brought to zoo , and zoo people will decide how much tiger should eat and not to eat.......tigers were asked to register themselves bio metrically and must pay for favor of hunting in Jungle reservation..... asked to give disclose of every meal ,..Later zoo decided as what they are feeding to tigers is too much for tigers ,,, so they decided restrictions on his meal ,tax on meal and many other measures ,,,,, Farms plantation and other work for few decades resulted in very good awareness among the farmers and others , there is good crop plantation and animal stocks ......Tigers were poorly nourished ,,,,their number was gone down from 2000 to 1600 , tigers were not wanted even for Dog's job,,,,,tigers were blamed for pollution , for making hunting and cruelty , tigers continued to run away from Reservation forest .....rest tigers who didn't understood situation kept working for zoo ....never understood , now environment is fine ,plantation is working fine , animal stock is fine , online merchants are doing nice , in fact there is opportunity of making extra money from online merchants ,,,,,so decided tigers must leave the FOREST RESERVATION

The fact that SEBI wants the actual commission in absolute terms and the direct and regular Expense ratios to be mentioned in same statement ..suggests that the distributors should go out of business ...cos once an investor sees how much commission is being paid to distributor and the diff in expense ratios..he will immd prefer to go direct. This step of SEBI is regressive ad detrimental to the growth of MF industry. In no other business anywhere such kind of disclosures are there. Every investor today can find out the expense ratios form fact sheets/web ..everything is transparent. there is no logic in stating the commission in absolute terms.

why regular plan and disclosure. simply scrap regular plan and have only direct plan.

SEBI Should Also Disclose Its Each And Every Employees Salary And The Justification Of Their Payouts. After All They Are Also Eating Taxpayers Money. SEBI Is Considered To Be A Watchdog And Must Control On The Fraudulent Activities In Entire Equity And Equity Related Market Products But Still Frauds Like Styam Happened And SEBI Did Nothing. SEBI Only Makes Remark After The Incidence Is Over. What Was SEBI Doing When Vijay Malya Was Applying For Loans In Different Banks. SEBI Must Have Come Into Action Then And Should Have Shared The Market Value/ Credit Ratings Of Vijay Mallya's Company To Everyone So That He Could Not Take Loan And Run Away. Will Ever SEBI Take Any Action On INSURANCE Products Also. Dont SEBI Know The High Cost Of Insurance On Traditional Plans??

Only distributors Commission should not be there Total Charges to the fund is also should be mentioned over there so the investor should be knowing how much is the distributor is earning and how much the AMC is earning out of all the charges they have paid for. This will be the actual transperancy.

By disclosing the sallary of the exicutives and CEO and other's will not provide the truth about the weather the charges they are paying for an INvestment is justified or not? Total charges to the fund are to be disclosed alongwith the Distributors Commission should be displayed in same table for Investor to know the exact valuation of the expences.

This will certainly discourage distributors to do mf business, please stop such kind of measures which will hinder the growth or penetration of mfs. Now investors may ask to share brokerage or they will go for direct mode to save brokerage. This is just to drag down ifas. On one side govt says it will encourage self employment but on the other side its dragging down the self employed by imposing such new measures. Not acceptable.

IFA associations must take this to the Finance Ministry and if there is no response then it must be taken to the court of law and SEBI must clarify what purpose it wants to bring this regulation and why this is not applicable to Insurance and other distribution oriented industries all through the country.

It is may not be good for the industry, client may go for the direct investment option to save their small commission expense, and miss their experienced investment suggestions/advice. I wish SEBI should govern the companies fraud things, balance sheets and speculations in the market. then only investors are benefited.

this may lead to ill-feel between distributors and client relationship.

it seems that sebi has only left with only work i.e.disclose small distributors income to investors to ask them kickback and say they are transperent in all matters related to distributors but hide the income of all sebi officials ,amc officials, and above all the rullers forming the laws and bylaws . it indicates double standard of AMC towords ditributors.

I think SEBI wants IFA community as a whole to be eliminated from the industry. Who is going to benefit out of this disclosure? It paves the way for investors to take wrong decisions

Ifa association should file a petition in competent court of law so that sebi may rollback his decision.All IFA should bear the advocate fees equally.We should ask sebi through court please clarify in which business distributors disclose their income moreover it will stop entry of new distributors and will slowdown the growth of this industry.and clieny will ask passback.

I request Sebi pl also disclosed

Lets unite and put a case agaibst sebi. Take stay order. Ifa need a association to fight for their rights. Also we should write to modiji to stop such a nonsense.

All india mutual fund distributor go for strike against this rule. & also stop mutual fund business for 15 days. we have to make all india mutual fund association so we can oppose .

SEBI should also disclosed some another information to account stat like fund manger charge telephone bill of Amc & some other expres like total salary of staff indiv

Do you know what is the net profit margin of a oil companies, tobacco mfg, FMCG , Medicine mfg , or affluent educational insti , hospitals etc . These are much important points to be looked by Govt apart from mfd.

Distributor should strike ....no purchase ni sip .only redemption

Dear SEBI ,It is a mad proposal. You practice as a distributor & ask yourself "shall I agree self's decision". All the employees of SEBI & AMC must also discloses their pays & honeriums to the investors.

Friends, as our ifa people in small number that is whay all are taking granting , its time to unite and fight back on this issue, so much concerned about investors, then why not seal other products where the commission is more than 10%, a matter of 1 or 2 percent + direct channel, it takes so long time to convince and canvass on behalf of mutual fund company, the pain , the time we spend or devote is no where concerned to anyone.