SEBI instructs AMCs to disclose executive salaries

Why doesn't Mr Chairman return what he earned 'extra' during his tenure as UTI Head...Let's make it a fair game!

Show all the employee salary

Sinha ji apni salary/commission/incentive/others advantage kyo nahi disclose karte hai. Aao apni aukat public dikaho

i think more than disclosure of the commission this will have adverse impact on industry growth. You can not expect Fund managers or any other top excutive to work on salaray which is nothing but penuts. They will leave the industry and you will work with all inefficient fund managers beacuse there are no takers for them. As such one needs to disclose what SEBI chairman and its executives get because they are being paid by our money only

It highly immature to disclose agent commision only , SEBI should also direct all AMC to disclose all related expenses in investor statement

This is unwarranted but I must say SEBI has been consistent in prescribing regulations which are not required. Instead of focussing on the real issues SEBI is behaving like a dictator

SALARIES/INCENTIVES OF A SALES MANAGER SHOULD ALSO APPEAR IN EVERY STATEMENT OF ACCOUNTS. THE RESTRICTION OF 60 LACS SHOULD NOT BE THERE.THE SALARIES OF SEBI CHAIRMAN/OTHER OFFICIALS INCLUDING CLERICAL STAFF AND PEONS SHOULD ALSO BE MADE PUBLIC AND ALSO BE DEBATED IN PUBLIC WHETHER THEY ARE JUSTIFIABLE LOOKING TO THE ROLES THEY ARE PLAYING. LACS AND LACS OF GRADUATES /POST GRADUATES ARE UNEMPLOYED /UNDERPAID IN THE NATION, HOW CAN OUR NATION AFFORD TO PAY HEAVY SALARIES TO SEBI EMPLOYEES?.IF I REMEMBER CORRECTLY MR BHAVE THE THEN SEBI CHAIRMAN WHO HAD STOPPED UPFRONT COMMISSION OF THE ADVISORS HAD GIVEN 50% SALARY HIKE TO SEBI EMPLOYEES. ALL THESE THINGS ARE UNJUST AND UNFAIR AND SEBI IS BENT UPON TO KILL MUTUAL FUND INDUSTRY.

Dear Sir , where is Equality , that rule applicable on LIC , (all Life Insurance Co.) , General Insurance company, Post Office and Other Commission Agents disclose commission through Statement and send on client mailing address Half Yearly Basis....... and AMC charge more other charges on NAV many type of Charges and Managers Visiting Expenses including Taxi and Hotels Exp. disclosed on Consolidate Statements of Accounts

The problem is, that u can not expect a fair intervention from Ministry of Finance also.

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.

What SEBI doing is unfair! No other industry such regulation/conditions are there.

If they really want Transparency in MF industry, then it should start with the SEBI organization itself. In the past 6-7 years , the fees charged by SEBI for various services for various market segements has gone up!!!. Our money is used for the following activities.
3-4 years back, SEBI has spent nearly Rs. 100 crores for buying houses for their top people and the employees.
As of now also, SEBI is providing fully furnished houses to most of its employees and houses in south Mumbai for their top management. Complete house keeping is taken care by SEBI appointed agency for these people. Eg. If the washing machine is not working in the house, the they will inform the agency person. Then the agency person will send the technician and ensure that it is working properly. Similarly for anything connected to housekeeping for their accommodation. !!! The employees need not bother about minor problems in their house. !! This facility is for all levels of employees. !!! No common man has this facility!!!!!!!
SEBI is providing transport facility from their quarters to SEBI office. In the SEBI office, they get superb food at highly subsidized prices !!!!. They have medical insurance, LTA facility, Holiday homes at various resorts, Hill stations, etc( tie up with Holiday chains). Life cover insurance, Vehicle, Vehicle loan, home loan, etc.

All the above perks are the Tax payers money and users of SEBI’s services. This need to published in SEBI website.
This is not written in vengeance against SEBI new circular! It is as simple as that “ IF YOU PREACH SOME THING TO THE WORLD, YOU NEED TO PRATICE YOURSELF!”

Now d time has come when we should stand against sebi.. Enough is enough.. We as a industry people should not comply with anything now onwards..not let's see what AMFI does..

Sir,

Unable to _____________________________

Sebi is playing a mind game with the ifa's they will finish us in 4 to 5 years as already they done to launch direct plan in retail ' I don't know what is the need of that ' direct kya peoples jyada better understand krte h ' Mr chairman this is foolish secession made by u

Most of the Equity Funds/Debt funds have outperformed their bench marks over long term and have given alpha to the investors. Very few fund houses and funds have under performed. Higher the alpha, higher the competency, higher professional ability and higher salary and bonuses and perks have to be paid to the Fund Managers and the concerned. Anybody with some common sense can understand this. It is only logical. If salaries of concerned are to be published and the public has an option to view it and post it in Whats App and other social media, it will lead to anarchism in Asset Management Industry. . I don’t think SEBI intend to damage the industry. It will only help the under performing Fund houses. Out performing fund houses and funds will start under performing. It will be against the interests of the investors. Fund Managers should be paid for their ability and their hard work and their efficiency. Contd.
Request AMC officials and IFA associations to jointly or severally bring the destructive initiative of SEBI to the attention of Government.
Apart from what is said above: -
Everybody should be given a level playing ground, whether it is Asset Management Companies, Insurance Companies, Banks, Industries, or any other sector. If salaries of Asset Management Company officials and brokerages to Advisers are to be disclosed, commission paid to insurance agents should be stated in Insurance Policy Document. Profits earned by manufactures of industrial products and commodities, earnings of officials including Directors also should be notified. Commissions and the profits earned by intermediaries and the end retailer of physical products also should be notified. It will end up in globally failed socialism. Everybody concerned please rise to the occasion

The only thing that SEBI has taught investors is how to look only at your distributor's commission, not your own returns. I somehow fail to understand that if an investor was getting 8-9% p.a. investing in FDs and he now gets 12-15 % p.a. investing in mutual funds, should he be happy that he's getting better returns than his earlier FDs or worry about the 1% that a distributor gets for his efforts ? If my client's investment doubles, I get 1% of the amount, but the investor got much more than he bargained for because of my efforts, so why would the investor be concerned? The difference between SEBI and IRDA is that IRDA officials understand that business, they are from that industry. It is nice to sit with a calculator and talk about 1% being a "fat commission", if you cannot understand that a commission on an SIP of Rs.1,000 cannot get you anything but a cup of tea.

SEBI should not issue orders based on their whims and fancies. Before issuing an order relating an particular industry it should hear the opinions of all stake holders. AMCs, distributors, investors, etc. etc. And also should ensure that it is for betterment of industry. Running nude for transparency is dangerous

This is one way traffic. Once commission declared to the investors it will be spread with supersonic speed. Afterwards if SEBI wants to withdraw the decission , nothing will happen. Disclosure of IFA commission will be a permanent damage to the industry. So SEBI please think twice before implementing finally.