Book Review: Value Research's Mutual Fund Yearbook 2015

Mutual funds Distribution business is waste of time now a days. There is no future in selling Mutual funds. Let's take my example. I am a new ARN holder. See my journey as an MF Distributor.

1...First clear the NISM exam by paying 1700/- then appeared in exam by travelling 100km (Spend 800? ). Then paid 2000? to AMFI. Total expenditure 4500/- Now I am ready to sell MFs ????. No..No..

2. Now I have to empanel my self in all different AMC ( What the foolishness). What they don't empanel me in auto mode . I went all the AMCs individually whose offices are spread at different places.

3. For empanelling in few AMCs I have to send forms by Courier.

Now comes selling Mutual funds.

I started with Lump sums and SIPs.

In lump sum when client got folios , same time he received the mail from AMC for registering himself online and transact online.
Then my investors came to know about Regular and Direct mode.And after some time I came to know that 50% of my business went in direct mode.


Now listen the story of SIPs .., here The same SIP started and client received mail for. On line and got some awareness from newspapers They are also planning to switch to direct mode as some WEALTHEE app is promoting direct mode...

Till now I have not earned anything from distributing MFs. Only wasted my time in educating peoples for investing in MFs.

What does SEBI/AMC think themselves. We distributors educates investors about financial market and MFs , and then these SEBI/AMC tell them to go Direct.

There should be a ruling that and investor who is going in Regular mode cannot go in direct mode at least for three years......