Mutual funds say SEBI only partly modified norms on MF categorisation

This is an eyewash. SEBI does only what is beneficial for AMCs and also will change what is good for AMCs only. They do not care and are not responsible for the investors at all. I have not seen SEBI ever changing what is not good for the investors or distributors but always sticking to anti-distributor(Except banks,Webaggregators and Brokers) and so anti-investor because we(IFAs) are the only ones who give the investors the right product suitable for their needs and goals. SEBI is clearly hands in gloves with AMCs because if SEBI would have completely changed the regulation then it would be out in the open that they are hands in gloves so they just changed a little bit but AMCds would have got what they wanted at the cost of investors. If SEBI is ready to change their mistake then the first thing they should do id Forget RIA because it is a failure and it is a malicious concept just to benefit AMCs at the same time they should stop direct plans for the benefit of investors. Right now RIAs are getting the businesss by bashing distributors only. They have nothing else to offer because we also "value add" to the investors and we serve them for free which is a big job. Shame on them.......