Direct investing will not cannibalize MF distributor business, says NS Venkatesh of AMFI

Also in regular plans you put blame on us if investors lose although we are not responsible for it but if a direct investor loses who will be responsible? Is SEBI responsible for safeguarding the investor money meaning is their role to see to it that investors don't lose or is it to increase their return by a megre.0.5%? And show that they can make huge return by saving this half percent and not look at 10% return on their investment.All this because AMCs wants to make highest profits at the cost of crores of investors and about 2 lakh distributors. SEBI hands in gloves with AMCs is doing everything to make it come true. Instead of banning misselling hubs like banks they are putting an end to ethical group of distributors or MFDs or IFAs. If direct investor loses they all should go to court and file a case against AMCs, AMFI and SEBI.

This is not right. What will happen is insurance commissions will also reduce and if that happens how will it benefit us? We have to fight for our right and not punch on other fellow distributor's stomach. Please don't do it. It will divide us from the whereas we should unite with them because they have a much larger nos with them that will help us to be heard.????????. Also there are direct insurance plans at present which are as bad as direct mutual funds.