Sebi cuts mutual fund fees, bats for small investors

This is funny. By reducing TER SEBI is safeguarding small investors....hahahaha. So basically they want small investors to go direct because for IFAs it will be unviable to service small investors. Also SEBI says that small investors were not investing because the cost was so high that they will loose their entire gain in it. And now crores of investors will enter because the cost has been reduced. This is the funniest belief of them all. Investors don't know and don't want to know how much is charged to them and how much a distributor is earning as long as they are making good money and creating wealth. Also they expect distributors to stay with them til the end of the road. Now SEBI doesn't want this to happen so how is the investor safeguarded? No investor till date has told any distributor or anyone that he or she doesn't invest because the cost is high. This is all foreign regulations which is brought here to I am sure some new foreign giant wants to enter in the distribution and want to eliminate us so killing the competition.