Net SIP growth falls 61% in April-December

Sip growth has declined and will go down even further. The returns as we talk today are showing negative returns whereas they were not so a year back. The Distributors and IFAs who made mutual fund acceptable in the society and brought in the maximum business has been ignored by AMFI and the AMC. IN INDIA IT IS NOT POSSIBLE FOR AMC TO DO SELF MARKETING AND GET BUSINESS AS IT WILL RESULT IN VERY HIGH COST MARKETING. MFI AND AMC DIRECTORS AND TRUSTEES who are a part of the AMFI board have made the upfront commissions ZERO. Why will a distributor go to an investor at his own cost and peruse him for investments if he is not getting any commissions. Trail commissions are subjective and does not meet the cost incurred by an advisor to fetch the business. Wait for a while and see the effect. Mutual Fund industry will face its consequences and taste the bitterness of falling AUM AND SIP TERMINATIONS AND VERRY LOW LOW REGISTRATIONS.