Adviser vs distributor: Why the standards used for mutual funds do not apply to insurers, banks?

This person is saying hum to doobenge Saath mein San ko leke jayenge. Bhai APNI bachane ki himmat Nahi hai. Saath mein aa ke ladne ki himmat Nahi hai to doosre ki kyon lootane ke pichhe pads ho? Aise login ko hum jalku ya jalaku kehte hain. Meri to dokbne doonga jabki mein Woh bacha Sakta hoon lekin bachaoonga Nahi aur Saath mein sabki dokbaoonha.

Although I do agree with the bank part of this article. Banks are the biggest missellers of all financial products but government or any regulator is doing anything into this. Banks should be barred completely from selling any third party products from immediate effect so that misselling of the financial products can be stopped immediately. Also manufacturers of any financial products should not be allowed to sell any of their own products of course because there is a huge conflict of interest be size they will sell what earns highest profits to them and also they do not have expertise to understand investor's need and they always missell. Also all web aggregators are selling or promoting plans where they earn the highest commission so that also needs to be stopped completely. Only individuals like MFDs and insurance agents are right people because they will want to keep the long term relationship with investors and so they would by enlarge never missell. And if any of them found to be doing so should be punished. This will take care of the entire misselling of all financial products and will also create lots of employment in our country.

The government is more focused on removing the most important link between these companies and investors which is MFD and insurance agents which is going to impact very badly in shirt as well as long term.

Allotment of ARN number
ABHISHAK MITTAL
PAN. AAVHA7192Q

My son-in-law Abhishake mittal (PAN- AAVHA7192Q)huf has applied for fresh ARN in his name on 4th of march 2022, at cams pos Sriganganagar. All the formalities kyd as karta & individual as EUIN was carried out by cams pos. DDs submitted were encashed by cams. But on 7th of march 2022, Mr Abhishak received NIGO & asked to go kyd again & submit all papers on line. Mr Abhishak sent POD of cams pos & asked them to trace papers at their end or have talk with their pos cams Sriganganagar office, as it is not feasible to undergo kyd again but cams AMFI unit refused to trace the papers at their end or to talk with their cams pos Sriganganagar office in this regard.

I understand that Amfi has appointed cams to help & cooperate distributors but their behaviour is very unfriendly & enemious. In this case they have raised NIGO without waiting for papers to be reached at their end. Further more the DDs submitted are encashed by them. Can anyone imagine cams would have received DDs without having all the formalities completed & KYD done.
I request all of you to share their comments & experience with cams.