Sebi's proposals to bring in transparency but costs could go up, say advisors

The cost not only can but WILL go up. SEBI wants to give whole pie to AMCs. People can and will go to mf offices believing that they will get the right advise for free. We all know what advise they will get. But SEBI is adamant in doing this. If the customers go to RIA, the cost will be very high because of advisory fee and even in direct FMC which AMCs can hike anytime. How does this benefit the customers. Especially small investors? The cost will be very high for them. How does SEBI justify that just because AMCs don't want to give commissions to IFAs and wants to keep more money to themselves. Actually AMFI which is a mutual fund SRO actually mutual fund lobby at the cost of the customers wants to make extra money. Shame on them.