A pause has been made in the relationship of the IFAs and Mutual Funds with SEBI prescribing due diligence for Major distributors.
The distributors having 20 points of presence, or Rs 100 crores raised from retail or HNI etc.. will be under scanner.
Fund houses feel more needs to be one to regain the lost sales.
But what is there for you, the investors in these beyond Rs 100.00 or Rs 150 .00
Minimum investment will automatically jump to Rs 10,000.00 by default. Only SIPs will flourish below the magical entry number!!!
Financial Services needs to be delivered with adequate responsibility and sufficient earnings(Cost plus a profit to help him carry the business through).
Nevertheless, a logical service enhancement, if at all happens will be welcome.
Those who read this also read: 1. Does Your Investment get withered Away?
2. Does your Money work for you?
Start Early, Proceed Systematically, Look Long Term
Let Your Money Work For You
All You Wanted to know about money
No comments:
Post a Comment