AMFI — high commission | |||
kindly do keep 1% expense in open ended/close ended all equity and debt mutual funds by this all ifa's, national distributor and banks won't do miss selling for higher commission and nobody from above have to passback commission to clients.If all amc's / fund house keeps 1% expenses in all mutual funds nj fundz, karvy, jm, aditya birla etc wont give more then direct amc's. Sundaram is giving 8% commission and in that we have to passback 7% back to client, so its almost same and finally we are getting net 1% commission. To reduce expenses of All Fund house/Amc's and give more returns to mutual fund clients, keep only the main branches in all cities and rest close down all mutual fund house branches.By closing the branches, the cost will be reduced as all mutual fund branches relation ship manager and manager sit in their office in a/c and keep calling all ifa's/agents to give buisness so that RM and Branch manager targets gets completed and they dont have to do anything else other then watching cricket and trading in share market in amc's office. Keep only One main amc office, cams and karvy office at fort or churchgate and that also far from station, as rent will be less if it is far from station.Also keep all amcs, cams and karvy offices in same building so that both direct mf investor or agent can go in same building.By this expenses will become less and mutual investors will get more return as expense of all mfs will be 1%. Keep (4) application pick up boys for ifas/agents/banks in western, central and harbour lines and (4) relation ship manager for ifas/agent/banks. One more benefit of 1% expenses in equity and debt mutual fund is, in case if any of the direct customer wants to invest in mutual fund they will contact agents/ifas and now they know that as high commmission is no more, so ifas/banks AND national distrutor wont do miss selling to me now as all of them are getting same commission AS expense in equity and debt is 1% only. IN SHORT IF THE COMMISSION IS LESS, MISS SELLING WILL BE LESS BY NATIONAL DISTRIBUTOR, BANKS AND IFA'S AND NO MORE GOING OF FOREIGN TRIP FOR NATIONAL DISTRIBUTOR, BANKS, IFA'S BRANCH MANAGER OF AMCS AND THEIR SENIORS. Was this information helpful? | |||
 2 Comments | |||
by this all ifa's, national distributor and banks won't do miss selling
for higher commission and nobody from above have to passback commission
to clients.If all amc's / fund house keeps 1% expenses in all mutual funds
nj fundz, karvy, jm, aditya birla etc wont give more then direct amc's.
Sundaram is giving 8% commission and in that we have to passback 7% back
to client, so its almost same and finally we are getting net 1% commission.
To reduce expenses of All Fund house/Amc's and give more returns to mutual fund
clients, keep only the main branches in all cities and rest close down all mutual
fund house branches.By closing the branches, the cost will be reduced as all mutual
fund branches relation ship manager and manager sit in their office in a/c and keep
calling all ifa's/agents to give buisness so that RM and Branch manager targets
gets completed and they dont have to do anything else other then watching cricket
and trading in share market in amc's office.
Keep only One main amc office, cams and karvy office at fort or churchgate and that
also far from station, as rent will be less if it is far from station.Also
keep all amcs, cams and karvy offices in same building so that both direct mf
investor or agent can go in same building.By this expenses will become less and
mutual investors will get more return as expense of all mfs will be 1%.
Keep (4) application pick up boys for ifas/agents/banks in western, central and harbour
lines and (4) relation ship manager for ifas/agent/banks.
One more benefit of 1% expenses in equity and debt mutual fund is, in case if any
of the direct customer wants to invest in mutual fund they will contact agents/ifas
and now they know that as high commmission is no more, so ifas/banks AND national
distrutor wont do miss selling to me now as all of them are getting same commission
AS expense in equity and debt is 1% only.
IN SHORT IF THE COMMISSION IS LESS, MISS SELLING WILL BE LESS BY NATIONAL DISTRIBUTOR, BANKS
AND IFA'S AND NO MORE GOING OF FOREIGN TRIP FOR NATIONAL DISTRIBUTOR, BANKS, IFA'S BRANCH MANAGER
OF AMCS AND THEIR SENIORS.