AMFI Complaints & Reviews

Dear Sir/Madam,
I am an IFA whose lost job and looking at Financial Planner as a career, but the way i approach my clients and they respond that they are DIRECTLY Investing in MUTUAL FUNDS through ET MONEY where there is ZERO Commission mentioned on their portal.

ET Money has created a portal (platform) for customers to buy mutual funds. we are ok. But the way they Promote on TV, Newspaper, Social Media & Internet that you invest in Mutual Funds Directly and save on ZERO Commission and earn extra returns, is not the correct way to acquire business.

They can promote to customers to Invest in Direct Mutual Funds but not the way they are doing.

If this expected from ET Money then stop giving ARN numbers to new Individuals who are Dreaming to make career in Financial Planning because they will not get any Business from customers and slowly these people will be JOBLESS from this self employed career also.

My humble request to look into this and save the IFAs from getting jobless.

thank you.

Sir, i arn no. 153740 has already been issued by amfi but my arn derails is not shared by amfi to all amc, i have already requested to amfi through help line number and emails but they is not taking appropriate action. So that i am unable to empanel with amc whenever amfi not share/update my data with amc

Pls help me and direct to amfi to update.

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.

I have invested in various mutual funds in India. However I always receive incomplete information in the statements received from various AMC. The information mentioned in the statements are always the current market value of the investment however the amount invested initially is never mentioned. I tried to register the complaint at AMFI website and could not find a single email address for customer complaint redressal.

Thank You

Dear Sir,

I like to bring your attention to mass cheating conducted during AMFI Mutual fund test at Jammu University test center on 18.10.09.

The test was conducted by AMFI in association with HDFC AMC Jammu.

It has become common practice by the AMC to help to conduct AMFI Mutual ADVISORY module test for is Distributors.. The test was totaly controlled by the HDFC AMC personels, they were giving papers on behalf of their distributors and employees.
There were large exchange of papers. The staff of HDFC AMC was engaged in distributing papers . The head of jammu AMC was himself helping his distributors and employees to complete the papers.

I as a student strongally object to this practice of AMC .
The AMFI boast of it high morally and ethical practices and they were themselves engaged in such practices. The invigilator kept his eyes closed

If you can't ensure complete fairness during examination plz diccontiue the practice of taking examination in Non test centers.

It harms thee interest of people like us who have taken labour to study and qualify for the examination and mutual fund investors who are highly dependent on so called good advisors.


r

Dear All

I had applied for AMFI exam and passed but till date i did not received my result.

At the time of exam my photo was not updated online so that person told me that result will be send by couier but till date not received now photo is updated . Please do the needful as soon as possible
my exam details are as under

Dear paresh,

Thank you for enrolling for NCFM Test.

Please note down your enrollment details :

NCFM Id : NCFM-[protected]
Module Name : AMFI-Mutual Fund (Advisors) Module
Module Language : ENGLISH
Test Date : 18-Oct-2008
Test time : 09:30-11:30
Test Center : Surat

You are requested to carry a Photo ID card along with the proof of your birth date for verification without which you will not be allowed to attend the exam.Also you must carry the Hall Ticket with one passport size photograph.(if you have not already uploaded it in the NCFM System)You are requested to be present at the Test Center atleast 30 minutes prior to the actual Test Time.Please comply with the rules and instructions given by the Test Administrator.

This is an auto-response mail.Please do not reply back.Please write to us at [protected]@nse.co.in for any queries/assistance you may require with ncfm online facility.

Thanking You.

Yours truly,

NCFM Department
National Stock Exchange of India Ltd.

Please Note : 1) You may access your NCFM account online on www.nseindia.com. Please reset your password by clicking on the 'Forgot Password' link and providing the details as required. On submission, your user name will appear on the screen, which may be noted down. Please choose a password you desire.
2) If you are not able to successfully login using above username and password check the settings described in 'Trouble Logging In?' link on Login Page.




Dear paresh,

This is to inform you that your payment has been confirmed by the Bank.
Name : paresh manoharlal tahelyani
NCFM ID : NCFM-[protected]
Module Name : AMFI-Mutual Fund (Advisors) Module
Module Language : English
Amount Paid : 1000.00
Address : Zulelal street, dr gidhwani road godhra godhra-389001
Tel Nos : +( 91 ) [protected] +[protected]
Gujarat
India


For AMFI Modules you will have to purchase the Course Material from following address:

Association of Mutual Funds in India (AMFI)
709, RAHEJA CENTRE,
Free Press Journal Marg,
Nariman Point, Mumbai-400 021
Tel. No.:[protected] / 1887 / 1889 & 2287 6338
Fax.: No.:[protected] / 2287 6339
e-mail: [protected]@bom5.vsnl.net.in