Dear Sirs, Greetings. Initially moving a big rock is a high task. Once it is jerked, then the job will be ok. c n annadurai

Good Job, I am with you & your thoughts, We the I F A are very much affected by the several recent changes , I am in M F selling since very long time , I feel We the I F A are 100 times better in the previous time from the 1985 to 2000 , my previous code no with U T I M F was N E 0034, no jhhanjhat of renewal & renewal fee. And a hell to do . I joined as C R of UTI mf for 6 to 8 but left . I think I F A are finished , big magarmuchh are doing the the job. chalo hope for the best JAGDISH KRISHAN 09811747282

AKIFAA Team my support is always with you. I need a really a good helping hand that can be only AKIFAA Team. Please let me know the date and time will be there. Will also update the other associtions

THANKS. MOBILE NO 9358104560 ARN 15427,T S RAWAT. ARN 63032 CHANDRAKALA RAWAT, ARN 84527 SHIVANGI RAWAT ADDRESS RAWAT INVESTMENT & FINANCIAL SERVICES, HARDWAR BY PASS ROAD. SHARMA SHOPPING COMPLEX, AJABPURKALAN, DEHRADUN, PIN 248001 EMAIL TRIRAWAT@GMAIL.COM

The idea is very good. I welcome the initiative of Ramesh Bhat and the association in Kerala. There are lot of things to be done to strdeamline the operations of the IFAs and this can be possible only through a dedicated All India Forum. For the many of the ills being faced by the IFA community, we have ourselves to blame. Please read my article on this issue elsewhere in this Forum. I am, per se, not against formation of an Assocation, but all that I can say ;is that it is not quantity that matters - quality of IFAs should be guiding factor for membership into such associations.

We have been discussing the formation of a truly representative National Body through various communication channels for more than a year without much success and this state of affairs will continue until we meet at some place and work out the modalities of forming an All India Body.WE ARE OF THE FIRM BELIEF THAT THE BEST WAY FORWARD IS ONLY THROUGH AN ALL INDIA FEDERATION COMPRISING OF STATE / REGIONAL / DISTRICT ASSOCIATIONS.The All Kerala IFA Association (AKIFAA) is taking the initiative in this regard in organising a meeting of all Association Heads at a place and time suitable to all involved.We request the President/Secretary/Office bearers of all the existing State/Regional/ District Associations to forward their email IDs and contact numbers to allkeralaifaassociation@gmail.com with copy to sureshnair.trivandrum@gmail.com & oommenp@gmail.com .We have already got firm support from two associations-Suresh Nair,General Secretary,AKIFAA.

Continue from Last comment... 5-I support 100% with my heart to create this type of association & create one of them at Hardwar two year ago with 75% of IFA at Hardwar, but with in two year it broken by 2-3 Old big IFAs for their BAD INTENTION like miss-selling, Customer Cutting, generate business by offering UPFRONT & TRAILS, COMMISSION etc. We already burnt our hand. We only collect 1200/- from every member for whole one year which include refreshment once in a month, dinner every quarter, Picnic with Family every year, all festival celebration one day before at one place, distribute good GIFT once in a year etc. All thing going good but 2-3 member always do back stabbing with knife. If Any national level association is formed I have an Idea for fee that every one contribute 1% of his mutual fund income as MEMBERSHIP FEE yearly for this association purely 100% true from his own heart.

Firstly I want to say that; 1-Big IFA not want to united under one flag. 2-National Distributor lobby also cut the life line of this suggestion due to their own shake. 3-Most of the IFA not give his 100% commitment towards this. 4-We most of the people have two set of teeth i.e. One for Show Case & another for Bite. Continue reading next comment......

We Salem SIFA supports all india federation. We are with U Mr. Ramesh Bhat. We will win the situation. All the best.

GREAT Mr Bhat. GOD BLESS YOU for ur efforts. I am strongly of the opinion that there should be IFA Fedaration as one at National level. Regards N.Mrutyunjaya Rao

Regarding fee structure and voting, if the fee for an IFA is Rs.100/-, it should not be a problem for an association with 10 members to pay a fee of Rs.1000/-. Similarly, if true democracy persists when an IFA has one vote, an association with 10 members should have 10 votes. We can take reasonable care that an IFA has only one vote even if he is a member of more than one association, by verifying his PAN or license numbers.

We are grateful to Mr.Ramesh Bhat trying to accommodate the concerns of small IFAs. It is obvious from many comments given on this forum that there are divergent views on whether an Individual should be given membership/only state level associations should be members of National level federation. Instead of forcing someone to join an association in whose work ethics he/she is not very confident of, I believe an IFA should be given a choice on whether he/she wants to join a state level association or wants to contribute to the IFA cause by joining the National Federation. This way state level associations will be forced to work harder to increase their strength by winning over IFAs with their service, rather than getting power in auto route by just being there.

Dear Sir , i will definitely would love to be a part of this type of association. whenever such initiation is taken please inform us . i believe that such initiation should be taken at the earliest. thanks ( my email is amitrathod07@yahoo.com )

QUIT WELL

It is a good idea to have more than one National level Federation, because existing one structure may not accomodate the aspirations of all. It will be a point to present various and different view points. The efforts taken so far shall materialise into a federation at the earliest. Congrats and all the best

Sir, IFA Galaxy by name itself represent the name of an association and which may have bigger impect than any National Level association. Please continue with the name and nothing stops it to represent the whole of the IFAs. With time, as presence will be felt, many more IFA will join the force. If we seek opinion and plebiscite first, many negative forces will come in the way, and if we take stand and follow the path of Sri Sri Rabindra Nath Tagore (............Ekla chalo re...people will fall in line). I am with you for the last two years and in this industry for the last 12 years, I can understand your visionary leadership for the cause of IFAs. Request you to move ahead. Irrevocable damage is already done to great extent. Sensing the more troublesome time ahead, wisdom does not allow to argue further! If we value time, we should respect it as TIME IS MONEY & KEY. Simply use it intelligently. Rgds

its good that we all feel the need for a strong represantion as an IFA/ Advisor, so that we can work in a healthier environemnt have better incomes and not pushed wrongly by the regulators and the goverment and even other participants of our financial industry. i completely agree with mr. panicker for all the points raised by him. having an organisation is more of a charity work with passion rather than some kind of ego driven activity. please be sure who is leading and how well he is leading the IFA fraternity. i am game for a fair and serious association. hope to have clarity on this. best wishes to all who are taking this initiative.

We, IFAs should form a federation on all India basis, just on the line of Agents federation of L.I.C.I. (LIAFI). It is a very strong body and has full suport of Agents through state level associations. With federation, we can repesent our views to SEBI, Finance Ministry and Fund Houses.

You have been circulating the idea of National Federation in various forms for more than a year now. Even a draft MOA & AOA was circulated but not even a single sitting of like minded Persons was conducted. The time has come let us have one point agenda- National Federation- until that is achieved let us postpone all IFA One day Gala events with the sponsorship of AMCs.

I am in favour of an All India Federation of Financial Advisors, THE NEED OF THE HOUR IS A SINGLE ALL INDIA NATIONAL BODY FOR ALL MUTUAL FUND ADVISORS In INDIA Thanks fortaking initiative in tnis regards, Thanks &Regards,K.Jagannadha Reddy chennai

Excellent. All the IFAs must be a member of an Association whether it is local or State level. The All India body should have more numbers (IFAs) to effectively put forth the views. It can work as 2 tier or 3 tier system as all IFAs once members at any level are automatically find place at the National level. The immediate need is to enlist members and pass on the details to the higher body for count. Let there be unity and let us prove we are one. Hope Mr.Bhats iniative will bear fruit.

Cntd. from below comments) Further, Art.44 states At any point of time at least 6 out of the 11 members of the Board of directors or 60% of the total strength of the Board as rounded off to the nearest whole number shall be out of Founder Members and/or Life Members. This indicates that the writ of the Founder members and Life members will always prevail irrespective of the strength of the Ordinary Members/Associate Another crucial point is in Art.33 pertaining to Quorum which states: Five members shall be deemed to form a quorum for all meetings of the company. In its present form it is not prudent for this organisation to claim a National character. A Federation of State level Associations is the most appropriate solution.

It is better to have one or two associationd

In this write up it is said that In FIFA, IFA fraternity already has a credible and highly visible national Body. It is only partly correct to the extend that FIFA is a high credible and highly visible Association of a group of Financial Advisers comprising of Individuals and Pvt Limited Companies. On a closure look at the organisational structure as per the AOA published in FIFA corner they cannot be a true representative body of 50000 strong KYD complied IFAs. Art. 15 to 22 & 29 deals with the different class of members and Associates with varying fee structure.(contd) The membership list reveals that the company has 37 Founder members(Entrance fee Rs 1000,00 each) out of which 19 of them are Pvt Limited Companies and 10 Life Members (entrance Fee Rs 50000 each) out of which 5 Pvt Ltd Companies. Now a question arises whether Pvt Ltd Companies comes under IFA Category or not.

this is great successful association .

This is Great, Successful Association (like ASK Circle) should try to spread their motto & strength in smaller cities or inactive cities. It will then only become a noticeable figure widely. My suggestion extends little more to them that only doing single or couple event at in mass level will hardly improve any quality of IFAs, it should be done as team building with strong Leadership,NOT ONLY MAKING SOME PEOPLE FIGURE-OUT & RELYING ON THEIR DOINGS, as in many places it had been find that they only want to come in fame & their isnt any ground level work done. BUILD A STRONG ASSOCIATION so that all are ready to LISTEN us.

I strongly agree that there should be an associaton for advisiors benefit as government is taking decision which are destroying IFA ( with direct channel and regular channel ). and I also agree that there are som many IFA in small area who are not connected with internet regularly so we have to get them in system also.

Whenever this association word comes up, the first thing that comes to mind is the Rotary Message " Service above Self" , the reason we have so many associations across India is that lot more people are keeping Self above the Association itself and hence the reason for the said association not being that successful.

I EXTENT MY SUPPORT TO YOU FOR THE VISIONARY VIEW I AM ASSURING YOU THAT OUR ORG CIFFA IS BACK WITH YOU

A GREAT EFFORT I PRAY TO GOD FOR THIS KIND OF NATIONAL UNITY AMONG IFAS

THE NEED OF THE HOUR IS A SINGLE ALL INDIA NATIONAL BODY FOR MUTUAL FUND ADVISORS , I REQUEST ALL MUTUAL FUND ADVISORS TO COME TOGETHER AND FORM A NATIONAL BODY FOR ADVISORS WILL ASK CIRCLE OF KOLKATTA TAKE THE INTIATIVE , I HAVE PERSONALLY BEEN TO KOLKATTA AND I AM VERY MUCH IMPRESSED WITH THE FUNCTIONING OF ASK CIRCLE

Xlnt initiative. But earlier it was suggested and circulated, publicised only the state level associations (duly represented by the regional associations of the particular state) will be members of the Federation and that was the right, correct process. No individual member will be admitted. But why now a sudden change in stance. Can you make it much more transparent on the recent evolution.

I TOTALLY AGREE WITH KANAK JAIN , ASK CIRCLE IS DOING A FANTASTIC JOB FOR ADVISORS BASED IN KOLKATTA, KANAK I REQUEST WHY DONT ASK CIRCLE SPREAD THEIR WINGS ALL OVER INDIA.,

MY ARN NO IS 197, I THINK BY HAVING REGIONAL ASSOCIATIONS FORMUTUAL FUND ADVISORS IS OF NO USE , IT WILL BE BETTER IF WE ALL JOIN HANDSANDHAVE ONE CENTRAL BODY OR ASSOCIATION FOR MUTUAL FUND ADVISORS,WHICH CAN TAKE CARE THE NEEDS AND WANTS OF ADVISORS

Dear Rameshji, Its is sad that still you are not expressing your views about forming an association of State bodies. IFAs are already having membership in this bodies. We have a specific structure of position sharing system. Our nation is famous for its democratic nature. Power is not concentrated to upper body. Our goverment is giving maximum attention to decentralise the power system through Panchayatiraj. So take initiative to coordinate State level bodies across our Nation. Let the State body take the whole responsibility to set up district bodies. So that national association can concentrate on policy matters. I would like point one more important thing that there are IFAs still not using internet and other modern communication systems. We have to count them also

This is amazing . We are working together and will continue to do the same. Lets not make assumptions and waste time. Its time to work . ASK Circle and all the other associations in East India ( Odisha, Bihar, Jharkand, Chattisgarh Noth Bengal )are together. We will do everyting to make positive move and development of MF as an industry.

Good Effort, your hard work will bear fruits. All the very best.

I fully support the views of Mr.Sam Koshy. Mr.Bhat must take the initiative to form an association of State associations immediately. We are with you Mr.Bhat.

IFAs Navneet Dhawan &Uma Murali saying clear facts that leads to a very democratic structure. Mr.Ramesh Bhat, IFAs request you to promote an association of state associations, not an association of individuals. By doing so every individual IFAs concerns and views will be heard. If anybody, for some secret reason, dont want to join a local or state association he belongs to, then let him join another state association he prefers. No individuals should be encouraged to join national association. I, therefore suggest& request you to take a turn from your present idea of creating association of individuals. You are clearly one of the very few persons to act as a catalyst to create such an association of associations.

A good initiative.... our appreciations to you and we assure our support

Mr.Bhat, Its a very good intiative , infact many of the small IFAs like me are not able to join the various groups formed.Infact, the smaller ones should be also contacted thru mail or phone and make them aware of the associations at state levels and encourage to join such associations for resolving issues peratining to the Distributor community as a whole.

Great initiative taken by Ramesh Bhat.When FIFA was formed,I had a feeling in the mind, the membership was too costly for a common IFA. If common IFA is not represented in the body,there are lesser chances of it succeeding. My best wishes to Ramesh Bhat.

Mr.Bhatt your visionary thoughts are good for distributors and investors. It is not easy to unite everyone, and it is a great task. Great tasks are achievied with the first step. Your first step will lead to achieving the task. One united Distributors association for whole Inida is welcome. On my part I shall educate my known colleagues join the force.

I would like to acknowledge clarity of thoughts of Mr. Bhatt, over positioning a democratic and representative association wherein the voice of the smallest IFA is paid attention. Moreover the idea to have 5 zones and keep membership through a state body or directly would give full liberty to members joining the association. This will ensure levelheaded importance to all in the association enabling a degree of satisfaction for the smaller member of the IFA Fertanity. I would request Mr. Bhatt to through some light on the state level associations as being in Indore (Central India), to the best of my information there is an association of IFA within the city (IIAA of which I am a member), but no state level body happens to be there in central region or even in Madhya Pradesh.

Association should be strong enough to stop 2 different NAV in 1 sceme I am in favour of only one association. IFA should limit their customer base. Direct plan is going to spoil the comlete mutual fund industry.