Dear Rohit- Ur ideas r good enough.If IFA is benefited monetarily,both MF INDUSTRY & AMC will survive.I will say,no parents r called parents till they don't have a child & care for a child.So SEBI & AMFI should consider ur innovative ideas.

i think , we should start paying attention to it . we people are working day & night to bring investors to this industry and we still dont know what aour future would be , when someone will come one day and transfer all our assets into his code and left us in lurch. for the growth & development , we need to pour ourselves deeply into getting new investors every month & giving giving them a taste of equity & debt . if productive things are not happenning .we get stuck with the old made strategies. rite nw the industry is going with many difficulties . so we have look after new things which can grow our earnings and facilitate us for our retirement also . we always think for the present thats y most of the time our retirement have a low standard living ..in relate to that rohit ji idea is highly admirable . and i do work on it . Thanks Neeraj Batra

Wonderful Idea!!!

its really good. i think SEBI,AMFI and AMC, should think over it and should activate as soon as possible

Yes, please

Good idea.Inovetive thought.Thanks.

Dear Rohit good idea everybody should take intrest including all AMCs.a singer take royallty whole life on single efforts on song then in our profession we have do more hardwork on same clients and old clients.other wise we have to face same situation which post office agents faced.an AMC employee change company or industry but we are doing in same industry and with most of same AMCs.we are more loyal then this should be our right/AMCs should think about it. we are going out for new accounts now what AMCs doing for us we have to see.but it is not easy .

I agreed with author, I think, he want to say that, we are giving all our life time to develop Mutual Fund Industries but what Mutual Fund Industries will give us when we are not to able develop new business on old age. Like “In grandson’s marriage few things (as per customs) bring for grandfather and we not consider grandfather age or work etc. So like this we need some pension in old age when we have no business. In my opinion that MF industries or regulators must give concentrate on this matter and this will help for develop Mf Industries.

Mr Rohit come out with an idea. I can"t say that this is new or unique but yes... this is common idea but sorry to say that common sense is very un common now a days. IS THIS NT AN IPL THOUGHT ...? I don"t say that IPL is right or wrong bcoz that is a matter of discussion but IPL has changd the face of the cricket. same way new idea PAN creation can changed the shape of MF IND, but it needs the support of AMCs as well as regulaters. THIS IS THE FACT THAT EVERY ONE LINKED WID MF IND WANTS TO SEE THE IND GROW BUT HOW ? the right answer is this

When AMCs are avoiding to pay UPFRONT AND TRAIL on the DIVIDEND RE-INVESTMENT AMOUNT, WHICH THEY ARE GETTING WITHOUT ANY ADDITIONAL EFFORT ,DO YOU believe they will pay you Rs. 2/- P.M per New investor? and what about LEAKEGES LIKE service tax and Income Tax on this Rs.2/- incentive ?

Exelent idea,i am trying it.

a am also ready to go out and bring new investor who is waiting for me.

For adding up huge people in mutual fund industry Rohit's idea is absolutely correct.India's population is 121 CRORE. Government gives subsidy to farmers for growing up the crops and farmers grow crops and income earned by growing up crop is Taxfree.With this I also want suggest you that like in LIC there is Development Officer like that only by applying Development ARM concept in Mutual Fund Industry Experienced Independent Financial Advisors can connect more people. [like MLM]

rohit kumar ji JAI MATA KI, very very good idea, with this if industry can do one more small change like , BROKER CODE cant change and LOCKING of units for 15 to 18 years.SONE PE SUHAGA.I am ready for 2000 new folios for every year. i am already having 1500 sips/stps with average 2800/rs per sip. and all together aprox 5000 folios,

Really very interesting.AMFI should take a call on this.

DAER SIR IF WE RECIVE 50% OF WHATEVER YOU SAID THERE IS NO REQUREMENT OF ANY PENSION PLAN .

The intention of Rohit ji is not to make 1000 clients per year but to get a regular share of income from AMCs on ongiong basis. The biggest problem is today that an IFA face is insecurity. One day when we stop working, AMC will earn from the client initially convinced by us but we will not get any single paise. WHY SO? Old distributors will love to create hierachy under by adding employees as they will not only get trail but also pension as long as client is active.

THIS IS A GREAT IDEA. I AM WITH THE AUTHOR. ALL THE AMC'S SHOULD REALLY THINK SEREIOUSLY ABOUT IT. THIS IS NOT I WIN. THIS IS NOT YOU WIN. THIS IS A WIN WIN SITUATION FOR- THE IFA, THE INDUSTRY & THE AMC.

The author seem to love excel too much. If business goals can be achieved thru excel he has done the job well. Whereas I agree with the enthusism which he has a lot... but look at the ground reality. 1. If one can get 2000 new clients a year with even 100/- sip, he would be millionair in 10 years. What is this pension which one would demand from amc?Trail is far better. pls calculate. His trail at the 10th year alone is 6lakh. No NAV growth is accounted. 2. I do not know how much staff would be required by him. Those appln needs to be submitted. kyc needs to be done. There will be rejections. there will be redemption, change of bank, adress change and what not.3. there is a cost to doing business and i am sure it is not rs.2/- a day.4. if anybody here has sold children plan.. they would have know kyc, third party declaration etc compliance issue. 5. Only children plan is best plan.!!! 6. couples may not have children or are no longer minor. what will u do? Good to clap.

idea was good i have to think over this

Excellent idea , I am trying it.

Nice idea. I believe in this strategy. If i want to retire, I cann't. But with this approach, I can. Think differently. Its great idea.

GOOD & NICE IDEA

Really its a funny idea. because, if 1000 customser via SIP means we will get per application incentive alone @ 200/- means 200000/- and trial .4% for longer period. 2 rupee concept and all it wont work out. and also 1000 customer per year, unimaginable i think rohit will get.

A very innovative idea,well done Mr.Rohit. To make this idea & many more which our IFA community suggests i think we need to ask AMCs too to support us, but surprisingly they always have regulatory excuse & hardly willing to accept such ideas. So lets first convince our principals to align with INDUSTRY`s benefit which is win win for all.

The idea is good, but the said 1000 individual investor per year each year math is an astronomical figure when thinking of reality.

THIS TYPE OF IDEA BOOST INDUSTRY ALSO. NICE IDEA. INDUSTRY MUST THINK ABOUT THESE IDEAS

Great idea, i am ready, we will create a History, provided AMC Support.

Very good idea sirji, i was also thinking on child plan, because it is emotinal attach by the parents. keep it up, i am with u and also going in KHET. thanks

EXCELLENT IDEA.Surely this will work.congratulations for such ideas and motivation. all the best to u

The point raised by Rohit ji good idea.

An innovative idea Mr.Rohit Kumar. Industry needs plenty of such ideas. Please keep bringing them in Wealthforumezine

love it

Sounds Good, educating 3 individuals a day and getting them to invest is a tough task ,more over tracking their investments and catering to their needs is a tougher task and if i have to meet these people atlest 5 times a year is the toughest task in all for 1000 clients i have to make 16 calls a day for 365 days impossible . I will probably need to buy a new bike every year and probably visit home once a month . never the less thanks for the article

Funny & amature Idea

WE MUST NOT BE VERY ENTHU ABOUT RAJIV GANDHI EQUITY SCHEME. WHY WE R SO LAZY & WANT SPOON FEEDING

No doubt, the point raised by Rohit ji is unique and something really out of the box. The way I understand this article is that if I were to introduce new client to an AMC, I must get some royalty from AMC as long as AMC is making money like publisher gives it to writer. One of the biggest reason an IFA is not able to expand is because his rewards of his efforts can easily be wiped off for example, an employee can just starts on his own and applies for Change of Broker code. Also bringing new customer is always difficult than getting business from older one. So if industry rewards on the basis of business acquisition and not client acquisition, then obviously, we will see only same set of clients rotating from one AMC to another. Who will do hardwork to get new set of clients?

Surely this will work.Nice Idea.

EXCELLENT IDEA.

THE GOVT SHOULD ALLOW MUTUAL FUNDS IN THE RAJIV GANDHI EQUITY SAVING SCHEME.IT SHOULD MAKE AT LEAST ONE SIP OF RS 1000/- COMPULSORY FOR EVERY EMPLOYEE OF GOVT OF INDIA,BANKS,STATE GOVT,MUNCIPAL BODIES,COOP BANKS,COOP SECTOR,ETC... TO INVEST IN MF SIP FOR AT LEAST 10 YEARS.BY DOING THIS WE WILL NOT BE DEPENDENT ON FII'S AND IT WILL LEAD TO DEMOCRATIC GROWTH AND TRUE WEALTH CREATION.

IN THIS COMMENT, I AM BLAMING MYSELF, PL DON'T TAKE OTHERWISE. WE HAVE BECOME LAZY. IN A CITY LIKE KOLKATA/DELHI, VERY EASY TO HAVE 1000 NEW CUSTOMERS PER YEAR. MECHANISM IS TO DEVELOPE. WE R NOT TRYING NEW AVENUES. RECENTLY, WE 3 IFAs VISITED A VILLAGE- 100 KMS AWAY FROM KOLKATA. 125 PEOPLE CAME TO HEAR US- SAVING 200 TO 2000 PER MONTH. NOBODY APPROACHED THEM TILL THEN EXCEPT LIC AGENTS FOR ULIPs

GOOD IDEA.THIS IDEA CAN SURELY CHANGE OUR LIFE.

Do you think this is practical , for getting 200 folios every month, you need to meet atleast 1000 new family every month

Good idea; but i think AMC should pay 0.025 % of their AMU on monthly basis to all IFA equally who fulfill minimum criteria of 12 unique folio. It provide better faith and support between AMC and IFA universe without any financial loss. like if any AMC's AUM is 1 lakh crore with 25,000 qualifying IFA they pay monthly just rs 25 crore to all; which will rs 10,000 per IFA per month for better survival and to respect any SABI,AMFI,AMC, Investor interest and philosophy. ITs strange, everyone work for money even our philosopher can not talk without good salary; how they can suggest us to work for rs 500-1000 per month with lollypop of unseen good future earning; due to unfaithful AMC who even not pay their so hyped trails honestly ??? We found motto is not service investor or pay IFA but just acquire profit more and more by few power fulls on cost of crush the IFA.

Statistical calculation seems to be good but practical is some thing different.

very funny idea.. 1000 new clients a year..Ha ha ha.. If MF is supposed to be advisory business, no individual can guide investors.. IFA shall be ready to be a rubber stamp affixing agent passing something to get business.. Such thinking of 1000 new clients a year is damaging MF industry.. Do think of NFO'S ERA.. Simple folio creation has alarmed SEBI to take drastic steps for investor"s benefits.. and rubber stamp affixing agents are thrown out automatically..

very nice suggestion to involve & motivate ifa's,now its up to amc's to see its workability

Very True! very correct! gr8 thoughts. Make a lot of sense!!! congratulations for such ideas and motivation. all the best to u.

Very Good & innovative imagination, just like an investment banker trying to convince this clients into making investment in equities.. Reality is different than perceived to be..Today all the clients are aware abt the equity market returns..Majority of them would prefer safe avenues like PPF,etc when it comes to investment for childs future needs.

on paper it is very good .you required a NGO to run it . search for them because in from aug 2009 to date we have exhausted my pocket money and now NISM and amfi is also asking more.saying give me more .from wher we should we should give. position of us is that nache bander and khaye madari / neki kar dariya me dal if you have objection to call sel bander

Thanks Rohit for some new concept to boost the IFAs, AMCs as well as help to retain the customer going out. When the client invest with child concept or any other concept like retirement pension he will stay.

It's a good combination of 2 / 3 different ideas. The problem here is investing in children's name has been made procedurally difficult because of rules regarding third party cheques, bankers certificate and very cumbersome procoedure to change the status from minor to major. This has also to be considered.

its good idea for ifa thanks

Brillient IDEA to motivate IFA , hope AMFI and AMC WILL TAKE IT SERIOUSLY

What an idea sirjee.I am altogether agree with u.its not at all taugh if we plan a little.The product u have picked up rightly suits the plan.The AMCs should put a serious thought to it or do something else in the same line.

Thanks for your Idea carry on. God Bless You

fantastic kabhi ahmedabad visit karraeho to pl.phone me i want to meet self motivated ifa like you my no-9377730819 wealthy society -helatey society no sip no welath creation

Laughed my hearts out on reading this artile!!! :-) If only MF distribution is as simple as Mr.Rohit explains. I am very curious to know how many customers does he have and how many years he has been in this field. Seriously, I didnt expect such an idea from someone who doesnt understand how the industry works. Anyways, good luck to Mr.Rohit and other Advisors giving a thumbs up to him!!

it`s great and powerful tool for both AMC and DISTRIBUTOR.

great thoughts Rohit. Keep going !!!

Thanks a lot for sharing a brilliant idea like this.

Its a Fantastic tool

If this turns out in real terms,a very nice thought. Being optimistic is good always.

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