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In my view the literate and knowledgeable audience is slowly getting aware of various insurance schemes. This can be seen with the new ULIP products being released. There is also huge pressure from the regulator to bring down the cost to premium ratio which is pushing insurers to focus more on variable pay for distribution. Both insurance and MF distribution has a bright future given that the collated revenues have not touched the double digit mark wrt their contribution to GDP. Gone are the days when these products could be sold purely from an obligatory point, distributors need to equip themselves with good knowledge, skills and back it up with excellent customer service to acquire and retain their clients.
Its ultra easy to preach utopian models. Fact is that there is a humongous difference between the average ticket size in mf business in B15 and T15. On the other side ,cost of living and running the business is not that different. It would in any case impede start ups and advisors with relatively lesser AUM( as even trail income wont even suffice to their office expenses). The problem in India is that everyone especially the govt. and regulators believe that we can emulate the west in totality which is simply impossible especially with the kind of diversity we have in our society and size of the population itself... Stake holders in mutual funds are not adequately represented before the regulators. I believe if you are so helpless and live under a shadow of constant anxiety and most of times pushed to the brink then its obvious that you plan a change in career or lifestyle altogether. I believe I have made my point for my colleagues to ponder on.
Really good advice. Appreciate it highly. As and when there has been changes, majority of the IFAs have come out even stronger. With every change, AUMs and ultimately revenues, have gone up substantially for those who have always focused on the long term aspect of the business.
IF PERSON WHO WAS INVESTED HIS MONEY ( 100000/- ) IN SOME MF. BUT HE WILL DO REDEMPTION PARTIALY WITH SOME AMOUNT LIKE 1 IN 2ND YR. - 25000/- 2 IN 4TH YR. - 40000/- 3 IN 5TH YR. - 50000/- 4 IN 7TH YR. - 25000/- 5 IN 10TH YR. - 38000/- WITH FULLY REDEM. NOW MY QUESTION IS HOW TO CALCULATE LTCG. IN THIS CASE ?
Approached the subject with high maturity. Apt advice for fidgety and low on confidence people
Good suggestion,Sir.
Well illustrated Sir !.......... Thanks.