Congratulations for these comments. I would like to add so called experts to your small set of investors who keep on discussing without considering the ground realities. (My simple message is that if AMCs and Distributors can work together to increase the customer base, all other aspects like revenue pressure, margin pressure will go away. For too long has this industry focused only on a small set of investors, whose money at times keeps moving from one fund to another. Frankly the market has shrunk in the last 2 years than grown. You have 30 lakh cars being sold every year (so there is spending power and wealth being created in the Indian Middle Class) but we cannot get even 1 lakh new customers per annum to the industry, which puzzles me. )

It is a good development in the amc as it shows that the amc has a long term view in the market rather than just developing the business , creating value and offer for sale. but as a retail distributor it needs some confidence for whether we can allocate our clients hard earned money to any amc for really long term say 10 to 15 years .. lets watch for some more time ...