Comments on: 2 cats and the Monkey: The Amfi story http://www.subramoney.com/2010/05/2-cats-and-the-monkey-the-amfi-story/ We Make Smart People Richer Sun, 19 May 2013 05:24:35 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Barath Kumar http://www.subramoney.com/2010/05/2-cats-and-the-monkey-the-amfi-story/comment-page-1/#comment-98783 Barath Kumar Sat, 05 Jan 2013 16:29:39 +0000 http://www.subramoney.com/?p=3941#comment-98783 Repeated this process till all bread was exhausted then there was no bread left for the cats.

]]> By: Srikanth Matrubai http://www.subramoney.com/2010/05/2-cats-and-the-monkey-the-amfi-story/comment-page-1/#comment-4617 Srikanth Matrubai Sun, 09 May 2010 11:54:34 +0000 http://www.subramoney.com/?p=3941#comment-4617 Well, the SEBI has done the worst thing, (of course, as expected)., it has banned Trail commission altogether!!

It has taken the easy way out.

Throw the baby out along with the water!!!

Who will now service the investor who does not want his relationship to continue with his old Advisor???

]]> By: Srikanth http://www.subramoney.com/2010/05/2-cats-and-the-monkey-the-amfi-story/comment-page-1/#comment-4593 Srikanth Sat, 08 May 2010 07:33:36 +0000 http://www.subramoney.com/?p=3941#comment-4593 I don’t know whether to be offended by the comparison as a descendent of a monkey or as a mutual fund distributor – because I am both… :-)

You are spot on with the allegory, however. I’m told that this was one more “gift” to the distributor community by the big banks who incentivized their salesmen to accumulate AUMs through any means that work.

This circular contravenes an earlier notification from SEBI that the trail should be paid to the new distributor. However, I can’t imagine AMFI would have sent this out without the blessing of SEBI.

One more episode in the soap opera that the MF industry in India has become…

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