If you read the mails that IFA associations get from their members – IFA galaxy’s Alagappan, or other independent financial advisors – it is quite disturbing.

Just today itself there are complaints against 2 reputed fund houses – DSP and Hdfc for errors (and he goes on to say that it takes a long time to sort out what looks like ‘clerical’ error.

He then has gone on to allege that Birla Sunlife Mutual fund has done something worse..and he wants to go to SEBI over it!

The mutual fund industry will soon have 5 profitable (well they can pay their salaries and other expenses) and the others. People with less than Rs. 50,000 crores will find it difficult to justify further capital from their parent organisations…

However if they are in trouble you thought they would deal better with the IFAs. Well it is not happening.

God bless the mutual fund industry   🙂

Related Articles:

Post Footer automatically generated by Add Post Footer Plugin for wordpress.

  1. Hi,

    Did not understand this at all.
    The mutual fund industry will soon have 5 profitable (well they can pay their salaries and other expenses) and the others. People with less than Rs. 50,000 crores will find it difficult to justify further capital from their parent organisations…

    After following your blog since few months, I have started a SIP. Now you say “God bless the mutual fund industry”. This is scary :(. I am saving myself from fear by assuming that I am not able to understand the humor that is in between the lines :((

  2. there are many mutual fund houses in India today. The biggest is Reliance at 102,000 crores aum and the 5th is at 61,000 crores aum. The top 5 are Hdfc, Icici Pru, Uti, Sbi and Birla. Now funds smaller than these 5 are likely to face tremendous cost pressures..so some of them will sell off and there will be some consolidation. Does it mean your money is in danger? No. When a person exits, their ‘assets’ are taken over by somebody else that is all. So when Cholamandalam quit the amc business, they sold it to L&T Investment Management. That is all. Anyway Que Sera Sera…so chill.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>