This is a pure humor column…figures are completely wrong, but I guess the trend is correct….
150,000 people selling mutual funds (read as UTI), post office products, etc….
Exam introduced by SEBI (people wrongly call it the Amfi exam)
10,000 people selling UTI products
Exam introduced in Hindi
85,000 people have passed the exam…now it is Amfi / Nism exam
40,000 selling mutual funds – others are not selling.
22000 are active – they receive AT LEAST ONE CHEQUE – in 6 months
15000 at best have done KYD so far
What will happen next?
Well agents will scream so registrars will keep bringing out ‘exception’ reports…and make payments…KYD zindabad.
some more facts:
Indians who have some capital product: 1.5% of the population.
Indians who have some bank LOAN product: 10%
with some banking product (savings account, FD): 20%
banks, mutual funds, life insurance, broking houses….guys you just NEED TO BE THERE for getting the business. Damn all strategy, marketing…
Just go out and open enough offices and business will come.
So if you see Standard Chartered Bank, Hdfc bank….etc. they just need geographies, feet on street,….brand image. Dhanda aayega…TINA man. There Really is no alternative.
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