1. Why do mutual fund distributors pay Rs.2500 to Amfi for a period of 3 years? What does Amfi do for them? Is it not a body representing the big mutual funds?
Assuming that there are 100,000 active distributors (conservative because this includes bank employees too) we are talking of an amount of
2500 * 100000 = 25 crores.
2. Why mutual funds are not asked to send a letter to all the clients about how much money was made by the amc, the trustees, the distributor, the auditor, the R & T agent on a per folio basis, so that the client knows how ‘big’ the distributor is compared to all the other players in the system?
just asking people like Muthu, IFA’ Bhat, FundsIndia….and the other caretakers of the distributors (p.s. I know many others in Mumbai also, but not naming them!!)
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