there are many lessons from the FundsIndia.com saga. The most important thing is that when you are a sole proprietor, the company belongs to you. When you are just “helping” your friend with a start up, YOU ARE THE UNPAID service provider. You need to be compensated – either cash or shares, but not just love and fresh air. Many kids come to me – and I tell them that you are the soul and the business is the body…!!! People forget that. So my lessons from this saga is a lot unprintable – I know too many of the people involved, so my story will remain in my head.

However here is an excellent summary of how there is a conspiracy to kill the IFA..and a few other modes of distribution. This will hurt the small fund houses – but hey, we will attend the funeral, why bother now?

Read this..it is a very well told long story…it will take you some time and effort to read it, but it is worth it. I could never have written such an article – unless I had a kid to do all the research!!

Read on…

https://nakedbeta.com/mutual-funds/the-fundsindia-saga-is-just-a-sign-of-things-to-come-indian-mutual-fund-platforms-are-in-trouble/