The regulatory authority thinks that they can be able to bring all financial instruments in dmat form, but they have done it in Equities succeeded. Therefore for Mutual Fund also they try to do it and they will. We the IFA have to equip ourselves according to the latest develpments and changes. Otherwise we should look for an alternative business for our survival.

We all IFAs unanimously take drastic decision that not to do business for Mutual Fund showing our agitation against the action of the regulatory authority, which is killing our IFA community by throwing arrows one by one in the recent year.

Govindarajan S.