07-09-2017, 11:26 AM
Measuring and reporting to the Alpha Counselor is one of the major imperatives for the Indian financial distribution and consulting fraternity as it seeks to compete and strengthen its presence in a fast-growing and evolving financial intermediation environment. The ability to demonstrate tangibly the value of good advice is one of the most important factors that can help the growth of the financial advisory profession in India, especially in the context of the emergence of low-cost DIY alternatives in form of direct plans and robber advisers. (In the context of this report, a mutual fund adviser is a distributor (with RNA) who offers advice that is incidental to the MF distribution business or an SEBI Registered Investment Adviser whose product set is comprised primarily of funds We do recognize the recent SEBI discussion paper on proposed changes to the RIA regulations, which among other things suggest that mutual funds are not subject to mutual funds and are not engaged in alternative products, SMP and other investment products. distributors should not use the word "advisor" and should not be considered to be offering advice. The outcome of this consultation process will influence the terminologies used in future editions of this report - we may, for example, move forward in the future to call it MF Intermediary Alpha report to move away from the regulatory division between advice and distribution, maintaining our position under re the value that an intermediary can add anyway, by any name called).