The month had some good news coming in from the regulator. The announcement of the Transaction fee of Rs. 100 and Rs. 150 was received with mixed reaction. With many saying it will help broaden the market with others asking for fees for other transactions and higher value transactions. Probably the regulator is looking at supporting the more retail advisors and markets by providing a small incentive to reach out to an untapped segment of potential investors. Inclusion mantra.
We have always been highlighting in many articles that distributor regulation is round the corner and we saw the 1st step being taken last month. Processes need to be announced but the change has started happening. Be prepared to meet the challenges
Our proposition has always been about cross sell and increasing product penetration into your customer base and increase your revenue pool. Successful business model for an advisor. Keeping in line with this we have featured our cross sell topic and our business strategy article on customer centric proposition. What best for the advisor to do then build his or her business around the customer and have a lifelong business model which can easily absorb all revenue, economic, regulatory shock. Along with all our other features hope you enjoy this edition of In Touch, keeping you in touch with news, views and everything else.
And wishing all our readers a Happy Independence day; pray for a progressive and corruption free India. Jai Hind..
Views & feedback welcome as always.
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