In the recently concluded MFRT conference at JW Mariott, Mumbai, a research was undertaken using the specially designed MFRT APP. The respondents to this research were the delegates. Several questions were raised about the industry, the market, the opportunities etc. The participation was very encouraging thereby leading to robust and representative results. It is important that we understand the perceptions of the delegates. The findings may prompt us to re-set some of our deep rooted perceptions so that we may stand aligned to the majority.

The research has been interpreted and compiled by “Next Level Education” on behalf of MFRT

Kanak Kr Jain

Mentor Ask Circle MFRT

Author, Trainer and Wealth Coach

Click on the image to enlarge


Most IFAs believe that

  1. Equity will be the main driver although 30% which itself is a large proportion seem to believe that debt and hybrid have a key role to play
  2. More that 75% believe that “learning” is much more important than “selling” for an Advisor
  3. Nearly all of the IFAs believe that “Communication” is the most important skill
  4. Again nearly all the IFAs expressed their view that understanding the overall life situation of the investor is more important to understand than understanding his financial standing
  5. 82% of the Advisors believed that managing the attitude, behaviour, team and technology is more vital than managing investment. If the other two are well looked after than managing investment will be easy
  6. There was a nearly 50:50 split when they were asked whether the monthly dividend proposition was unsustainable. A little more than 50% clearly thought it was an unsustainable proposition.
  7. Nearly 70% believed that Equity Markets are holding up based on fundamentals and conviction while the rest believed it was hope. Clearly this is the reason why most still believe that Equity will continue to be the driver for investments
  8. 88% believed that technology wasn”t that difficult to learn. This is indeed a welcome sign
  9. 35% believed that incentives to distributors were bad. Now remember these are Advisors themselves voting and hence 35% is a significant number. Perhaps the business model is on the cusp of fundamental change. Perhaps the business is set to get more professional in the years to come.
  10. Nearly 86% of the respondents believed that expense ratios are set to come down.
  11. Nearly 70% of the advisors believed that MFRT meant “knowledge” to them and this corroborates well with the view that learning is more essential than selling
  12. Nearly 90% of the respondents wish to make their children enter the advisory profession.

The findings are very interesting. This set of Advisors appear to be open to changes, open to new ways of thinking, long term oriented and if I were to use one word to describe them, it would be “EVOLVED”. Perhaps this kind of thinking may or may not reflect across a larger audience of IFAs across India. But one has to bear in mind that these are successful advisors and their thinking and beliefs have formed the bedrock of their success.