NIFTY 50

Here are some points to consider before choosing a financial adviser

Updated : January 16, 2019 06:20 AM IST

The year 2019 will see some big changes in the manner in which mutual funds (MF) are sold and distributed in India.

Market regulator Securities Exchange Board of India (Sebi) has changed the way in which commissions can be paid out to MF distributors, and has also come up with certain guidelines when it comes to seeking investment advice from financial planners. CNBC-TV18 caught up with market expert Gaurav Mashruwala to understand some of those changes.

On choosing a financial adviser, Mashruwala said, "There are too many options available. When they weren't any options we all were seeking options, now that we have a lot of options."

You as an investor, an individual may want to go and interview people, so check with your banker, check with independent financial advisors (IFA), he said.

"There are national level distributors call them. There is no single barometer which says ABC and you are done with. You have to check for their experience, their qualifications, registrations etc...," Mashruwala added.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV