Eventually, we should get all our holdings in one single statement
In the middle of January 2014, when the BSE Ltd opens its doors to independent financial advisers (IFA) of mutual fund (MF) distributors to directly buy and sell MFs from fund houses using its stock exchange platform, the 8 trillion Indian MF industry will take one more step towards the hinterland of the country. Last year, the capital markets regulator, Securities and Exchange Board of India (Sebi), allowed some IFAs to use the stock exchange platform directly to aid penetration. Read it here: http://tinyurl.com/l7qr9xu. Earlier, the financial advisers had to become sub-brokers of the main brokers and only the latter had the right to buy and sell MFs on behalf of the sub-brokers.