to the industry as their income levels have gone up.
“While more people are currently joining the business from larger cities, they are also coming in smaller towns as asset management companies have taken initiatives to attract them in smaller towns too,” said Bhat.
* Renewals rose from 418 in October to 535 in November and was up to 875 in December
* The industry witnessed more than 700 new registrations in the quarter ended December 2012
* After Sebi introduced no entry load in Aug 2009, several distributors had moved out