I have been repetedly telling you to check the trial they r not being paid correctly by A.M.C. Now for the 2nd time in a row DSP BR A.M.C. has accepted that they hv paid me trial brokerage less this time almost Rs.3550 for this quarter. Last time it took almost 1 month time for the A.M.C. to find they have paid less brokerage, this quarter they hv taken only 10 days to find the same.
Hence I request u all to check ur statements as and when u hv time.
More over I have strong doubts the A.M.C's are paying the per App Incentive promised by them for S.I.P's I am asking the A.M.C's to provide me the details which they r reluctant to do so.
Example : I am chasing HDFC AMC on the same SIP Additional upfront which they not responding properly.
I am also in Chase of Birla A.M.C to provide me SIP Incentive details (Full List for which SIP how much they paid) last 2 months, I think this wud give us a clear picture on their SIP Drive.
Let us all ask the respective R.M.'s about the additional brokerage & Trial brokerage.
Regards,
Alagappan
9841055577
2 comments:
Comment Received by email from Mrs. Padma Devan from her Id mahas_devan@yahoo.com
YES. SIR SIMILAR EXPERIENCE WITH RELIANCE ALSO.PER APPLICATION INCENTIVE IS NOT PAID BY THIS AMC. ALL MY EFFORTS ARE FUTILE.
Comment Received by email from Mr.Manoj Pasari from his email id manojpasari@hotmail.com
Dear Friends,
Please note that Reliance Mutual Fund is still not paying Brokerage on Dividend Reinvested. Reliance is the only Mutual Fund which does not pay trail fee to the distributors on the dividend reinvested by the investors who opt for Dividend Reinvestment Plan although this expense is changed from the investors. All other MFs pay trail-fee on the dividend reinvested.
Moreover, Reliance is the only Mutual Fund which pays trail fees on Debt funds on the amount invested and not on the Current value, whereas in case of Equity funds it is paid on the Current value. The intention is to cheat the distributor of the Trail on the increased amount (in case of Debt funds) and of the decreased amount (in case of Equity).
These unethical and unbusiness like practices adopted by this Fund House cheats you of your hard earned fees/brokerage which is not only against the industry norms but also against the ethics of the trade.
Regards,
Manoj Pasari
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