Vani Govindarajan
vani1964@gmail.com
Hi,
I received a few calls from Blue chip Investments,Neyveli, offering to service my investments, unwittingly by them not knowing that I am myself a distributor .On further prodding they told me that they received the list of my investments through CAMS, Trichy where their head office is based. Many of my clients have also informed me of having received such calls. I strongly object to the fact that my investment details are being shared with third parties. I am left with no option to take up this matter with SEBI .I strongly condemn such practices and urge upon you to immediately restrain BLUE Chip Investments from doing such activities and debar
Regards
T K Vani
ARN 11724
vani1964@gmail.com
Hi,
I received a few calls from Blue chip Investments,Neyveli, offering to service my investments, unwittingly by them not knowing that I am myself a distributor .On further prodding they told me that they received the list of my investments through CAMS, Trichy where their head office is based. Many of my clients have also informed me of having received such calls. I strongly object to the fact that my investment details are being shared with third parties. I am left with no option to take up this matter with SEBI .I strongly condemn such practices and urge upon you to immediately restrain BLUE Chip Investments from doing such activities and debar
Regards
T K Vani
ARN 11724
9 comments:
vishwasai seenu
anu_seenu2005@yahoo.co.in
Dear ifa galaxy team,
The Same Problem my Area Tiruvarur,Nagapattinam,Mannargudi.
Thanks and Regards
V.Srinivasan
Anuradha Srinivasan
Seenu investments
Partners in your financial Success
Tiruvarur
mohan subramaniam
mohaun@gmail.com
What a ruthless and cut throat world this has become..Human values and considerations have all gone for a toss...Nothing but money is what counts now-a days...Ultimately these guys are in for a shock bcoz of hyper tension, sugar..etc; and end up in hospitals paying up more than what they have earned...Also they lose their peace of mind bcoz of detiorating health which can never be recouped..
Pls don't bother and continue to do what you do..have peace and enjoy life...
Mohan - ARN 30416..
Dear vani ,
you are faicing this problem 1st time. i am faicing this from longback. once i submitted an application of hdfc mf in cams centre chennai. the very next day my customer got BLUE CHIP news letter. my customer called me is it this bluechip news letter is my account statement ?
another application for 2 lac submitted at sundaram amc chennai. the very next day AN EXECUTIVE FROM STOCKHOLDINGS visited my cliants house at mylapore.
my immediate neighbour who is my investor received a call from karvy distribution to invest through them.
these are always happening in the field. not new one. ifas are helpless to prevent .
this is the method of procuring business adopted by the executives of big distribtors like BLUE CHIP. STOCK HOLDINGS, KARVY DISTRIBUTION, BAJAJ CAPITAL, INTEGRATED etc. they dont have own capacity to find new clints but looting addrss of ifa clints. even they will change code of your existing clints to get trial commission by switch over one scheme to another. if you are not touch with your clints folios will change by them. be aware of this
K.V.RAVICHANDRAN
ARN-13557
Thiruvottiyur CHENNAI 600019
9840327245
Dear Mr. Vani,
You may take up the matter with Mr. Sinor of AMFI.
He is very neautral person and I strongly believe that he has capacity to take up matters with concerned parties at fault.
You can trust him for further follow up.
N S Shah
Ahmedabad
shalibhadra shah
shalibhadra@hotmail.com
Sir,
You are absolutely correct , same happens here also.....
Some serious steps are to be taken.....
Regards
Varun Jalan
ARN 39348
Ranchi,
Jharkhand
Guru Simha
gurusimha@rediffmail.com
I fully agree with Mrs Vanis views and request all our IFA freternity
to inform the IFA GALAXY or the local Associations for taking further
action this action is definetly to be condemned and an combined action
is necessary.
R.N.Gurusimha
Vice resident
KAMFA (Karnataka Association of Mutual Fund Advisors)
swapan kumar jor
skj0903@rediffmail.com
Hello Vani,
I strongly support your concern . Please go ahead with making a complaint to SEBI cc to CAMS.
rEGARDS.
s.k.jor
Dear Vani,
I feel almost all IFAs including me are facing similar problems. Bluechip has become a very big nuisance for all IFAs. They are getting all client data from CAMS. I had made a complaint on this to cams. But no use. Thay said that they don't share client data with anybody. Bluechip people approached many of my investors, including my brother, offering brokerage pass back.They don't know anything about the investments. Investors also say that these people have become nuisance to them also.
C.G.RAGHUNATHAN, TRIVANDRUM
Other than blogging around, IFAs cannot do any thing at the moment as even the regulators are not interested in MF distributors..
Both regulator and AMCs have done e/thing to eliminate Advisors.
Better to switch out of MF advisory and do some other business!
Even an illiterate real estate agent gets better commission than educated MF advisor..
Choice is yours..
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