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SMIFS LTD Complaints

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Complaint against SMIFS LTD Broker

SMIFS LTD brokerage complaints report provide detail about the number of complaints received by the stock exchanges from the SMIFS LTD customers. The SMIFS LTD complaints report analyzes the SMIFS LTD online complaint data provided by BSE and NSE. This report shows the health of the broker.

These complaints are serious grievances against SMIFS LTD broker which the broker and customer failed to resolve. The customer then filed these legal complaints with the stock exchange.

The SMIFS LTD complaint no. report also provides SMIFS LTD’s number of active clients. This shows the growth of the broker year on year.

SMIFS LTD Complaints

Exchange	Financial Year	Total Complaints	Active Clients
BSE	2023-24	1	1,533
NSE	2023-24	5	5,734
BSE	2022-23	1	1,208
NSE	2022-23	5	5,795
NSE	2021-22	23	6,284
NSE	2020-21	37	5,464

SMIFS LTD complaint at NSE

	2023-24	2022-23	2021-22
Active Clients	5734	5795	6284
Complaints	5	5	23
Resolved through the exchange	5	5	20
Non actionable	0	0	2
Advised / Opted for arbitration	0	0	0
Pending for redressal with exchange	0	0	1
No. of arbitration filed by clients	1	16	10
Decided by arbitrators in favour of the clients	1	12	6
Decided by the arbitrators	0	7	3
Pending for redressal with arbitrators	0	4	4

SMIFS LTD complaint at BSE

	2023-24	2022-23
Active Clients	1533	1208
Complaints	1	1
Resolved through the exchange	1	1
Non actionable	0	0
Advised / Opted for arbitration	0	0
Pending for redressal with exchange	0	0
No. of arbitration filed by clients	0	0
Decided by arbitrators in favour of the clients	0	0
Decided by the arbitrators	0	0
Pending for redressal with arbitrators	0	0

Note:

* Including against its sub brokers, authorised persons, employees, etc.
** Non actionable means the complaint that are incomplete / outside the scope of the Stock Exchange

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1 Comments

1. Arif

| Link|September 8, 2022 1:10:18 PMReply

Fake employee mumbai office, please dont open any account, I lost 80000 Rs within 20 days only,
You will not get any support.

1.1. Nita

| Link|January 7, 2023 1:17:42 PM

Same here SMIFS borivali branch i also invested money all lost.... please don't invest.... staff dont know to to do trade... after that they only giving reason of market fluctuations.....they dont have any worry about your fund....

1.2. Vijay

| Link|July 5, 2023 10:47:01 PM

I also have the same experience. These peoples looting us. We can write to sebi and raise the matter. As well as raise cyber crime complaint. You can also lodge a complaint to your police station under IPC 420.