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According to me, it is the worst brokerage firm I have ever seen. I have made PMS with them for 25 lakhs. Later they started buying and selling the scripts, simply, without any analysis, buying for 500 for example and selling for 400. Funny right ? If you ask them, there reply is it is non-discretionary. I am not supposed to ask those things. They are doing it to balance the portfolio.
Last year I came out of it. Do you know the whole summary.
I got 70,000/- Rs. profit after 1 year. The government got 80000/- INR tax. And the brokerage firm made 1,20,000/-.
To get this money, after closing PMS, I had to wait for 1 month around. Be aware of Indiainfoline. Never deal with them.
They have totally unskilled people working over there. They buy shares for NRI, without knowing whether NRI can possess those share. Later bank sends an email saying that you have to square it off as I am not allowed to possess. Then it will be sold at lower price than that. But see in all the business the indiainfoline gets 0.5% brokerage while selling also and while buying also.
Saale, humko bewakoof samajthe hai.