Traderji.com - Online community for Indian investors & traders!


Kotaksecurities: Mutual fund units reduced

Discuss Kotaksecurities: Mutual fund units reduced at the Investors Grieviences within the Traderji.com - Online community for Indian investors & traders!; Suddenly from today morning onwards 4000 Rs worth of Mutual fund units disappered (Not showing ...


Go Back   Traderji.com - Online community for Indian investors & traders! > TOOLS & RESOURCES > Investors Grieviences

Investors Grieviences Discuss your personal grieviences and frustrations with stock market intermediatories like brokers, registrars, bankers, etc.


Reply
 
Thread Tools
  #1  
Old 26th February 2007, 06:24 PM
Member
 
Join Date: Sep 2005
Posts: 76
Thanks: 0
Thanked 4 Times in 3 Posts
muralimr is on a distinguished road
Thumbs down Kotaksecurities: Mutual fund units reduced

Suddenly from today morning onwards 4000 Rs worth of Mutual fund units disappered (Not showing in my position statement). Unfortunate part is even mutual funds transactions doesnot show purchase of missing units.
Fortunate part is I have physical statement, which shows these units for 4000 Rs.
I raised this issue with Customer care and waiting for the reply


Advertisements

Reply With Quote
Advertisements
  #2  
Old 26th April 2007, 09:30 AM
Member
 
Join Date: Apr 2007
Location: kolhapur
Posts: 4
Thanks: 0
Thanked 0 Times in 0 Posts
kroswal is on a distinguished road
Default Re: Kotaksecurities: Mutual fund units reduced

i was promised 18 np flat brokerage by kotak rp,contract note also charges 18 np brokerage but after expiry of month kotak debits me differential brokerage which means kotak charged effective rate of borkerage at 59 np.is it honesty or cheating.usually investor do not read all papers put before him for sign because of huge signs.i want to know from forum whether it is permissible to charge after one month of issuance of contract not through ledger debit route
Reply With Quote
  #3  
Old 30th April 2007, 10:32 PM
Member
 
Join Date: Aug 2006
Posts: 22
Thanks: 0
Thanked 1 Time in 1 Post
systemtrader is on a distinguished road
Default Re: Kotaksecurities: Mutual fund units reduced

As far as I know kotak has a slab based brokerage structure which is also part of the agreement that I had signed as a client. If my memory serves me right, the agreement clearly states that based on the volumes done, the account can be credited or debited for brokerages.

In fact they have even reversed servive tax also.
Reply With Quote
  #4  
Old 7th May 2007, 10:52 PM
Member
 
Join Date: Apr 2007
Location: kolhapur
Posts: 4
Thanks: 0
Thanked 0 Times in 0 Posts
kroswal is on a distinguished road
Default Re: Kotaksecurities: Mutual fund units reduced

Quote:
Originally Posted by systemtrader View Post
As far as I know kotak has a slab based brokerage structure which is also part of the agreement that I had signed as a client. If my memory serves me right, the agreement clearly states that based on the volumes done, the account can be credited or debited for brokerages.

In fact they have even reversed servive tax also.
my point is kotak should not promise 18 np flat brokerage while negotiating brokerage charges.if they explains 59 np slabwise brokerage noone investor will open new account with kotak when there are plenty brokers who offer 25 np flat brokerage.

Last edited by kroswal; 7th May 2007 at 10:54 PM. Reason: spelling
Reply With Quote
  #5  
Old 13th May 2007, 08:34 PM
Member
 
Join Date: Apr 2007
Location: kolhapur
Posts: 4
Thanks: 0
Thanked 0 Times in 0 Posts
kroswal is on a distinguished road
Default Re: Kotaksecurities: Mutual fund units reduced

Quote:
Originally Posted by kroswal View Post
my point is kotak should not promise 18 np flat brokerage while negotiating brokerage charges.if they explains 59 np slabwise brokerage noone investor will open new account with kotak when there are plenty brokers who offer 25 np flat brokerage.
thanks for your reply.it is question of unfair trade practice because when kotak rp negotiates brokerage with me he do not mentioned volumewise slabs even i have told him that my volume is two lac monthly, therfore he should have told me what is printed in their tariff card then i am guilty of signing without reading that form,but when he hides that part of agreement it is unfair trade practice.
i will be happy if you explain how you have reversed service tax from them

Advertisements

Reply With Quote
Reply

Bookmarks


Advertise Here


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads for: Kotaksecurities: Mutual fund units reduced
Thread Thread Starter Forum Replies Last Post
Application for Mutual Fund chand Software 1 22nd September 2006 02:23 PM
Mutual Fund Buy sell gold_ranjit Mutual Funds Discussion Forum 11 6th January 2006 12:42 PM


All times are GMT +5.5. The time now is 08:27 PM.

Indemnity, Disclaimer & Disclosure Notice:
By visiting Traderji.com you automatically indicate that you agree to our Forum Rules, Indemnity, Disclaimer & Disclosure Notice and General Content Disclaimer Notice and indemnify Traderji.com, its associates and related parties of all claims howsoever resulting from the usage of the forum/site.
Disclaimer: Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. You are recommended to make appropriate enquiries and seek appropriate advise before sending money, incurring any expenses, acting on recommendations or entering into any commitment in relation to any advertisement published here. Traderji.com does not vouch for any claims made by the advertisers of products and services. Traderji.com will not be held liable for any consequences in the event such claims are not honoured by the advertisers. Traderji.com will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of any information by anybody mentioned anywhere on this site.
Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.
All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy or legality of any information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. Although we constantly delete all irrelevant content and/or SPAM, if you should find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
 


Copyright © www.Traderji.com 2001 - , All rights reserved.

Recommended Websites - www.TradersEdgeIndia.com - www.TradingPicks.com - www.MasterOfTrading.com

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70