I have seen many saying ... don't like ILFS ...
Can you plz tell specifically what are the problems/wrong with ILFS?
Asking this as I have recently opened.. ILFS demat with Fyers and Planning to put most my money from Z to here
1. Yeah, I understand you don't like IL&FS, especially after their recent controversies. However, please note that their capital markets division
(ISSL) is running smoothly without any issues. It's just that the way they function is not the same as it would be if we had our own DP license.
2. Hmm.. nothing is really wrong per se. It's just that they are mostly used to dealing with institutional clients
(One of the largest) and their approach is more bureaucratic in comparison. Their DNA is institutional so retail clients feel that they are out of sync with their requirements. That's about it.
3. In terms of their compliance standards, they are good. In fact, most brokers in India clear through them. Also, nobody has reported any troubles with their demat account. So everything is good just that they charge 400 + tax per year as AMC.