Motilal Oswal Complaints & Reviews

My client code is eaope16702 i m the customer of motilal oswaland i have activated trade guide signal in the month of nov-18and i have not used singal call from them and they have not given me a proper training and i m not satisfied with them and i asked them to kindly deactivate and revert back my money now they are directly saying me that we are unable to revert...

I am sushil jain and existing customer of motilal oswal.
If anyone is thinking to open account in mosl so please read below details first.
As i am existing customer so i observed below point. Please keep in my mind. Its my complain as well
- false commitment
- fake calls
- low quality research team
- improper management
- irresponsible about investor

1) false commitment...

One agent call and inform if you open a/c of amount 50, 000 you can withdrawal or deposit the amount at any time he open my a/c in motilal oswal after that i inform him i want to withdraw some amount he inform he will do after that i call customer care they inform it is non transferable amount i send email to i want to withdraw amount 30, 000 on 29/12/2018 still i haven't receive amount my amount if it is not deposited cancel my account and...

Unauthorized amount has been deducted from my account on november month and also mosl provide me contract note for that but i didn't understand who give them authority for amount deduction from my account. All are cheats and no one employee tell you about terms and condition when amount get deduct and you call them then they inform you like "sir aisa policy hai". When i said nobody informed me then they like "sorry sir hamare advisor bhul...

I opened a trading account with motilal oswal and just after opening, i received calls from their agents at least 5-6 times a day asking to deposit money. After i deposited 1.5 lakhs less than a week back, i did not receive any confirmation papers on account details or how to trade instructions or any calls but just yesterday, they called me telling me that the money in my account has been wiped out and that i need to deposit more money into...

I being a client o[censored]rself in Kolkata. I want to transfer some of my shares from u to my another DP ac. I went to ur Constancia office today but they refused to do so and ask me to send the duly filled DIS to ur Mumbai office. Why will i send it to Mumbai everytime. My Code is XKF014, Lalit Kumar Agarwal. I went to ur office with all required documents.

I m going to SEBI/NSE on friday (19/10/18) against u as there is holiday...

I, ravindra masurekar is a client of motilal oswal through franchise raja investment kurla east. My client code is rjam116. My wife shailaja masurekar is a client of motilal oswal through franchise kishore kene at ambernath tel no l/l[protected] mob. [protected] /[protected]. We have decided to tranfer my wife's (Shailaja masurekar) all shares to my a/c rjam116. I sent delivery instruction slips with proper signatures to kishore kenefor his...

Hi all,
On 10, 01, i have received the below message regarding the redemption

"dear investor, your redemption transaction submitted in motilal oswal multicap 35 fund - direct growth under folio no [protected] has been successfully processed. Motilal oswal mf"

As i haven't instructed any redemption so i immediately call to the customer care center where he guided my to drop the mail to [protected]@motilaloswal.com,...

Your staff jitendra opened my wife rajani singh account at u. And dipped of my 67000 rs there in daily trading for sake of brokrage. When i asked to remit back my balance amount and close the account immediately. He remitted the some amount and did not close the account. Now i received msg of balance in minus 1550. Thar also i deposted in motilal account. But demat account is still not closed. I highly disappointed with ur staff jitendra...

K subramanian : my demat account [protected] srne 17 at palayamkottai tirunelvelidist tamilnad
Sir i ihave opened trading account at the above branch during april 2018
With great concern i have to state that, in spite of my repeated requests the branch
Head has not given any transactions statemets and relevent reports, so as to unable me to monitor my trading account. Due to his not giving any transactions statements...

Mosl people are terrible when you want to make any reduction in the amount of sip's althought they are instant and immediate action taken whenever you want to add or start any new investment.

It's been more than 1 month since when i am trying to regularize my sip portfolio by cancelling extra sip's that i ordered in order to place extra money that i got but it's been a pain in doing so.

These people are fraud...

Pune magarpatta franchisee of motilal oswal has fraudulently traded in my account, have cheated and taken deposit in the name of motilal oswal. Currently the franchisee office is vacant. The front face of franchisee sandeep shukla is on the run along with family and there is no trace of his whereabouts. He is not contactable over phone. To my shock motilal oswal grievence cell themselves are keeping mum and giving vague replies on the query...

I have created account under scheme first year free.
While after 3 moths they have applied amc charges amount of around 1700 inr.
I have complained to customer care and they have give me reason that wrong scheme is selected in your account and person who have opened your account has left the company.
So they have given me a new scheme of 5 years and applied another amc charges. We have communicated that old charges should...

I had applied for clposure of my demat account, due to high charges of motilal oswal. This was in the month of september/october 2017.

Yet, till this day, they have not closed my account. The closure process is complicated, in which the customer needs to send a filled handwritten form. While the account opening process is completely paperless.

Now i am corresponding to them on daily basis, still to no avail.br...

I have requested mosl to close my demat account, but instead of closure, they are sending me bills for fake transactions.

My account was in a dormant state, as i am not doing any transaction in it. Suddenly i started receiving bills without any explanation.

Mosl is totally wrong in sending me the wrong statement, as they are asking me money for which i never done any transaction.

I request mosl...

Bugs in app 1. Mutual fund can't be redeemed in full even after clicking redeem all button 2. Mutual fund does not show folio number 3. Mutual fund shows wrong profit/loss summary 4. Watchlist shows old rates. Doesn't guarantee latest rate of any scrip. Rate differs when u go and check net position . 5. Charts rarely loads during trading window. 6. App does not have any in built feedback mechanism or doesn't offer issue reporting/resolution....

Dear sir

My account number is amc180, which checking the kyc status of my pan number at karva/ cams i have found that my account is non kyc complaint due to which i am unable to open mutual fund account online. For this i have talked many times to ur representatives at different level but still the same is unresolved. I have even submitted the aadhaar card twice for the same. Hence you are requested to resolve the issue as...

Trading without consent is something not acceptable, but you guys were proud of doing it and tried convincing me, it was for my betterment... Are you guys nuts?
Tried contacting their email but no response.

Your employee who wasn’t even my advisor traded from my account.
Each and every call you gave was wrong, 100% wrong, you guys are only concerned of your sales. Dont take wolf of wall street seriously guys,...

Mr. Representative
I am holder of account dl4440
I want to inform you that without giving prior intimation you are doing rms selling which is illegal and arbitrary.
It causes tremendous loss to me and you are doing the same thing continuously and now i am fed up with your ill managed intention of solely extortion.
Please appreciate and co-operate me and me type clients to leave your platform.

Vishwa...

Moti lal oswal reprsenetative asked to open all the family account and brokerage shall be @.08 % for delivery and @.01% of intraday equity. They put the brokerage different rate and says that we have done as per agreed.

Same thing they do in commodity where they earn brokerage around 5, 000 to 7, 000 per lot of gold rather than market rate @ 1000 per lot. They have only cheating business and making fool. Pl don't do any business...

My client code # ceb215. Last year i was approached by your agents (His name rajesh) and talked very sweet and told me that i invest money and guaranteed that i will get income everymonth minimum 5%. I am retired person got small money from my retirement benefits and on his words invested 50000. I was assigned with a person named thiru and he told me to invest another 50000. I did that also. But after that he used to call me and everytime...

I completed all formalities to open a demat account of motilal oswal. i was impressed by their claim that it will be done in 15 minutes. all the formalities were completed on 23/12/18 night. i also transferred rs 5.0 lakh of my hard earned money to open the account.but account was not activated.
i thought is a night time so i will make a call in the morning. next day on 24/2/18 i called the customer care. the fellow told me that one...

I got a call from a mo agent the very next day i opened a mo demat account and he told me that they have a software which is over 80% sure to get good returns else i could give him a call over his personal number. I listened to him patiently and suddenly he told me that i would have received a otp and i need to share it with him to attend a training about that software. He also told me that money @ of 7 k would be debited from my account...

I have lost a good amount of money in this company their advisor are all useless and they sold a software by promissing me that they will pay the emis of this software from the profit earned by using this sofware but after buying the software they never called me back. And they are deducting the money of the software from my accunt. Also their employee ms karthika nier working at malad branch is not responding or taking my calls....

I have been writing re my shares to many of your company people
Many times nobody is able to help me out i stay at mulund west
Each and everyone of your employee say that my shares are not reflected in your computer. Details are as under
Name prema viswanathan
Folio no/dp id/client id[protected]
Tata steel 18 shares
Gail india
Bongai
My smart phone says that i have a balance...

Myself having an account (Sur063) with the co. Since last 3.5 years. Most of the time i had very poor service of personnel of surat branch.

I facing a harassment by few advisors. Many time i tried to contact the r. M./g. M. But he mostly not received my call. He behaved like totally irresponsible person.

Many time the advisers received the phone but intensely they put the receiver aside. And the call is charged...

It's a fraud company. I have been trying to close account but that also they are not letting me and just by one or another reason. My client code is eaop2781. I have applied for the dmat account closure on 17/10/2017 and filled up application was also received by you on the same date. Till date my account is not closed even no body is picking up the telephones also[protected],[protected]. I have got tired after chasing them, neither they...

Hi,

I was having one mutual fund with motilal oswal (Most focused multicap 35 fund regular growth), which was registered with order id: 211513 and mandate id : bse[protected] on 9th march, 2017.

The mutual fund was allotted to me bearing folio number [protected]. However, on 2nd installment date, it was told to me by you that isip can't be continued due to some technical issues or non-authorization from the...

Hello,

I have transferred money from axis bank via mo trader app, the money got deducted from axis but it didn't reach mosl. The nodal officer from axis has already confirmed that the amount is claimed by mosl. An email was sent to me confirming the same by nodal officer which i forwarded to motilal customer service but still no one replies from motilal. Its almost 50 days...

Yesterday i sold stocks of two companies, edelweiss and allahabad bank, i have mentioned the limit for selling at 260.30 and 69.30 respectively but at the end of the day transactions report shows that both stocks are sold at 254.37 and 67.24 rupees respectively.

Client code: eaope5674

Note: i am using motilal oswal android application for trading stocks....