Please read this before investing with Motilal. Review on Motilal Oswal Financial Services

Hi Guys,

I want to share my personal experience and want others to be aware why they should not go with Motilal Oswal. The story started with when I had some surplus money and I got and advise from one of my relative to invest in Motilal OSwal PMS, A guy named Sravin( there agent) visited my place giving all gloomy picture, saying you will get your money at least 5 times in 3 years and he seems to be very honest from his conversation, when I asked about fee, he told me it would be around 5K monthly for fund management, when I asked why so high he told me it includes the transaction charges and all, so Believing him I invested in MOSL PMS a sum of 25L, He told that they have some initial charges of 2% which he is getting waived of for me. I asked him to be more on secure side and less risk, Its almost 4 months I invested my funds by breaking my FD for which I lost some money but eying this big gain, Inlast 4 months once market fall terribly( around 422 points) and I lost almost 94K in single day, which was expected but in 4 months market was up by more the 400 for almost thrice and it was in growth path for most of the time but most of the time weather the market is up, down or steady the value was always going down, So when the market did around 6%, I got returns of around 1.5% . Every time I spoke to them they told funds will get build over a long time, going by their statement the funds will not build on a single day and it should accumulate slowly over a period of time, In this good market condition when people are not buying these funds, In bad time how people will buy and there logic is not correct, So I asked them to switch my fund to value fund so atleast it moves by market, Now they moved it to value by charging around 15k as brokerage and even on Friday when sensex and nifty were up my fund was down by value 11K, So in last 4 months my fund has grown from 25L to 25lakhs 32 thousand inspite of market doing so well and the money motilal Osawal charged is 5*4=20K+ 20K brokerage plus if I Exit 2% loading so almost 90K and if I exit I will get around 24lakhs 80 thousand. this is a scenario when market is doing so well.

Why Motilal Oswal has so hefty fixed charges against the margin based like other fund management companies because they are sure about there performance and capability that they will perform really bad and if they will work on margin they will not be able to make money.

I suggest you all not to invest in Motilal Oswal