I opened account with Indiainfoline now IIFL premia a month back with initial margin of Rs 25 lacs, they assured me that they will handle my money like a wealth manager since premia is wealth management division of IIFL and to my surprise after just 3 days my Rs 7 lacs was drowned.
Indiainfoline have such a stupid staff and one of the worst research reports which have never seen, there guys are so rude and pathetic and you cannot withstand this brand for a second, now after such loss no body is taking responsibility and when I tried arguing that most of my trades are executed without my consent they don’t pick my phone call and if by chance they pick they ask me to talk to senior staff or go to SEBI.
I highly recommend never open any demat or trading account with this company.....