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Milestone Capital Equity

Name: Milestone Capital Equity
Rating: 1 (3 reviews)

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Milestone Capital Equity

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Milestone Capital Equity Reviews

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Avinash Kulkarni @avinashssk

Apr 11, 2019 12:16 PM, 548 Views

SHAMELESS MILESTONE -TOO BAD

I have invested in Milestone Capital Fund II and other Domestic Scheme II, where rental income was to be distributed. Was marketed /promoted by Kotak MAhindra BAnk .(I am a customer)

Contributed 10LAc+10 Lac @ 2008-09 and Quarterly yield was paid from Aug11 to Aug14 as promised then it got reduced drastically and final Total got 12.69 lacs against 10 L in 8-9 years i.e. 0.29%. and 11.28Lac against 10.0Lac i.e. 0.14% returns . Superb . And they are shamelessly advertizing on their site boasting about US$ 636mn FUNDS RAISED>16500+

INVESTORS 61 INVESTMENTS .

They are 100% fraud as seen from the returns .Every one in real estate made decent profits and Milestone is making huge losses .in every transaction . Just be clear from their tall promises . Now they have increased the ticket size to 1 crore.

Save your money!

Col Rajnikant Shrikhande @nikki_shri337

Oct 08, 2016 01:48 PM, 2028 Views

FRAUD FUND Milestone 1

It was a fraud perpetuated by Icici bank on gullible customers for hefty commission as usual. This bank should be avoided like plague . Their so called advisor was ordered to convince gullible investors and cheat them .This bank should be held responsible for this and ordered to return the hard earned money to poor investors.i Icici bank is the worst bank never ever believe their financial advisor

Sachin @SACHIOQE

Jun 12, 2015 11:18 AM, 4661 Views

Pathetic returns in Milestone capital

I had invested in Milestone Fund I around 2008-09 and the company has been selling the properties from last 2 years.

The returns have been really pathetic. This company has been selling of all the properties showing a loss of around 20-30% - Selling price of property as significantly lower than the purchasing price even after holding the property for more than 6 years.

All over India the property prices have appreciated significantly in last 6-7 years and it is really hard to believe that the prime commercial properties that Milestone purchased in 2008-09 are now selling for a loss. I know that in some real estate transactions there is a cash amount involved and I am not sure if this company is honest enough towards its investors.

This in addition to the hefty management fees running in crores that Milestone charges its investors, and for what, for making losses.

To top it, there is no transparency into the running of this company. They have never published their books.