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!