Motilal Oswal Mutual Fund

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: BSE000000012828 on 9th March, 2017.

The Mutual fund was allotted to me bearing Folio Number 9105237505. 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 exchange. Following which I had withdrawn the whole amount on 16/06/2017.

But to my surprise an amount of Rs. 5000 had again been deducted on 8th October 2017 through same mandate(The bank statement has been attached herewith. See the transaction dated 9th October on the name of BSE-ISIP/BSE000000012828). I have canceled this mandate now for future safety. I have checked on MO investor app too but the app is not showing the amount i.e. no mutual funds units have been allotted to me so far.

Where are my Rs. 5000 now? I want the refund of this amount deducted in an unauthorized way.

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Motilal oswal group definitely a good company .they give the advices ratio of 8: 10 . The research team of this company also very good . Any kind of problem about your account they give the right information and do the solution as soon as possible.they are also provide online open account with free demat account .i prefer this for all investors to invest their valuable money in a right hand

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Good performance mutual funds with good numbers whn compsred to other mutual funds. icici bank does not support buying this since its new.

So you would need a trading account to buy this fund. I recommend the MOST fund.  if you can grow at 33% componded it is simply awesome.

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