ICICI direct pms services review
Someone from ICICI Bank reached out to me taking about their pms services. He suggested to try it out for a while with small amount like 1L for a while and then if satisfied transfer my portfolio to their system. From what I know sebi has a guideline for pms to only accept investments more than 50L but he suggested since I have a salary account with them they can accommodate my case for 25L also. They said their target will be to get 25% returns per quarter. I'm considering to explore this option hence asking for reviews or suggestions.. If anyone has had some experience with ICICI direct please provide some reviews
@Piderman - go to your branch and only clarify about this. In 2018; I opened icici wealth branch account. They've taken a deviation for me on the deposit amount; account opening as I was young and I've the potential to earn more and age was also less.
You can visit in person and look into this.
What's a wealth account? What do you mean by deviation?
@Piderman - deviation in your words based on the above - accommodating my case
Wealth account - opened an account with their wealth branch instead of normal branch.
Something is totally off with this, sounds like a scam to me, (the person who called you is fake and impersonating icici bank rep)
you reach out to your personal relationship manager at icici bank and inquire about PMS to get clarification.
No, he is actually my rm as seen on the ICICI Bank app.
Smells fishy ngl