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Karvy Private Wealth / Pathetic Service

1 India Review updated:
Contact information:

Completely unexpected and horrible service from an established name like Karvy . STAY AWAY

One of my friends recommended Karvy to me and I started a basic financial investment and was quite satisfied with the service. Encouraged, I subscribed to a paid fee based Comprehensive Financial Planning.
That was the beginning of my woes.

Forget regular updates, updates came after repeated calls and days of waiting and even then were full of errors.

My plan came in approx.45 days, 5 SIPs(any broker gets this done max. within a week) took another month to set up. In March, I am still waiting for an update. The promised quarterly review is FAR away.

What is most astounding is that I have written to the Head-HNI Services(there is no customer service contact or no. on the website, I don't think anybody even knows such a term in Karvy) and while he wrote back saying that he will look into the matter, that was the last I head from him.

If you are looking for a Wealth Mgmt OR PMS Or financial planning or any related product - KARVY is one place where NOT to take it from.
And yes I have complete mail trails of all exchanges.

I would also like to know whether there are other people like me .

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  • Va
      11th of Mar, 2010
    0 Votes

    I have also availed the Comprehensive Financial Planning Service from Karvy Private Wealth and was very impressed by their quick and professional service. Infact would recommend them to anybody.

  • In
      1st of Aug, 2011
    0 Votes

    KARVY PMS services is totally Screwed up. This is the worst company I ever seen. I lost around 1.2 lakhs rs through KARVY PMS in one year. In one year they haven't bothered to call me or update me. This is really a ### company. Guys stay away from Karvy.

  • Sa
      11th of Nov, 2016
    0 Votes

    i Agree

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