Complaint against Registered Investment Advisor/Mutual Funds

[User_a5aedb39]

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User_a5aedb39
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March 21, 2025 at 7:43 am

Seeking opinion/Advise on the following situation. How can one complain against an SEBI registered investment advisor who also has a different license as an AMFI mutual fund distributor. The said advisor entered into an agreement to manage portfolio comprising direct and regular funds. He charged commission under AUM agreement for the direct funds and did not reveal that he is receiving commission for the regular funds as well. Changed the ARN code of the regular funds without informing. Basically no disclosure made till date. Also no advise given regarding the said regular funds whatsoever to protect his commission. How to handle. Is there any hope for receiving refund etc. thanks.

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