Comment on Quarterly settlement of funds & securities

Milind Srivastava commented on 19 Dec 2017, 09:39 PM

Recently, received a SMS/mail fromyou guys that a Mutual Fund has been started. Honestly, this was unexpected & a bit poor from Zerodha. This option shouldn’t be there by default. Either, Zerodha should let the customer know that there’s such a thing, if not, at least let them know a day or two before it starts, not AFTER the Mutual Fund has already started and there’s no way to change it (at least for this quarter).
Whether I want to invest my money in a Mutual Fund, or let it stay idle, or simply party it all away, should be left to me & me alone, and anything regarding that shouldn’t be done without permission.
Anyway, I’ve made the necessary changes to my profile, so that from next quarter, fund gets transferred back to my bank account.

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