Blue Chip Capital Services Private Limited
Complaint reg. late investment

I had given the three cheques to Mr. Navin from Bluechip capital services private limited located at Hauz Khas on 30th October. The cheques were of Rs. 20, 000/- to be invested in Fidelity Tax advantage Fund, Rs. 10, 000/- for SBNPP Tax Saver and Rs. 341/- for brokerage charge. He has brought with him the NAV of 30th October. On the basis of which I decided to invest on 30th october. To my surprise, he has invested the brokerage cheque earlier (amount has been deducted from my account on 4th November) whereas he has invested the amount on 9th November (amount has been deducted from my account on 11th November). This is a wrong practice. Without doing the investment, cheque for brokerage should not have been deposited. I called twice during the week 2nd – 8 November. First for informing him about this wrong doing and second for asking the reason for non-investment of the amount.

Secondly, I have to bear the loss due to change in the NAV rates from the date of my giving the cheques i.e. 30th October and the date of investment i.e. 9th November (refer the details below extracted from www.camsoline.org). Hope that you would be compensating me for the same? Holding on the cheque is not a good practice. I generally do the investment for tax saving purposes. I was dealing with Mr. Abhishek, Bluechip from last 3 years.

S14 SBNPP Tax Saver - (Open Ended) -Growth09-Nov40.3480.802339.5457

S14 SBNPP Tax Saver - (Open Ended) -Growth06-Nov39.5457.481139.0646

S14 SBNPP Tax Saver - (Open Ended) -Growth05-Nov39.0646.530538.5341

S14 SBNPP Tax Saver - (Open Ended) -Growth04-Nov38.53411.012437.5217

S14 SBNPP Tax Saver - (Open Ended) -Growth03-Nov37.5217 (1.2612) 38.7829

S14 SBNPP Tax Saver - (Open Ended) -Growth30-Oct38.7829(.1549) 38.9378

FFTAFG Fidelity Tax Advantage Fund - Growth09-Nov17.2060.354016.8520

FFTAFG Fidelity Tax Advantage Fund - Growth06-Nov16.8520.163016.6890

FFTAFG Fidelity Tax Advantage Fund - Growth05-Nov16.6890.174016.5150

FFTAFG Fidelity Tax Advantage Fund - Growth04-Nov16.5150.402016.1130

FFTAFG Fidelity Tax Advantage Fund - Growth03-Nov16.1130(.3960) 16.5090

FFTAFG Fidelity Tax Advantage Fund - Growth30-Oct16.5090(.1180) 16.6270

This kind of happening reduces the faith between the investor and the client.

Look forward to receive an early response.