Calling a business a scam is a far stretch. And I can’t do that because of how litigious these fintech companies are.
Especially in a country like India where most of the time businesses are just slow, lazy, and bad at management.
But this case is different.
Dezerv is one of those companies that makes me feel sick to my stomach – the fact that I once promoted them.
TL;DR – I recommend staying wary of this company, and anyone involved with Dezerv.
What happened?
I’ve given an update on their shady marketing practices all over the internet. From Quora to Reddit – they have underpaid freelancers copy/paste marketing bullshit about their platform.
This sign of a disingenuous company that takes their customers for fools.
They also offered secondaries from companies like PharmEazy (They do not want you to share this with anyone). And given that they call themselves a bunch of investment exporters, they probably knew how it was a super bad deal for anyone foolish enough to invest.
They marketed it as an expert-curated investment opportunity.
And recently, I wanted to sell whatever I’d invested with them. And naturally, it should have been as easy as it is on the other platforms, such as Groww, INDmoney and Coin.
However, despite trying multiple times, they refused to sell all of my holdings. Instead, I was only able to sell a very small portion of my portfolio.
It isn’t a worry though – you can always go through different brokers and sell your mutual funds. I did so via INDMoney.
The point is, this company is super shady.
You’re literally paying them a commission for nothing. And they are a bunch of liars who have no issues cheating their audiences!.
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