Dear Mr.Jamal
Sorry to hear your plight. But, the fact is all the4 mutual fund houses work this way. They have a set of rules and regulations to be followed which is also monitored by irda.The fund that you have invested in is a close end ULIP fund which involves insurance and stock investment.
And as per the present market situation, which is very down, your invested amount of 1 lakh has gone down to 67,587.00But, the market is showing signs of revival and it will come back to normal.
Hence i suggest you to wait and watch. It might take some months to get back your investment.But, it will happen and maybe you will get a profit also if the market is good.
And as for the charges, kindly check with the fund house if you can avoid these charges if you withdraw this amount after 4 or 5 years from investment date.Many of the houses charges 1% if withdrawn at the end of 3rd year. But no charges from the 4th year onwards. I request you to check with the fund house reg this.
And please don't get upset over this as the market is at the worst now but showing signs of revival.Thanks and regards
pramodhOn Wed, Jan 18, 2012 at 2:37 PM, mohammed rassana <mrassana@yahoo.co.in> wrote:
dear sir,
all the banks rules are as like as the same. they must give their rules and regulations.
if you pay remaining full amount[ you must pay the remaing balance amount ]to relience and may get back full amount.
try with your concern agent also.
in my case also the same with icici bank. i paid two instalment 50000+50000= 100000 one lake
i cannot pay the third instalment . now they forced me to pay the third instalment to get full up to date amount, otherwise they pay me back only the balance amount with deduction of their rules. what can i do? i said ok then you pay me the balance as per your rules and regulations. but stll they didnot pay yet. first this is our mistake. all the banks and bank agent s are theifs.first they said some thing, afetr that they completely return to side of the bank.
if we put our deposite in normal sanvings bank account, instead of this type of investment with relienc or like icici bankwe can get ful amount with up to date interest.
totally we are mislead by the bank staffs andagent. this should be erased from the banking law
thismust taken to the irda with a group of people who they are affected like this.
how we can do it?. please consult with the lawyer.
thanks
regards
em. rassana
From: jamal kk <jamalkk2000@yahoo.com>
To: Keralites <Keralites@yahoogroups.com>
Sent: Wednesday, 18 January 2012 1:35 AM
Subject: [www.keralites.net] MUTUAL FUND-please helpDear Friends,
I am a member of Reliance mutual fund under the scheme equity automatic investment plan since 2008. my deposit is 1 lakh . It is a 3 year plan but I invested only once in this plan(18-02-2008) and cound not continue in the next years(18-02-2009,18-02-2010)
Now as per the online report my status is ULIP - auto lapsed and my fund value is only 67,587/- after 3 years. and when I contacted the reliance office could knew thatonlyI will get the money as per the statement after deducted perticular % of fees (around Rs 3000) My agent was mis undestood me from the begining thatmy investment will be secure always because it is under IRDA. Please help some body to know what amount I canclaim in this regards and what are the procedures.
Thanking you
www.keralites.net 
To subscribe send a mail to Keralites-subscribe@yahoogroups.com.
Send your posts to Keralites@yahoogroups.com.
Send your suggestions to Keralites-owner@yahoogroups.com.
To unsubscribe send a mail to Keralites-unsubscribe@yahoogroups.com.
Homepage: www.keralites.net
No comments:
Post a Comment