Re: [www.keralites.net] MUTUAL FUND-please help

 

Dear Friend,  whatever plan in Mutual Fund is subject to Net Asset value. means the value per unit on the date of redemption is only received to you. As this is a ULIP, there is (5%-10% as per differnt companies)  taken as insurance charges and balance go to mutul fund investments. Also there are some mortality charegs etc also debited from your a/c every year (same like premium). You can understand all this from the policy document and normally there is no charges for exit after the lock in period. so check the current NAV of the scheam. rgds/sabu --- On Wed, 1/18/12, jamal kk <jamalkk2000@yahoo.com> wrote: From: jamal kk <jamalkk2000@yahoo.com> Subject: [www.keralites.net] MUTUAL FUND-please help To: "Keralites" <Keralites@yahoogroups.com> Date: Wednesday, January 18, 2012, 1:35 AM   Dear 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 that only I 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 that my investment will be secure always because it is under IRDA. Please help some body to know what amount I can claim in this regards and what are the procedures.     Thanking you www.keralites.net

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