[Resolved]  Kotak Mahindra / Mutual Fund — Investment documents not received even after 6 months

sir, i had made a systematic investment plan in Kotak Mahindra Mutual Funds. The amount of Rs. 3000/- used to get debited every month directly from my ICICI bank account. Its been 6 months since the time i invested, but till now i've not received the investment documents. Also, after 3 months from start date, they stopped debiting the amont from my bank. Numerous calls to the customer care centers of both ICICI & Kotak mahindra were futile. That's why i want to close the Mutual fund and withdraw whatever amount have been saved till date. For this i need the documents, which Kotak hasn't given till date. please help.

regards
paapori
Was this information helpful?
No (0)
Yes (0)
Aug 14, 2020
Complaint marked as Resolved 
Complaint comments 

Comments

From,
Mahesh Vasantlal Mota
B/69, 603, Sec-1, Shanti Ngr.,
Opp.TMT Bus Stop,
Mira Rpad (E) -401 107
Date: 28th Oct. 2009
To,
Kotak Mahendra Mutual Fund
Nariman Point, Mumbai


Sub:- Revalidation of DD with Direct Credit Facility.
Policy---Kotak 30(G), Folio No.: 909206


Dear Sir,
I have received DD of my redemption request, Chq.No. “369794” Dtd. 20-10-09, Rs.16, 299/- but due to wrong bank account number redemption has done on 5th Oct 2009, but i haven’t got DC in my account,

I have already submitted my bank confirmation to Kotak Mahendra Mutual Fund at Nariman Point Branch on dtd 23rd Oct 2009 with cancelled cheque of my HDFC bank.

So, i request you to revalidation of above DD and kindly make DC in my HDFC A/c No. “[protected]” as soon as possible.

Your immediate action will appreciate

Kindly do the needful.


Regards,


Mahesh Mota
:[protected]

Encl.:- 1) Original DD of Kotak Mahendra Bank
Dear Sir
This is not a comment on above matter, but a quarry. I am writing it here because I didnt find any terminal to solve my quarry with you, any where !!

I am Dr. Atul Tiwari form Jhalawar (Rajasthan- Near Kota)
I just received a call from Kotak Mahindra regarding a scheme.He said that I have qualified for this scheme through some internal selection process of company.

Since scheme did sound too good to be true, I had a suspicion.
Details are as followed
Caller said
I have to deposit Rs 30000/ each year fr 3 years.
This investment is tax free (80C & 10-10-D)
If I take it today, they will add 110% (Rs 33000/ to it)

Then, after 38 months I will get
135000+ SOME 40000/ (For added bonus of Rs 33000/)
(That is Just 5000/ less in double of basic investment of 90000/ in 3 years IE 175000 !!)
Plus
They will give me
Insurance for 200000/ Death benefit
Insurance of 200000/ Accidental death benefit
Medical hospitalization cash benefit 200000/ (Any of above, comes first)
All earning will be tax free.
Scheme is without allocation charges.
This all is too good to be true.
Please send me email immediately to confirm it, if it is there, because I have to take this scheme today only to get 110% bonus addition.
Dr. Atul Tiwari
[protected]
[protected]
If you want to buy a mutual fund in kotak mahindra, you have some choices to make. It’s kind of like the 50 kinds of toothpaste you can choose at Target. Except there are thousands of funds and we’re talking about your life savings. Anyway, you can pick a mutual fund of almost any imaginable type, based on many factors. For example, you could invest in a value fund, an emerging-markets fund, or a medical-device fund.
http://www.guidetoinvest.net/

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    Kotak Mahindra Bank
    customer care contact
    Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good a company is at responding and resolving complaints by granting from 1 to 5 stars for each complaint and then ultimately combining them all for an overall score.
    Read more
    29%
    Complaints
    4806
    Pending
    0
    Resolved
    1326
    Kotak Mahindra Bank Address
    27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra, India - 400051
    View all Kotak Mahindra Bank contact information