ICICI Prudential AMC — giving wrong commitments and driving wrongly

Hvim

from Chennai, Tamil Nadu

Address:

600119

I lurched a mutual fund policy - Bharath consumption fund . Initial I was told, will give 10% interest and I will get very good returns in a short time . But now it’s Fundvalus is 1 lakh less than what I invested . Right from the beginning, every day fund value got decreased and I was told to wait for 3 months initially . Now asking me to wait for another 3 months .
Almost 5 months going to complete and 1 lakh loss . I was never told about Bharath consumption fund . They themselves put in that when so many options available . I asked them to return my amount . So far nothing happened except waiting for that and losing 1.5 lakhs . Without any reason, why should loose my amount for someone’s benefits. Please seeking your intervention and help me to get my amount bank . Very worst service and policy plans .

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ICICI Prudential AMC customer support has been notified about the posted complaint.

Jul 24, 2019

Updated by Hvim I would like to withdraw my amount . They are charging 1% of my investment and apart from that I have to loose 1 lakh from my principal amount within 4-5 months . This is pathetic plan and I would like to get back my amount with any single paise more or less. Since the amount invested is little high I seek your intervention and further they should not recommend such plans for those who wants short term plans . I in fact asked for short term plans only and asked them that I want join in fd. Now they are telling all these stories and unnecessarily loosing 1.5 lakhs in 4-5 months and further they are asking me to wait for another couples of months which I suspect may lead to heavy lose to me .

Jul 25, 2019

Updated by Hvim Any updates please .

Jul 30, 2019

Updated by Hvim I so far received any updates on the same