Cinema Capital Venture Fund [CCVF] Complaints & Reviews

I had invested rs 10 lakhs in ccvf in 2008 0n the advice of icici bank relationship officer. The fund now seems defunct, no returns have come so far. The principal amount seems sunk there is no response to queries, nor is any information forthcoming. The fund had projected a return of 20-30% but no returns have been given in the last 11 years or so. The fund in its last communication in 2017 had stated that they are trying to liquidate its meagre balance assets, thereafter no inputs have come the fund is registered with sebi. Icici needs to compensate for the loss. I am retired and badly need the monry

I had ivested rs 10lakhs in ccvf folio no [protected]. So far i have not received any money from the investment. The company is also not communicating any thing regarding the investment. Now i am retired and need money for my daily expenses. Kindly look in to the matter and try and refund my money. Looky forward to your co-operation in this matter.
Regards
S. Mahapatra

I have invested Rs. 10, 00, 000 in the CCVF and there is no repayment received at all. The fund has cheated me and all other investors. We should collectively file a criminal case against the fund managers. Please contact me, so, that we can jointly take action against this Fund house.
Name :- Rajendra Kumar Gupta
Mob :- +91 [protected]
Email :- [protected]@yahoo.com

I think v all need to join together by posting our m. No & v can create a what's group & discuss @ how to approach the center goverment to enter to resolve this. My m. No is +91 [protected].. For this investement i had been there at agm of icici bank ltd.in 2015. No action seems to have taken by the bank. This time i am going to attand icici bank agm on 10th aug.'18. I requert all investors to jointy & urgently prepere our waht's groupe, as well attend agm of icici bank at baroda.

Dear sir,
I had invested rs 10, 00, 000/- in ccvf in 4 instalments in 2008 on advice of relationship manager of icici bank. The fund was not doing well and i wanted to come out of the fund since 2013. Since that time the company is giving some excuse or other not to refund my invested money. I have no idea how to go about to come out of this fund. Today i tried contacting them but in vain.
I therefore request you to kindly help me in getting back my money. I am in dire need of money as i lost my job in 2013. Hope you will do the needful and oblige.
Regard
S. Mahapatra
Mob: [protected]

Yesterday i received a letter stating that even liquidation of assets is not going through!
How can a investment that was promised with much hype, become so bad, when the entire market and industry is doing so well?

Things just does not add up here. There is a scam going on here, and this requires a formal complaint and investigation by a formal complaints bereau. WIll consumer court be the right forum here? WHat can we collectively do as investors who got short changed? Let us come together. Thanks,
-ganesh

This fund was promoted by icici bank and many of our friends invested. Icici bank said that this fund cannot make loss but surprisingly, this fund lost allits value mostly due to frauds by this management. Icici bank, as a good bank, should take the loss and compensate their clients as they are resposible for us to make this investment.

Come on icici, you can take the loss, not people who invested retiral funds based on your...

The cinema capital venture fund (Ccvf) was promoted by icici bank to its account holders promising returns of around 33 %. However now after 7&1/2 years ccvf of taking min10 lakhs per person from 1259 investors they are claiming to have lost almost all money. Icici bank is trying to wash its hands off this fraud. Request other duped investors get together and we take up matter for justice. Pls contact me on [protected]@gmail.com or mobile [protected]...

I had invested INR 10 Lacs in this fund based on the advice of ICICI wealth management team. We were assured good returns but for the last 7 years all we are receiving is assurances from the management that liquidation is under way. It looks like this is a huge scam and the management should be criminally investigated since the amounts in question are in the region of at least 100 crores as per market feedback

My husband invested Rs. 10 L in CCVF in 2008 and we are still waiting for refund of our invested money forget returns as NAV is dwindelled down and returns are all evaporated.

We had invested considered ICICI bank RM's suggestion. Now RM is transferred to some other location & bank is not taking any responsibility for non refund of principal amount from CCVF.

Can this forum be help for getting our money back

Thanks.

This company is a big fraud. They promised returns of 35 % at time of launch of the fund to entice investors. I invested rs. 20 l on the promise that in 5 years time (Maturity period of the fund), the funds will give returns which would be secure and attractive..

They have paid nothing and in turn asked for first extension for 2 years and then again for 1 year extensions and warned now that if we insist on refund, the fund nav has eroded by 90 %. Based on this, they got extensions to the initial maturity period of 5 years. Over 7 years have now elapsed with zero returns and a bleak future for investors. I did not give my consent for this extension when last asked in oct'15.

The owner mr. Samir gupta has pocketed rs. 35 crores as upfront management fee from the investors and is not bothered. He does not respond to emails or phone calls.

Since sebi was involved in giving approval for this fund, we need to collectively approach them and lodge a complaint for recovery of our monies.

Thru this mail, i am requesting all investors to provide their email addresses and other contact details and let us form a group to collectively get mr. Gupta to at least pay up our principal amounts invested even if we cannot get ant interest on it.

Pl respond and let us apply pressure thru sebi, fir etc else our monies are doomed.

Recd letter they propose to extend further 3 years if they get 75 percent investors approval. In seven years they have eroded the nav to 74 pct and in October 2015 state if they wind up as per agreed contracted period nav could potentially be 70 to 90 pct lower. It is imperative investors in this fund immediately get connected to ensure effort to protect our money. This is totally against all the prospectus promses.

I had invested Rs 2, 50, 000/- (1st premium) in Cinema Capital Venture Fund Scheme 1 in 2008. Unfortunately I had not been able to pay the rest of the premiums ( total investment of 10 Lakhs) because of personal Financial problems caused by the 2008 stock market crash. I requested them to give me back the refund of the Rs 2, 50, 000/- which has been with Cinema Capital Fund for the past 6 years. But they give me the reply that since I did...