[Resolved]  HDFC Bank Mutual Fund — money not received for redemption given on 2nd Jan 2009

HDFC top 200 redempt on 22 May 09 but money not receive me. (ICICI Bank A/C No[protected] . Pl send the same.

Dear Sir
I have invested in HDFC Tax Saver - Growth Fund (Folio No. 2833427/23)
I have closed my old a/c and opend a new a/c. While going for redemption at your Guwahati CAMs office & HDFC Office, the same has not been accpted stating that without giving the cancelled cheque of old a/c we can accept the redemption .Sir I want to inform u that whan an bank account closed, all the blank cheque have to be submitted to Bank, thus it is impossible for me to give the blank cheque. So I want to know how I can redeem my Units.
Further I also want to coney you that while trying to contact Mr. DP Mahapatra, Branch Manager of HDFC Mutual Fund, Guwahati over his Mobile No. on 05.09.2009, he has refused to talk that today is Saturday he will not attend any call.
So, Sir I also want to know, wether any pooer people can not invest in HDFC, who us having Bank a./c withou cheque facility.

In the hope of early response

seema

HDFC MF ORGANISATION HAS FAILED TO BE INVESTER FRIENDLY .ON ONE ORETEXT OR OTHER THEY DO NOT HONOUR REDEMPTION REQUESTS. IN MY CASE THEY REJECTED MY REDEMPTION REQ ON A SILLY OBSERVATION -SIGNATURE NOT MATCHING- I WAS ADVISED TO GET SIG ATTESTED BY BANK MANAGER. THIS WAS ALSO DONE . THIS HAS ALSO BEEN REJECTED, NEARLY TWO MONTHS HAVE ELAPSED AND MY HARD EARNED MONEY IS STILL NOT RELEASED BY HDFC. SO FRIENDS I AM PLANNING TO TAKE UP THE ISSUE OF HARRASEMENT TO COURT.

I Y.Srinivasa Rao invested Rs5, 000/- in Centurion Quantum Growth Fund-1993 of 20th century mutual Fund.The Regd Folio No TQ0172614 and certificate no 01234695 to 01234699 for 500 units. As Iam working in Nashik, I applied through local agent by giving cheque for Rs.5000/- of State Bank Of India Nashik Road. In the application I have given my permanent address of Hyderabad.
In February 2010 I approached my alocal gent Vishwas R Jadhav and enqired regarding my above fund. He checked and confirmed that now this fund is transferred to HDFC mutual fund (HDFC Capital Builder Fund)and told me to enquire in their local Nashik Office. I went to HDFC Nashik office and explained about this case. They informed that already some one by same name redeemed it in 2005, I shocked and given a wrritten complaint on 23 feb 2010 which is duly acknowledged by HDFC. I started following with HDFC and they called me on 23.04.2010 and asked to submit all my original certificates duly signed on each document and promised that within 2 to three weeks they will issue cheque of Rs.16819/- The concerned person in HDFC is Ms.Ashwini contact number[protected] or[protected]. I started followin over phone after 20th May and as I am not getting satisfactory answer I went to HDFC office on 9th June and asked Ms.Ashwini about my cheque, she replied that they already paid in 2005 and can't help and provided the details of the person who reimbursed it and asked me to take direct action on that person as HDFC is no more responsible. I told that this is a fraud (which she agreed) and asked her to return my original certificates so that I will go to consumer court. She said she will get the same from CAMS Chennai and investigate the matter. I also submitted copy of the original application form along with cheque details.
My complaint is
1.How HDFC can redeem the above to a wrong person without verifying the original applicants signature?
2.How HDFC can ask me to take direct action on the person who intentionally redeemed it? What is their responsibility even after getting the facts of fraud?
Please help
Regards,
Y Sinivasa Rao
[protected]

HDFC Mutual Fund — CHEQUE NOT RECEIVED

DEAR SIR/MADAM,



I HAVE ASK FOR THE REDEMPTION OFALL MY UNIT FROM HDFC MUTUAL FUND POLIO NO 5826766 ON 1/07/10. BUT TILL DATE NOTHING HAVE BEEN DELIVERED EXCEPT FALSE ASSURANCE FROM CALL CENTER TO MY END.
HELP [protected]/[protected]

It is the reponsibility of hdfc to find out the person who fradulantly encashed. Mr.Y.Srinivasa Rao should be given the proceeds with interest.

I fully agree the view of Mr.Srinivasa. It is a fraud not only by the person who redemed it but the HDFC also cheated by collecting the original certificate. The proceeds with interest must be paid at the earliest.

I Fully Agree

i my self sunil gupta i have taken a sip of hdfc mutual fund top 200 i have some problem about that yesterday mean 16/11/2010 i have called at thane (west)at ghokle road branch to solve my problem but they not given me any responce they told abi hum log bhout busy hai so sir please solve my problem as soon as posible

your faithfully

sunil gupta
([protected])

I also have Centurion Quantum Growth fund - 1993 & the HDFC staff at Bangalore is not aware of this fund & asking me to furnish the certificate. They are not ready to take the folio no. & not furnishing infn. on redemption.

Write to SEBI. I am also facing such similar service issues with HDFC MF. After providing the original cancelled cheques also they are taking time to change the Bank Mandate. however they accept the new bank account details with redumption and process the same in two days. Does that means that investor should redeem the amount just to get the bank mandate change. And every time I am getting answer, this is our policy.

This is a MF that runs on brand name and has no service except auto reply. When u write to their Corporate office Vice President, u get a polite reply with apology from one of his assistant but the problem is not even read. I have been facing the problem and I have taken up the matter with SEBI. Then also is a problem because when SEBI complaint go the Mutual fund they forward the same to Bank. It appears they have a bunch of illiterate customer service points who cannot understand any query posed to them and the best way is to keep quiet since u will receive always an auto message, which has no reference number or the same is not monitored by anybody in this stupid company.

dear sir

ihave redmption my folio no. 6151698/29 at 13/5/2011 but we have not recive amount pl give detail

ICICI — Action not taken for withdrawal of mutual fund

Dear Sir,
I would like to inform you that i invested money in mutual fund in icici bank at Doctors colony patna branch(Bihar) on 15 march 2010 and every month from march[protected] INR auto debit deduction from my icici account.When i was in india in july 2011 i meet to concern person in icici branch at Doctors colony and i requested to close my mutual fund and amount to be credited to my existing icici account.Bank told me one and half month back you have to submit form as a hard copy with my signature to concern branch icici.I submitted one month back require form to close mutual fund. but no have any action from bank. I called several times on phone from outside india last four month.I complained also several times on line icici websites to account manager, But still i am facing problem from ICICI..Still deduction five thoudand INR last two month and amount also blocked.