[Resolved]  Reliance Mutual Fund — Systematic investment rejection

Reliance Mutual Fund — No release Invest fund (Reject)

Dear Sir. I would request to consumer forum about my invest in Reliance mutual fund. I invest in jan-2008 in Reliance Mutual fund though Axis bank (Area Code : 503) Rs. : 25000/-.

• Scheme Name : Reliance natural recourses Fund (G)
• Account No : [protected]
• Invest Rs. : 25000/-
• Invest in Yer : Jan-2008.

The issue is when I request to RMF at local office Indore on dated: 24/8/2009, 27/8/2009 & 8/9/2009. But every time company has reject my request for the redemption & Not credited amount in my bank a/c. nor issue the cheque in my favor.

The matter is as company my signature mustache with record of RMF. I many time request to the company representative for the verify my signature as which type error in my signature. But they have declined my request and told we cant shown to you your signature with our record. And any no proof provides me by company.

I again original document submitted to RMF local office with my original signature verification with seal & Sing. By My Current bank (HDFC BANK LTD.) But company again reject my request. And not issue my invest amount.

I want to help on this matter from side of consumer forum. And I want to my full amount as earlier as soon.

My Contact No : [protected].

Encl. : Document attached with mail for reference.

I invested in Reliance media & entertainment fund (growth) folio no:[protected]. On 8th september they rejected my redemption. I was again rejected redeemption 4 days later. The reason stated was signature mismatch on both occassion. This guy Mr Reddy in Karvy copmutershare seems to be a crook to me. He deliberetly rejects redemptions on one ground or the other with the intention of pocketing the gains from the fund when its value rises and will accept its redemption only if the value falls. The difference between the high and low goes into his pocket. Otherwise why would he reject redemptions 2 times in a matter of 5 days on flimsy grounds and from a genuine investor. If he has any explanation tell him to contact me on: [protected].

Dear Investor,

We refer to your complaint posted on https://www.consumercomplaints.in website regarding rejection of SIP (Systematic Investment Plan) transaction for folio number [protected], we wish to inform you that the SIP transactions have been rejected with the reason " payment failed because insufficient balance". Hence, we request you to coordinate with the banker with RBI sequence no: [protected] & [protected].

Further, as you have confirmed amount has been debited from you bank, we request you to provide us with scanned copy of the bank account statement or in PDF format for further verification, kindly note bank statement provided through notepad or excel is not acceptable.

For any further information or assistance, please contact us on our 24 hours Customer Service Centre[protected]toll free) or[protected]Non reliance users need to prefix the local area code). You can also write to us at [protected]@reliancemutual.com.

We would be happy to assist you.

We value your investment and thank you for your trust in Reliance Mutual Fund.

Regards,
Reliance Mutual Fund Customer Care

RESPECTABLE SIR,
LAST WEDNESDAY I REDEM MY FOUR MUTUAL FUND ACCOUNTS.I AM SZUFFERING IN A BAD ECONOMIC CONDITION.SO I REDEM THEM.THIS MONTH 15TH MY DATE OF KNEE SURGERY, SO I NEED MY AMOUNT.BUT STILL AFTER 8 DAYS I HAVE NOT GET MY CHEQUE.PLEASE DO SOMETHING AND HELP ME TO GET THOSE CHEQUES AS EARLY AS POSSIBLE.MY NAME IS IIPSIT GOSWAMI.MY FOLIO NUMBERS ARE[protected],[protected],[protected],[protected].I WILL GRATEFUL TO YOU IF YOU HELP ME IN MY SUFFERING POSITION.I WANT TO CLOSE MY RELICE MUTUAL FUND ACCOUNTS ALSO.SO PLEASE SEND A MAN AT BANK OF BARODA, BELGHORIA BRANCH.PLEASE SEND A MAN WITHIN THIS WEEK.I AM WAITING FOR YOUR CONFIRMING REPLY.

YOUR FAITHFUL CUSTOMER
IIPSIT GOSWAMI.
DATE:07/09/2010
TIME:12:05

Dear Sir,


This has reference to your letter Ref # 161155, dated 13/07/2010, copy attached . Following facts kindly be noted on the subject matter, please .


I didn’t receive any Cheque of IRS 6780.00 dated 30/10/2009 from Reliance Mutual Fund.
The attached letter was received on my India visit on Aug’2010.
I purchased this Reliance Mutual Fund thru AXIS Bank Kolkata HQ, AC # [protected]
Account AC # [protected], AXIS Bank in Kolkata HQ was closed two years back
If the Cheque is directly transferred the AXIS Bank Kolkata HQ, then the Bank should return to the Reliance Mutual Fund or transferred to my present Acoount .

My present Account details as below, all future transaction should made thru this account only.:

Sadhan Bandyopadhyay

A/C # :: [protected]

AXIS Bank, Shangam Market

Barasat, KOL 700126


My Present communication Address ::



Sadhan Bandyopadhyay

CNP Dept, Etisalat

P.O Box # 1150

Dubai, UAE

Tel # ::[protected]

E-Mail :::[protected]@emirates.net.ae



You are requested to do needful action to pay IRS 6780/= as a dividend of Reliance Mutual Fund certificates and transfer the same to my A/C # :: [protected], AXIS Bank Barasat Branch as soon as possible.



Appreciated your kind cooperation and needful action to finalize the matter immediately, please.



Sincere Regards,

Sadhan Bandyopadhyay

Dubai, UAE

The above letter faxed to Reliance help desk several times but no response

Reliance mutual fund redemption or withdral or cancellation form where can i receive it. Reliance site disabled that option