[Resolved]  ICICI- Prudential — playing with money

Address:

Gujarat

My name is falgun patel,

I have invested in the ICICI- Prudencial PENSION plan , they are claiming 15% of return annually of invested amount,

Here is the fact:

I have invested ( Policy number :[protected] : Total Rs. 107000/- in three years and today after almost four years my Net unit value is rs. 103000/-, they are giving false promises and charging (15% ) ....

Adminstrative charge : 13% annually ( what is this ?... telll me .. they have written 1.1% monthly ) - this is big cheating ....
Fund management charges : 1.75% annually -- this will be ok if it is higher nubmer ... but fund needs to be well managed
Unit allocation charge : 1% annually

it is frustrating to see the return number...

with this pace, how can i assured that my pension will be at good level .. to comform my retirment..

so, pls. do not invest in pension plan - and from ICICI- Prudencial....they are cheaters... Playing with your money

Falgun Patel