Unit Trust of India Mutual Fund [UTIMF] Complaints & Reviews

in response to your letter no.184738 dated 26.02,2010 intimating that my dividend warrant no.[protected] dated 13/04/2009 for rs.356/40 is unpaid. i had intimated my bank account no.[protected] with axis bank ltd., kurukshetra branch and reqyested for credit to the above account. but till date the amount has not been credited to above account. please credit the same to my above account online and confirm me on my mailing address [protected]@gmail.com.

regards
mangatram

I HAVE A BOND O[censored]TI RAJLAKSHMI YOGNA .I WAS DEPOSITING rS 3000/- .....* MYBOND'S MATURITY DATE WAS 09/11/2009......... & THE MATURITY VALUE IS RS. 39000......... TILL DATE I HAVE NO INFORMATION REGARDING TO THIS SCHEME.........SO KINDLY PROVIDE ME INFORMATION RELATED TO THIS SCHEME.........& HOW CAN I GET MY MONEY

here with submit the particulars of Mr.Vanka Apparao UNIT TRUST
OF IDIA INSURANCE SCHEME SENIOR CITIZEN UNIT PLAN -1993 (SCUP1993) as
called for by you through your Email d/6-9-2010

*Name of Complainant :
Mr./Ms. Vanka Appa Rao

Communication Details ;-VANKA
APPARAO,D4-VAMSIAPARTMENTS,JAGANNADHAPURAM,AKKAYYAPALEM.P.O
VISAKHAPATNAM-530016, ANDHRAPRADESH


Door No./ Bldg/Name/ Floor ;[protected]/18 VAMSIAPARTMENTS


Street / Area ;-JAGANNADHAPURAM ,AKKAYYAPALEM P.O.


*City/Town/Panchayath/Village VISAKHAPATNAM


Taluk/Tehzil ;-VISAKHAPATNAM TALUK


District VISAKHAPATNAM DISTRICT


*State ANDHRAPRADESH


*Pin Code ;-53OO16


* E- Mail ;- apparao.[protected]@gmail.com


Telephone No [protected]


*Mobile No :- [protected]


Fax No NIL


*Insurance Type (Please mentioned Insurance Type) NON LIFE UTI scup
SCHEME 1993 COVERING HEALTH INSURANCE FOR MEMBERS OF THIS SCHEME
LINKED WITH NEW INDIA ASSURANCE CO. LTD.FOR PAYMENT OF HOSPITAL
CHARGES AS PER THE TERMS O[censored]TI

*Life
* Non Life


*Insurance Company Name :-NEW INDIA ASURANCE CO.LTD . THE UNIT TRUST
OF INDIA HANDED OVER THE SCUP SCHEME OF ME VANKA APPARAO WITH
MEMBERSHIP NO.SC[protected] TO NIAC AFTER PAYMENT OF ALL PREMIUMS BY
UTI ON BEHALF OF ME


Policy No: UTI MEMBERSHIP NO SC[protected] of SCUP scheme o[censored]TI


Cover Note: # DETAILED GRIEVENCE ARE FURNISHED BELOW


Other Reference No: MY E MAIL apparao.[protected]@gmail .com dated


Details of the Complaint (Please type the full details of the complaint)


*Have you Approached Insurance Company Regarding This Grievance (If
Yes YES I MET THE BRANCH MANAGER UTI VISAKHAPATNAM ALONG WITH MY
COCERNED UTI AGENT . BUT I COULD NOT SUCCEED IN GETTING REDRESSED THAN
IHAD TO GET THE TREAT MENT ALTERNATELY BY SOME OTHER HOSPITAL AS THE
SEVEN HIIIS HOSPITAL BLATANTLY REFUSED SAYIG THAT THE NIAC IS NOT
HONOURING THE BILLS OF THIS SCME O[censored]TI AND AS SUCH THEY CANNOT ADMIT
MEMBERS OF THIS SCHEME UTI SCUP1993.THIS IS ACLEAR CASE OFDENYING THE
GOVT SCHEME UNDER TAKEN LEAVING THE FATE OF MEMBER OF THE SCHEME UTUI
SCUP SCHEME
Provide Ref No )
# Iam Vanka Apparao a senior citizen aged 72 years now lured by the
advertisement by Unit Trust of India in 1993,joined the Senior Citizen
Unit Plan. My membership No.is SC[protected].It is promised that
health insurance is covered on attaining the age of 58 years Accordingly
I paid RS35000 on 9-6-1993.The UTI informed about and allotted
membership No.SC[protected].The UTI also paid premium to NIAC on my
behalf as detailed follows 1)From 9-6-1993to[protected] Rs5625
[protected]to[protected] Rs[protected]to[protected] Rs5625
[protected]to[protected] Rs5625.Second instalment was paid by UTI is
Rs4477-50 for the period up to[protected].next an amount of Rs4701-38
was paid for the period up to[protected].Thus a total amount of
Rs31,678-88 was paid to NIAC on behalf of me(V.APPARAO). Against which
UTI is bound to assure an amount of Rs7,50,000 cashless treatment to
me and to my wife as per the terms of the SCUP Scheme 1993.but
unfortunately the SCUP Scheme was closed saying that the liability
was handed over to NIAC .taking a stand that for members who more than
58 years and whose insurance premium had been paid there will be no
change and NJAC will still offer the hospitalisation cover duly
including the cashless facility. NOW IN MY CASE ALSO THE ENTIRE PREMIUM
HAD BEEN PAID AS DETAILED ABOVE. There fore eligible for the cashless
facility. But during 6/2009 the listed hospitals disowned saying that
NIAC IS NOT HONOURING THEIR CLAIMS. In this particular helpless
situation Iam driven to untold miserable position and had to absorb
their(UTI&NIAC) failures. though both are Govt. organisations. Is this
not voilation of HUMAN RIGHTS.AND DISRESPECTNG OF SENIOR CITIZENS
.Therefore kindly do the needful to restore the gross injustice. Please
direct thNIAC to issue the fresh policies for cashless hospitalisation
and extend all facilities contemplated in the UTI=SCUP Scheme mutatis
mutando and do the denied jusice at least now.without further loss of
time and breaking LAW by the Govt.organisations.


1) HENCE I REQUEST TO KINDLY DIRECT THE NEW
INDIA ASSURANCE CO.LTD.TO ISSUE SUITABLE ASSURANCE TO THE VICTIMS
OFTHIS SCHEME SCUP O[censored]TI AS NIAC HAS TAKEN OVER THIS SCHEME IN TERMS
OF TH SAME CONDITIONS HAD IT BEEN COTINUED IN UTI. THIS MAY BE IN THE
SHAPE OF BOND OR A LETTER BY PROPER AUTHORITY

2)NIAC MAY BE DIRECTED TO HONOUR THE BILLS PRESENTED BY THE APPROVED
HOSPITALS AND AVOID INCONVENIENCE AND POSSIBLE DAMAGE WHATSOEVER TO
THE MEMBERS OF THE UTI SENIOR CITIZENS UNIT PLAN IN AS MUCH AS THE
WHOLE PREMIUMS WERE PAID IN TIME ON BEHALF OF THE MEMBERS THIS SCUP
SCHEME O[censored]TI. IT IS ONCE AGAIN BROUGHT TO THE KIND NOTICE OF THE IRDA
AUTHORITIES THAT HAVING RECEIVED THE PAYMENTS BY THE NIAC ASSURANCE
CO. WHERE IS THE JUSTICE TO DENY THE CLAIMS OF THE MEMBERS RIGHTLY
PAID THEIR PREMIUMS. THIS IS NOTHING SHORT OF KNOCKING AWAY THE HARD
EARNED MONIES OF THE MEMBERS DISHONESTLY WITH VESTED INTERST AND
SHOWING THEIR MASKED ATTITUDE TO WHISK AWAY THE FUNDS . HOW EVER IT IS
REQUESTED TO KINDLY DO THE JUSTICE TO THE POOR AND DISABLED SECTION OF
THE SOCIETY THE SO CALLED SENIOR CITIZENS A COLOURFUL NAME FOR THE
NAME'S SAKE.AWATING EARLY REDRESSAL WITH FOLDED HANDS. APPARAO VANKA
.MEMBERSHIP NO SC[protected] VISAKHAPATNAM

Query reference No.#12WC-8616/1
Request for extension of validity of date of cheque and change in bankers name was requested vide my letter dated Nil "May" 2010
Copy attached.

DATE:[protected]

Respected Sir,

I am having three certificates the details of the same are as under:

1] MASTER PLUS UNIT SCHEME-1991 (MASTER PLUS)
Reg Folio No : 631546 and Certificate No : 03306784 **1/1
Name of the holder VASUDEV JOSHI.
" SINGLE" No of Master Plus Held : One Hundred Only (****100)
Distinctive Nos :[protected]
Given on this 2nd March 1992.

2] CGG[censored]NIT SCHEME- in the name of my Daughter Kum Nandini Joshi

Certificate No :[protected] no o[censored]nits 110*, Date of Issue : 1/1/1991 011779 ( Date of Maturity : 02/08/2011)
Certificatie No :[protected] no units 110* , Date of Issue : 4/1/1992 000638 ( Date of Maturity : 02/08/2011)


Sir, kindly advise me

1]The present status of above certificates,

2] When I can surrender the above and get my investment back

3] I am having one Income Distribution Warrant NO[protected] dt.[protected]inv.id/folio number: [protected]

for Rs. 200 uncashed with me as my bank account details have changed due to my transfer.

4] I have to change my address for correspondance: New address is: VASUDEV N JOSHI, MANAGER(CRM), LIC OF INDIA

DIVISIONAL OFFICE, GANPATHDAS DEVIPATH, SATARA-415001, Maharastra state.

5} MY NEW SB ACCOUNT NO IS : 3235, CORPORATION BANK, LIC DO COMPLEX, SATARA.



Sir, due to my continuous transfers from one place to another and change of address was not communicated to you, to I could not recieve the communications which could have been sent by you. Under these circumstance kindly advise as above, and kindly incorporate my new address aslo. All the documents mentioned above are physically with me.



Thanking you Sir,



VASUDEV JOSHI.

DEAR SIR,

I HAVE PURCHASED 1000 UNITS VIDE CERTIFICATE NO. [protected] DATED 28.12.1994 AND NOT REVEIVED ANY INFORMATION AFTER MAY 2000 TILL DATE.

PLEASE LET ME KNOW THE STATUS AND SEND THE RECEIPTS.

THANKING YOU

TANUJ DIXIT

Dear Sirs, Good day.
We had purchased CHILDREN's GROWTH FUNd from UTI in 1991.
Later on it was closed and as we were not aware of it therefore it was converted into ARS bond.
When we came to know about it , in June principal amount was sent to the account of SAGAR RANJAN , but Despite our repeated requests we have not received payment of INTEREST ON ARS BOND till date .
Everytime we call UTI office in CBD belapur, they say it is not processed as yet.
ARS bond details WITH UTI is as given below :
Inv ID[protected]
Name : Sagar Ranjan

Request you to kindly look into the same and do the needful soonest.
B regards
Prafulla Ranjan
F/O sagar Ranjan
Mob : +91 [protected]
e-mail : [protected]@yahoo.com

Dear sir,

My Father have purchased 400 units o[censored]TI MASTER GAIN 92 in 1992 . I would like to know the current status of the mutual fund. We Want to sell the Units now How can we sell the units ? Please send me the details in mentioned email.

E-Mail I.D- [protected]@yahoo.com

Awaiting your reply.

Dear sir/madam

Kindly inform you that I am an aggressive investor o[censored]TI. I am
investing in UTI’s funds from last four years and also awake our
friends to invest in UTI. Only I had ten SIP o[censored]TI. My complaint to
UTI is that I had not received any E-investment statement of SIP from
last two months in my e-mail id which were enclosed below.
So kindly resume this valuable service and send all these statements
which where enclosed below, So that I can easily see my investment
amount and position.

Thank you!

Encls. –
1. Services Industry fund/ app. No. 2812726
2. Dividend Yield fund/ app. No.2812727
3. Equity fund/ app. No. 2397239
4. Top 100 fund/ app. No. 3996796
5. Opportunity fund/folio.[protected]
6. Mastershare fund/ folio.[protected]
7. Equity fund/ folio.[protected]
8. Top100 fund/ folio.[protected]
9. Dividend Yield fund/ folio.[protected]
10. Ulip fund/ folio.[protected]
11. Infrastructure fund/ folio.[protected]
12. Infrastructure fund/ folio.[protected]


Sincerely yours

Mohit Ranjan Gupta

To UTI mastershare dept,

Dear Sir,

I have 720 unti master share for which I am not getting the divident for last 6-7 yrs . This is due to change of address. My pervious address was : 19 Jelia para Lane , Kolkata-700012 . I have intimated UTI investor services thru letter and telephone a number of times but the change of address are still to be incorporated . My current address for last 10 yrs is

Amit Pal
23/12/1, Fakir Chand Ghosh Lane, ghoshpara , Howrah-711104


Pls note that the ledger folio number/ client ID of my UTI master shares is 225058 .


Pls arrange to get me all the pending dividents of last so many years and also confirm change of address in UTI mastershare register.

regards
Amit Pal

Dear Sir,

My Dad had Purchased UTI Mastergain 92 Units in 1992, and now I want to get refund of the same.
Please let me know the refund amount & procedure for the following immediately. I am having this units in Physical form.

I request your support on this.


Name of Holder: C Lachumanna

Reg.folio No: 92 S5389308

Unit certificate no's:[protected]/2, 50890415 LS/2

IH Number:[protected]

Distinctive Nos: [protected] -[protected] & [protected] - [protected]

I look forward to hearing from you.

Thank you.

Best Regards,
Pavan
Cell: +91-[protected]
Email: [protected]@yahoo.co.in

I am holding 200 Units o[censored]TI Mastergain. I have not received the Income Distributiuon share for the year[protected]. My Inv.ID/Folio No./DP/Client ID: [protected].

I shall appreciate to let me know the status on this Equity Fund, and also
the NAV.

Thanks for your quick response to my mail ID [protected]@hotmail.com

M. Ganesan

Dear Sir,
I had purchased Qty. 500 No. MEP93 Units ( Unit Cert. No. MEP [protected] ) & subsequently got alloted 200 Nos. bonus units ( No,[protected] of 100 No. each, which were due for redemption in 2003.
Since, I had no track of transactions,on enquiry from local office I am given to understand that a cheque No. 011118 D/d 16 Jun.03 was issued against my Canara Bank a/c No. 50396 and that got lost in transit because of frequent change in address.They also say that it has not been debited to their account. Since, my a/c was at Canara Banks extension counter & all transactions were done manually, till 2007, they are not in a position to issue me Year 2003 a/c statement.
In spite of assuarances from local office for past 02 months, no fresh cheque has been issued .
I request you to please arrange to get resolved this issue & relieve a senior citizen of this mental agony.

Regards !
Sukhdev Dheer
B-1216, Green Field Colony
Faridabad ( Haryana )
Pin 121010
Mob. [protected]

I had 124 nos of 6.60% Tax Free ARS Bonds o[censored]nit Trust of India bearing Investor ID No.[protected] and Bond Certificate No. 36067535 issued in the name of Rusi Kanta Panda. The date of allottment of bonds was 1St. April 2004 and the date of maturity was 1St. April 2009.

On[protected], I advised UTI to make the payments. I was surprised to note that only Rs. 12406.00 was paid to me by warrant No.[protected].

I need suitable redressal to my complaint.

Rusi Kanta Panda.

dear sir,
i had earlier given a complaint in this form that I did not get a reply from UTI for my question regarding the availability of medical over o[censored]TIs members in its scheme SCUP ( Senior Citizens Unit Scheme). Though this scheme has been stopped, for members wo have reached 58 years, and who have completed the paymant of insurranace premeis in NIAC, the sheme is still valid.

Well, i have received a nice reply and information in full as to how to go about in avaialing the benefits of the scheme in the case of senior citizens like me who are still mambers. I have profuselty thanked the Manager , SCUP who was kind enough to elucidate in full all my doubts.

Well, i have to write that UTI has kept its promise of fulfilling its obligation to the Senior citizens.

I have to thank again the UTI.

TV.Ramakrishnan
UTI SCUP member

Dear Sir,

I had invested in UTI Children's Gift Growth Fund Unit Scheme 1986 & details are given below.



Certificate No. [protected]
Date of purchase 12/12/1996
Date of maturity 10/12/2008

I did not get my redemption money till now. Even I tried at Karvy being a registrar of this scheme & UTI itself but not getting proper.

YUVIKA MADAN C/O KANTA CHADA OLD ADDRESS-101 VAUVERY AGRA SEN HOUSING SOCIETY
66 I P EXTENSION DELHI 110091

NEW ADDRESS- H.NO 2505 PHASE 2 DUGRI LUDHIANA 141003
PUNJAB INDIA

MOBILE NO-[protected]
MIAL I.D [protected]@yahoo.com

I HAD MADE MY ANNUAL REMITTANCE TO UTI ULIP FOLIO NO
[protected] AND [protected] . BUT I HAVE YET TO RECEIVE
ANY RECEIPT FOR THE SAME. I HAVE YET TO RECEIVE MATURITY PROCEEDS OF ANOTHER ULIP WHICH WAS MATURED IN JANUARY 2008
SERVICE USED TO BE FINE NOW IT HAS BECOME SLOPPY
WILL I RECEIVE ANY REPLY TO THIS

Dividend Warrants nos. [protected] to [protected] issued as Income Distribution on Mastershare Scheme o[censored]TI Mutual Fund were not received. These pertained to Folio Nos.[protected] to[protected]. The unpaid Dividend warrants were requested to be revalidated and sent to the Account Holders through mail to the Registrar, M/S Karvy Computershare Pvt. Ltd., at their address 1-90/2/10E, Narayani Mansion, Vittal Rao Nagar, Madhapur, Hyderabad -500081 on 30th March, 2010.
There is no progress on the issue though about 6 weeks have passed. The three Dividend Warrants of Rs. 5184/- each were to be reissued favouring Ananya Sanyal, Reeta Sanyal and Sujit Kumar Sanyal respectively. Bank Account details along with documents establishing Identity and Address of the beneficiaries were sent to the Registrars.
Sujit Kumar Sanyal, T-1/601, Challenger Towers, Thakur Village, Samata Nagar, Kandivali (East), Mumbai - 400 101
e-mail: [protected]@gmail.com
Contact No. [protected]

ID NO 58757 CERTIFICATE NO[protected] US 64 BONDS UNITS 144.00 WE ARE CORRESPONDING FROM 2008 CLAIMENT IS WIDOW OF LATE SH J L MANCHANDA DATE OF ACEPTANCE 26.02.2009.WE HAVE SUBMITTED ALL THE PAPERS 1.AFFIDAVIT BY KARTA OF HUF.
2.PROOF OF HUF HAS BEEN DISOLVED .DOCUMENTS FOR DEATH CLAIM UNDER RELAXED SCHEME.
ALL DOCUMENTS SUBMITTED IN UTI OFFICE JEEVAN BHARTI BUILDING ON 13.01.2010 BEFRE 1500 HRS
AGAIN WE RECEIEVED LETTER DT 22.04.2010 REF 61618626
DEMANDING THE SAME PAPERS CLAIMENT SMT. SATYA WATI SHE IS 83 YEARS OLD BED RIDDEN LADY UTI WANT TO REFUSED ONE WAY OR THE OTHER PAYMENT IF SHE DIED IN BETWEEN WHO WILL BE RESPONSIBLE.UTI WANT TO SWALLOW PUBLIC MONEY.I REQUEST YOU TO HELP A POOR LADY IN GETTING HER PAYMENT.I AM SON IN LAW OF SMT SATYAWATI

I have submitted redemption request for the following folio numbers o[censored]TI Mutal fund at their Somajiguda, Hyderabad office on 12.04.2010 at 11 AM
[protected] UTI Infrastructure fund-Growth
[protected] UTI Leadership Equity fund-Growth

Till date I have not received the credit in the account, There is no change in account number from the time i have invested in these funds on 23.01.2008.
I was told it will take 3 working days to get the credit,I have urgent payments to make and there help line numbers are giving streo type replies without confirming anything.