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

C.G.G.F. – 1986 was purchased in the name of BIDISHA MANDAL,
Cer. no. [protected] dt-8.5.1990 for 500 unit by Smt. Malabika
Mandal. ARS Bond issued ID No[protected], cer.No[protected] for 662
no. & 36025247 for 300 no. (ID are same) Mrs. Anjana Roy, officer,
UTI, Kolkata told that (11.2.09) name of the unitholder has been
changed & it is on D’mat account. Representation given on 12.2.09,
2.6.09, 1.7.09.It is mysterious that without any intimation to the
applicant how UTI allow this? Request for proper investigation &
payment with interest & non payment interest @ 18% from 1.4.09.
should be made in favor of Bidisha Mandal.

Its been 10 years of mental & financial harassment by UTI mutual fund (UTI asset management co. pvt. Ltd).I took membership in captioned plan on 28.03.1989, my plan matured on 28.03.1999.

When on non-receipt of maturity amount I approached local delhi office and visited there number of times, they informed that as per UTI’s records, they have send me three cheques for maturity amount, which I never received.

Then they asked me to submit ORIGINAL bond certificate and an undertaking on non-judicial stamp paper etc.

With no response from their side I submitted the same vide my letter dt. 17.06.2006 under the acknowledgement from local office dt. 20.06.2006, thereafter I am running from pillar to post for getting refund of maturity amount.

Then I received one letter dt. 11.10.2006 from locan office stating to furnish the documents which I have already submitted, when I approached local office and told them the same has been submitted by me, then UTI office Mr. oliver minj confirmed me my documents have duly been received and are in order.

When I wrote a letter dt. 26.09.2006 to chairman officee, I was given one letter reference number – UT/O/ 1194/DIS-CS/ 2005-06 vide letter dt. 22.02.2007 to quote it in all future correspondence.
Thereafter I kept writing delhi local office as well as transfer agent M/S karvy. (with all the copies enclosed of the required documents, bond certificates.)

Since then I am running from pillar to post and making phone calls for receipt of my maturity amount, I am in an urgent need of money, my whole family is dependent on me, I request the SEBI grievance board to take strict action against UTI asset management and help me refund my maturity amount.

Yours sincerely,

Anand jain

23-C Citizen enclave, sector – 14 extn rohini delhi – 110085

( mob no. : [protected])

Dear Sir,

I have Membership Certificate o[censored]nit-Linked Insurance Plan, 1971

Membership No. is [protected]
The issued date is 28/09/1995 & Due date is 25/09/2005

Till date I have not received the maturity payment

Plese, mail me current status of my Investment as early as possible

Thanks

vanita rani d/o late shri kalam singh

i send 6 Warrants as per details below on 22/08/2009 for revalidation but not recd yet.
details of warrants:-
1 Cheque/Warrant no [protected] dated 13/04/09 for Rs.1213.50 fvg Ashok Gupta
2. [protected]Do[protected] [protected][protected]do-------- Rs.1188.00 ------Do[protected]
3. [protected]do[protected] [protected] dated 24/04/09 Rs. 800.00 fvg Pradeep Kumar Aggarwal
4. [protected]do[protected] [protected] -------do[protected] Rs. 800.00 fvg Kritika Aggawal
5. [protected]do[protected] 71296456 dated 17/06/05 Rs.1600.00 --------do[protected]
6. [protected]do[protected] 73183293 ----do[protected] Rs.1600.00 fvg Anjali Agarwal

I also send my ID proof and residence proof for want of change of address as reqired as per your letter
Ref: KCPL/utimf/reissue/588398 dated 22/07/09
please look into the matter and do the needful at the earliest,and issue new Cheques without any further delay.

My daughter Isheeta Naqvi (Minor) and I as her gaurdian had been allotted 6.60% Tax Free ARS Bonds vide Bond Certificate No. 30466501 for Rs. 53800/- which were to mature in April 2009.

I have written to the UTI Investor Services regarding this in 3 letters reminding them of the same but have had no reply from them so far.

I would be grateful if this amount is released at the earliest.

Yours faithfully

Waheed Naqvi

unit certificate no.: R[protected]
no. o[censored]nits: 100
name o[censored]nit holder: Sneha N Prasad
name of the applicant: S N Prasad
date of maturity :[protected]

My father mr. s n prasad, in the year 1993 (29th oct) invested money in the rajlakshmi unit scheme in my name sneha n prasad. The scheme matures on 29 oct 2009.

1. I wanted to know the procedure to receive the amount at the time of maturity.
2. The date of birth in the certificate and the original date of birth differ, if this will be a problem, in that case i want to know how to go about in solving it.
3. I have put up in jayanagar, bangalore, the certificate is in my name (sneha n prasad) and i want to know whom to approach for further activities.


kindly oblige and furnish the details for my queries at the earliest.

thank you

regards,
sneha n prasad

I HAVE INVESTED IN THE ASUBJECT SCHEME AS UNDER

CERTIFICATE NO. NO O[censored]NITS NAME O[censored]NIT HOLDER
[protected] 130 KUMARI ARCHANA
[protected] 130 KUMARI ARCHANA
[protected] 130 KUMARI ARCHANA
[protected] 130 KUMARI ARCHANA
[protected] 130 KUMARI VIDYA
[protected] 130 KUMARI VIDYA


AT THE TIME OF INVESTMENT I WAS EMPLOYED WITH vIKRANT TYRES LIMITED,77, FAZAL GUNJ, KANPUR. SUBSEQUENTLY IN 1993 , I WAS TRANSFERRED TO THEIR MYSORE OFFICE AND NOW , I AM RESIDING IN MYSORE #687, IIND STAGE BOGADHI EXTENSION, PRASHANT NAGAR, MYSORE -570 026.

I WANT TO KNOW THE PRESENT VALUE OF THE ABOVE INVESTMENT AND HOW AND WHEN I WILL GET THE REFUND OF THE AMOUNT.

To
The Chairman o[censored]TI Mutual Fund
Mumbai


Sub :- Did not Get My Redemptiom Amount Still Now ( Folio No.[protected] Master Gain 92

Sir,
I Ram Kumar Layek. I have 400 unit Master Gain 92.My Folio No.- 2047964. I deposited My 400 unit Master Gain in your UTI Office (Durgapur, West-Bengal ).dated 05/12/2003 for redemption. But sir, still Now I did not get any redemption amount.Then I wrote letter in your department But sir sorry to say your department reply me that the repurchase Cheque No.31649 ( Rs. 7004.00) has been sent my mentioned address & also write this amount enchased from SB A/C 2571 SBI ( New A/c No.[protected]) , Kajora Gram Branch. But sir as per my bank pass book informed me such type of cheque was not enchsed from this account.
So, Sir I again I requested you please send my redemption amount with interest neither I take legal action through Court.
Thanking You.

Yours Faithfully
Ram Kumar Nayak
Vill & Post - Kajora Gram
Dist. - Burdwan
West Bengal
M.No. - [protected]
E-mail - niloy.[protected]@rediffmail.com

Enclose :-
Scan Copy of Bank Pass Book.

Copy to :-
The Chairman of SEBI, Mumbai

Sir,
I had brought this Unit trust of India Rajlaxmi Unit plan (II) [RUP (II)](CLAUSE XI) ,Membership No. [protected] dated 17/11/1997, in the name of my daughter NUPOOR NITIN MAVLE date of maturity being 17/11/2016. till date I have not received any status about this .I have heard that this scheme does not exist any more. so kindly advice what should I do.
Regards. N S Mavle...

Sir/Madam

I am having the following certificates. Please tell the current values of the below said certificates and tell me the process how to encash the certificates and process of transfer of the certificates in the name of my grand children.

1.UNIT TRUST OF INDIA - UNIT SCHEME 1964(CLAUSE 11) CERTIFICATE NO.[protected]
2.UNIT TRUST OF INDIA - UNIT SCHEME 1964(CLAUSE 11) CERTIFICATE NO.[protected]
3.UNIT TRUST OF INDIA - UNIT SCHEME 1964(CLAUSE 11) CERTIFICATE NO.[protected]
4.UNIT TRUST OF INDIA - UNIT SCHEME 1964(CLAUSE 11) CERTIFICATE NO.[protected]
5.UNIT TRUST OF INDIA - UNIT SCHEME 1964(CLAUSE 11) CERTIFICATE NO.[protected]

Send me the details as early as possible.

Regards
K.V.V.SUBBA RAO

Sir,

I am not able to know status of the following unit sertificates:

1) Master Equity Plan-1992 Membership Certificate No. MEP[protected]
2) Master Equity Plan-1995 Membership Certificate No. MEP-95-[protected]

Please arrange to provide the status.
My contact details are also changed. I need procedure to change the address and contact details.

Thanks
Om Prakash Shringi

My complaint is already lodged with Consumers Complaint.in with repeated reminders
since June, 2009. In fact my US64 BONDS No.18081016 & 18081024 vide Investor ID No.
93829972 were due for payment on Maturity in June/July, 2008 and accordingly
I surrendered the original document and sent the same through courier to UTI's address
i.e The Administrator of the specified Undertaking of the UTI, Plot No.3, Sector 11,
CBD Belapur, NAVI MUMBAI-400614. Till date the maturity amount of Rs.12800/-
against above referred Bonds is yet not received by me. Kindly help getting me my
hard earned money.

Thanks & Regards,
KULDEEP KUMAR
300, Rishi Nagar,
Rani Bagh, DELHI-110034
Mob.[protected]

Rs.12097/- were converted from US 64 bonds to UTI leadership fund vide UTI TSL letter no. 57316183 dated 11 Jan 2008.US64 bond certificate no 27650155
Till date even after several follow ups with UTI MF, UTI TSL, Karvy Computer share I have not received the statement of account for UTI leadership fund.
Unfortunately every agency is pointing towards other agency and in the end I am helpless and unable to get any response. I am 84 years old and have made a lot of correspondence and numerous phone calls but all in the vain.
Request for immediate redresal of the compaint.

the folio number is [protected] under uti opportunities fund .Desptie several requests to KARVY mfs narayani mansion madhapur Hyderabad. they are giving a stereo typed response . The address proof photoidentity copy of PAN card was also submitted twice. But wituout examination of my grievance they are sending a stereo typed letter. My address is Mr sabbella Ammi Reddi, H>No.5-92/1, GOLLALA MAMIDADA, BICCAVOLU TALUQ, EAST GODAVARI DISTRICT.533344.

Dear Sir,

I am holding shares under CCCF-93 Unit plan since 1993. My folio No [protected].

I have shifted from my old reswidence ( 15/11, Bhyreline -4 Kasba, Vellore) to my new permanent residence at No. 2, Yaqoob Saheb Street, Kasba, Vellore-632001.

I have not received any communication since 1.11.1996. It would be appreciated if this is look into and send the up to date statement of account and proedure to withdra from the fund for education.

Thank you
anwar basha

Dear Sir/Madam,

In the month of July 2008 I surrendered my original UTI's US 64 Bonds No.18081016 &[protected]ID No.
[protected] for release of redemption value of Rs.12800/. Till date neither I received redemption valuw
nor any reply from them. I have already written th Consumer complaint Forum in June 2009 but have recd.
no information through them also.My original papers were sent through Courier in July, 2008 to the
address The Administrator of the specified undertaking of the Unit Trust of India, Plot No.3, Sector 11, CBD Belapur, NAVI MUMBAI-400614.
You may please get expedited the issue on priority.

Thanks & Regards,

I opened uti mutual fund (sip) account in your investment plan.my folio no is [protected].
My first installment transferred on14/12/2007 after that deduction was going on regularly from my account till march 2009 an amount of 1000/-.After march 2009 there is no deduction from my account
what is the reason let me know.further if you dont want to continue then what is the procedure to withdraw it.my investment is on UTI-INFRASTRUCTURE FUND-GROWTH PLAN.i have taken this plan by a broker; anit mishra(ARN-31582)

REGISTERED A.D./SPEEDPOST
To,
M/s Unit Trust of India, Mutual Fund Division
13, Sir Vitthaldas Thakersey Marg, New Marine Lines, Mumbai 400-020

Dear Sir,
SUB- DELETION OF NAME OF IST APPLICANT LATE HARNANDAN SINGH
IN THE FOLLOWING SHARES O[censored]NIT TRUST OF INDIA .

Sl No Regd Folio Certificate Nos Distinctive Nos
From - To No of Shares
1 TR 110519/
FOLIO 276926 00930900 [protected] - 6262 100
2 TR 110518/
FOLIO 276926 00134375 [protected] - 500 100
3 MFA89640 C04317510 [protected] - 6435 33
4 MFA89640 C01112742 [protected] - 7894 33
5 MF276926 C02765917 [protected] - 5842 100
6 MFA89640 04317509 [protected] - 6402 100
7 MF276926 C01179903 [protected] - 2073 66
8 MF276926 C02765916 [protected] - 5742 100
9 MF276926 C02765918 [protected] - 5908 66
10 MF276926 E00686614 [protected] - 9392 100
11 MF276926 E00686615 [protected] - 9397 5
12 MF276926 E00686616 [protected] - 9398 1
13 MFA89640 E02172284 [protected] - 3415 50
14 MFA89640 E02172285 [protected] - 3417 2
15 MFA89640 E02172286 [protected] - 3418 1
16 TR463772 /
FOLIO A89640 00851082 [protected] - 8280 100
Total 957

With reference to above, I have to advise that the above shares were
held in the name of Late Harnandan Singh (Ist Holder )being my father and
myself as 2nd holder. My father Late Harnandan Singh passed away in 2005.

2.Please send the required formats for completion o[censored]sual formalities for
deletion of name of the Ist holder (deceased ) and please arrange to delete
the name of Late Har Nandan Singh, deceased ( my father) and keep
my name (Virendra Kumar Singh ) as sole holder as my name is recorded
in the shares as joint holder.

Yours sincerely,

(V.K. Singh )
Patna –dated 22nd June 2009
reminder 7th july 2009

Both my bonds in the names of R.K.Aggarwal Investor ID : [protected] and R.K.Aggarwal and Sons HUF Investor ID : [protected] respectively should have matured by now. You already have my ECS mandate for both the investments. Can you please check at your end as to why have these amounts not been transferred to my accounts on maturity.

I will appreciate hearing from you immediately on the status of above bonds and transfer of amount to my savings accounts as per ECS mendate already available with you.

Thanking you,
R.K.Aggarwal

I have 300 nos. units o[censored]TI Mastergain - 92, regd. folio no. MG 92 N3998593 with unit certificate nos.[protected], and having distinctive nos. from [protected] - [protected]

Till this date I have NOT received any statement of accounts since its inception.
Neither any other news comes from UTI regading this scheme.

UTI must live upto its reputation and provide its investors with correct & timely statements in above scheme

Aarshabhi Kumar Agarwal
Investor Id [protected]