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

I Mr. Manoj Kr. Agarwala get statement every quarter but due to my business I before today never got time to check it. Today I got fund statement and I checked it thoroughly and found anomaly in fund statement which I want to place before you.

I started investing in the month of November 2007 through payment by cheque of Axis bank and first cheque was debited to my account on 21.11.2007 vide cheque no. 15362. this process went on till april 2008.In the month of April 2008 I filled up mandate form for auto debit dt. 29.04.2008 for debiting my account from June 2008 to may 2028. In the mean time I had already issued cheque in favour of you vide cheque no. 37821 for the month of May and another cheque No. 15379 was issued at the time of filling Auto Debit Mandate.Both the cheques were debited to my account in the month of May 2008 one on 3.5.2008 and another on 26.5.2008.

But unit alloted for only one amount in the month of May 2008.I invested 27000/- but units alloted for only 26000 which also confirmed by statement dated 15th january 2010.

I have submitted the document to UTI office for redemption on 31.01.2005, awaiting refund since than, ID no.[protected]

Pl do the needful

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.

UNIT TRUST OF INDIA UNIT SCHEME,1964 (CLAUSE 11) CERTIFICATE NO. [protected]
UNIT TRUST OF INDIA UNIT SCHEME,1964 (CLAUSE 11) CERTIFICATE NO. [protected]
UNIT TRUST OF INDIA UNIT SCHEME,1964 (CLAUSE 11) CERTIFICATE NO. [protected]

Dear Sir,

I hold UNIT TRUST OF INDIA-CHILDREN'S COLLEGE AND CAREER FUND UNIT PLAN -1993(CCCF-93) - membership No.[protected] in the name of my daughter S SRINIDHI dated 02.02.2000, the applicant for the above investment being Mr. T S Ramaswamy, my father. We received statements upto 11.08.2003, at the address given in application form ie. 3/346 VASANTHA VIHAR, Thilak Nagar, Iyer Banglow, Madurai 625014.

However, We have shifted our residence to Chennai in 2006 and our Present address is as follows

No.5, OM Apartments
686, 46th Street, 9th Sector
Chennai 600 078.

I would like to have a current statement and the know the procedure for withdrawing the amount.

With Regards
Sripathy R

Actually this is not a complaint. I want to know how update the address on the UTI mutual fund? I am not getting it on the UTI site. Can you help me out for this?

sir,

my father has purchased master gain 92 in 1992. number o[censored]nits alloted to him is 100 with reg.folio no.92 S4647800 and distinctive no.[protected] to [protected]. I want to sell my shares.so please intimate me the procedure of selling the shares.
i wil be very thankful i[censored] provide this information to the above mail id.
thanking you
yours sincerely,

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.