[Resolved]  Unit Trust Of India Mutual Fund [Utimf] — Rajlakshmi unit scheme

Address:

New Delhi, Delhi, 110075

My grandparents invested in a total of 700 units under the above captioned scheme and the total amount due upon maturity was a total of 1, 47, 000 rupees. The maturity date was in the year[protected]. When I went to submit the redemption form I was informed that the amount will be credited in my account within a month and to my utter shock the amount that was credited was only 23, 000 rupees. Upon further inquiry I was informed that the scheme has been discontinued and the amount due as of in the year 2004 has been credited. Internet search results mention discontinuance of the scheme in the year 2000 whereas the information given to us is completely contrary to these news publications. Further, the certificates issued in my sister's name, the maturity date for which were way after the alleged date of discontinuation, rendered the complete amount as due and promised under the certificate.
Kindly disclose complete details of this alleged discontinuation of the scheme and specifically the notification, section, paragraph where the retrospective effect of the discontinuation is mentioned.