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48%
2.71 

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hyderabad India
UTI Mutual Funds - Please do not invest
Aug 21, 2014 07:41 PM 28379 Views

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My mom had invested some amount in 1995 that is Rs X on my name . I was 8 years old. The amount now in 2014 has become X+.6X that's it!


Their ULIP policy is not transparent and they cheat people.The problem is today when I am 26 years and I want to buy all units from UTI. they are asking me to submit address proof of the house where I stayed in 1995.( submitted my parents address proof though)I submitted by new address proof and account no. associated to that.


I got a sms saying your request no. 11017768995 could not be processes as you do not have old address proof. I wanna understand why do they want old address proof when I have submitted everything on my current address.They are finding new reasons to stop us from buying all units.


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