This is a discussion on Waiting for Mutual Fund Redemption Money within the Mutual Fund forums, part of the Investment category; Dear Sir, I wish to lodge complaint against Kotak Securities I have an account with Kotak Securities, Client ID: JDBG1 ...
Waiting for Mutual Fund Redemption Money Dear Sir,
I wish to lodge complaint against Kotak Securities
I have an account with Kotak Securities, Client ID: JDBG1
On 18th Nov 2010, I ordered for the redemption of all units of Reliance Mutual Fund Growth, so 590.46 units were put on redemption for an NAV of Rs. 118.66/=. This was vide Transaction iD: 618275
Total amount due to me vide the referred Transaction id is Rs. 70063.98/=
Today is 14th Dec and the transaction was done 26 days back, so far I have not received the redemption proceeds.
I request you to please take this matter on an urgent basis, I would appreciate if the redemption amount plus due interest is paid to me at the earliest
Thanks,
Jyoti Chadda
Client ID: JDBG1 with Kotak Securities
Thanks,
Jyoti Chadda
Demat id: JDBG1
Junior Member
Hi dear...
We have noted your details and i have personally forward it to the concerned officer desk . I hope you will soom recieve your redemption proceeds.Please have patience and confidence and i advise you to if you don't recieve it with in a week then you should go and hold a meeting personally.
Aedan
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