Kotak mutual fund offers some good funds. It was referred to me by Citibank. I invested in Kotak fund through Citibank. I got decent returns until I was invested in the scheme. After 4 months, I wanted the money and applied for redemption to Kotak Mutual.
The problem started here, they took ages to redeem my fund. I had to write to them several times, before I got my money credited back. They follow the gospel, settle the redemptions in T+4 days and stick to it religiously. Even though you will exit from your fund on T day, you will not get your money credited until the 5th Business day(they work from Monday to Friday only). So they keep your money unethically for close to a week denying you return on your hard earned money.
So beware of such unethical practices and invest with care