I am a software professional and got to know Right Horizons when I was in Hyderabad. I have been associated with them for close to 10 years or more now. I started my investment in mutual fund through them and remained invested for a long time. Once my mutual funds reached a sizable amount, Right Horizons consultant approached me and convinced me to take out the money that I invested in mutual funds through them and invest 10 lakhs into one of their’Guaranteed’ investment plan where they gave me in writing, email and PPT that I would get 18% returns after remaining invested for 1-2 years. I believed them to be true and invested 10 lakhs.After the due period completed, when I followed up with them and asked them for my principal amount and the 18% return on it, I was surprised when they said the money invested went bad as the company where they put the money went bankrupt!
But Anil Rego and Rachna Rego(Company CEO and MD) promised that though they cannot give any return on the money that I invested, they would return back the principal amount that I invested within a period of 2 years. I am following up patiently for the last couple of years and till date they have returned back 4.5 lakh of 10 lakhs that I originally invested. I am assured by Anil Rego that the remaining 5.5 lakhs would be returned to me soon.
It would be highly appreciated if Right Horizons is able to keep its promise and commitment given to small retail investors like myself.I will update this comment and revisit my recommendation and rating once I get back the remaining principal amount that I invested.