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L&T Mutual Fund

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L&T Mutual Fund
Mihi Dase@r0ck
Nov 05, 2013 11:32 AM, 14575 Views
Beware of L&T Mutual Fund

Every customer who invests in mutual fund ... get the moment of experience about the company when s/he goes for redemption, this differentiates between actual customer service or mere lip service in form of processes.


I had invested in Fidelity MF which was bought over by L&T MF. While investing I had mentioned an old bank account (which is no longer operational). It’s ridiculous to expect an investor to necessarily have document/s pertaining to old bank details, when the new bank details along with cheque leaf is provided.


Their service centre CAMS - they asked me to submit self attest document, duly filled bank change request form along with a cancelled cheque leaf of new bank. This got rejected!!


So now for redemption of my own money (which I really needed before diwali) I have to adhere to their ridiculous 2/3 processes!


What a shame they bring to their parent company.

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