I am an investor with reliance mutual fund for last around 2 years with total family investment of more than 3 lac rupees with reliances’ different schemes including the insurance.It has been seen that reliance has out sourced its operations to one of the worst company in the business; karvy earlier when i submitted the redemption request on 9/04/2009 it was rejected , the reason given by the company was signature mis match which as per my understanding were absolutely alright,however as per the direction of the company i got the signature attested by the oriental bank of commerce in which i have the account and i had to pay rs 58/= for no fault of mine and got the redemption request processd .
i again requested for the redemption of my remaining units of accont no 41856132875 on 20/05/09 ,which again has been declined by the company for the same reason that my signatures did not match which is completely unjustified and indicates the malafied intentiuon of the company to keep the hard earned money of an investoras my attested paper is already lying with the company and since the payment is always issued throug cheque so there is almost no chance of fraud.It seems that Reliance has made it a single point agenda to lure innocent investors and harrass them. The constant harrassment by the company has made my resolve more strong to not to invest any money with them,i feel realy sorry for these poor people who have become part of the evil group who by out sourcing is harrassing people by calling them number of times every day for investment.
I may be given my money on the NAV of 20/05/09.
Sachin Mittal
h.No556, Sec7/B
Faridabad