Consumer Redressal

Dated: 28.07.2012 To The Head, Ambala District Consumer Disputes Redressal Forum, Old SDM Office Building, Near DC Office, Ambala City – 134 003. Subject: Complaint regarding investments in ICICI Prudential Mutual Funds. Dear Sir, I would like to inform you on my behalf as well as that of my wife that we had invested Rs 4.00 Lakhs each in ICICI Prudential Mutual Funds’ investments in MIP 25 fund through the erstwhile Bank Manager Mr. Devashish (Ambala Cantt Branch) and another Bank Officer Mr. Rimple Sharma (Ambala Cantt Branch) in Feb. 2011. But during the last 15 months somebody had been manipulating our signatures and getting done the switch overs four times as follows: On 15-April-11 Switch out from MIP 25 to Balanced fund On 15-Jul-11 switch out from Balanced fund to index fund on 18-07-11- Switch out from index fund to focused fund On 29-02-12 switch out from focused fund to Balanced fund Similar switch overs were done on both the investments on similar dates. When we approached the ICICI Prudential Funds for showing us our switch over signatures during the above periods, they say we cannot show the same as per the Bank policies. The correspondence generated during this period is attached herewith. We want justice and want the ICICI Prudential to give us the payments: (i) Difference of amount due to us as if no switch over has been done (ii) Plus panel interest for nonpayment as per existing rules on date. (iii) Exemplary financial punishment to the ICICI Prudential Mutual Funds and the ICICI Bank, Ambala Cantt branch (LIC Building, Jagadhri Road), Ambala Cantt-133 001 for causing harassment and not showing transparency. Thanking you, Yours truly, M.L.Mago / Sudesh Mago Folio No. 5517445/36 Sudesh Mago Folio No. 5517671/37 74, Rajindra Park, Ambala Cantt- 133 001. Mobile No.98961 14701 Email : mlmago2003@yahoo.co.in