Grievance and Compliant against HDFC Mutual Fund
3 years ago
I am a 70 years old retired person. Me and my wife have been investors with HDFC Mutual fund since September 2016 and have had high regards for the Fund . I started my investment with HDFC Prudence Fund - Dividend Plan. Until 2018, the fund showed consistent and good performance . Post SEBI circular dt Oct 6,2017 on “Categorization & Rationalization of Mutual Fund Schemes”, HDFC Prudence was merged with HDFC Growth Fund to form HDFC Balanced Advantage Fund .
We are of the opinion and belief that we have been lured in a deceitful manner by the misleading information published in the pamphlet of HDFC Mutual Fund dated 20 June 2018.Thereby , we incurred huge capital losses to the tune of Rs 57 Lakhs (jointly by me and my wife) due to continuous poor, non performance and misled fund.HDFC -BAF was wrongly pushed by HDFC stating that it retained same attributes & investment philosophy of earlier performing HDFC Prudence Fund. We are seeking legal guidance based on % of recovery basis only.
The following information is exhaustive in nature
How To Register a Complaint Against Housing Society/Any other Trust/ Professionals/Builder as defined below.
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https://www.icrpc.org/icrpc.org.contact.htm
International Consumer Rights Protection Council
Consumer Court entertains consumer complaints against defective product or service. Bima Lokpal, Lok Ayukt, Lok Adalat are also places where complaints can be filed.
If you want to file complaint against builder, insurance company, housing society, bank, educational institute, hospital, doctor, railways, municipality, airlines, transport, school, college, manufacturer, dealer, etc. you can file your complaint here on this website. The process is very simple.
Rameshwar Dadhe
Responded 3 years ago
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