Location/place: VISAKHAPATNAM
Name of company/service: SUNDARAM MUTUAL FUND
Company Sundaram Asset Management Company Folio SBBNAA193362 Div SUNDARAM Leader ship fund 2,00,000/ (23/11/07) AS ON DATE (Aug 2012 ) 1,10,000/ —– Swallowed by deficiency in service Rs 90,000/ in a capital collected of Rs 2,00,000/ Folio SBBNAA972092 Div Sundaram Capex Opportunities 1,25,000/ (12/10/07) as on date 45,000/ (Aug 2012)—–Swallowed by deficiency in service Rs 80,000/ in a capital collected of Rs 1,25,000/ I have raised this failure of the organisation in protecting my capital at least, and returning the same. The trustees / Fund managers / customer services are thick skinned personnel to react even positively apologizing for their in-efficiency and the matter is taken to all concerned in Sundaram Mutual and SEBI. Ms Shalini Rao claims that it is their right to loose capital and risk means total risk of loosing everything let alone dividends.If mine alone is about Rs 1,70,000/ that is swallowed , you can image in whole of India it can be crores of rupees, these people have mismanaged and swallowed . Having swallowed so many crores , spending a couple of laks to silence , those people who have been placed to question them , must a child”s play for these white collar criminals. My request is to make it reach Finance ministry / PMO who can pull up SEBI and such MF companies forcing them to return the capital invested by investors. SUNDARAM bluffed by quoting capabilities which are not there. They are just a bunch of hollow people My request is to send it beyond SUNDARAM & SEBI as these people are negative and do not understand the pain of Senior citizens.It is their failure to withdraw at appropriate time from the markets. I want my total capital as I am a retired Senior Citizen who have been bluffed and never been informed that I can loose my capital. Am I a fool to invest still? Regards P.SOMASUNDAR rAO / P.GIRIJA Senior citizens.
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