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.
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Rameshwar Dadhe
Responded 3 years ago
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