DWS PREMIER BOND FUND, FOLIO NO. 2102752656
COMPLAIN AGAINST DEUTSCHE ASSET MANAGEMENT FOR CHARGING WRONG EXIT LOAD ON MUTUAL FUND INVESTMENT

I have asked from DWS MF (DEUTSCHE ASSET MANAGEMENT, 2nd floor, 222, Kodak house, Dr. D.N.Road, Fort, Mumbai-400001) regarding exit load applicable from 1-9, they replied “DWS Premier Bond Fund: Regular, Institutional and Auto Sweep Plan: 0.50% if redeemed/ switched outwithin 90 days of allotment.”

For reference I have attached with this E mail all the reply I have received from DWS.

On the basis of this I had given redemption request on 22-9 (my investment was on 27-5).

But they have charged 1% exit load on redemption as investment was less than 1 year.

MY GRIVIENCE:

As I have asked about the exit load with detail of my portfolio, they should have mentioned that in my case exit load will be applicable, as my investment was before 1-9.But now they are saying that interpretation is I will be charged exit load.

I request you to take up this matter with appropriate authority as they are not paying me correct redemption amount i.e. without exit load. Action should be taken against DWS for harassing investor & appropriate compensation should be paid.

Company: DWS PREMIER BOND FUND, FOLIO NO. 2102752656
Country: India

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