Kotak Mutual Fund
Delayed payment and services

Ref: Kotak Opportunities- Growth Mutual Fund Folio No.1849706/58.

I had requested for redemption of my above mentioned SIP on 22.06.11. On 25.06.11 I received a mobile alert from TD-Kotak stating that the said SIP has been redeemed and the proceeds has been directly credited to my account. But the amount was transferred through NEFT only on 05.07.11 after 10 days. But the transaction got rejected and the funds were returned since my name mentioned in the beneficiary field by the sender of the funds was incomplete (It was mentioned as Kollengode Narayanaswamy instead of Kollengode Naryanaswamy Jyothi). The rejection memo received from our bank is attached for your reference.

I regret to say this but it is a mistake on part of the sending bank that the funds got rejected. Please transfer the funds back to my account by mentioning my full name " Kollengode Narayanswamy Jyothi".

I had sent a mail to mutual@kotak.com on 06.07.11, but no response received till now.

Company: Kotak Mutual Fund
Country: India
State: Maharashtra
City: Mumbai City

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