Kotal Global Emerging market fund
Pay order made wrong name

Dear Sir,

I had invested 5000/- in Kotak Global emerging market fund on the name of my doughter Janhvi, that time my daughter was 2 years old. On 31st Dec-09 we had applied for redemption. After sixteen days we have received a message from Kotak Mutual fund that your redemption in Follio 947542 has been received and cheque will be dispatched to your address.

When we have called to Kotak AMC office they told me that your cheque has been dispatched to your address & it’s on the name of Janhvi.

It’s fault of Kotak mutual fund because my daughter is minor (4 years old) and she has no account, how they made the cheque in favour of doughter’s name where as at the time of purchased we had mentioned my account details.

Regard's

Manoj Gupta

9807199777 & 9415592323

Company: Kotal Global Emerging market fund
Country: India

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