ICICI Prudential MF
Non Receipt of Redumption proceeds

I had submitted for redemption folio no 3135600/66 pertaining to ICICI Prudential MF on 16/9/09. Till date I havent received credit into my account.

When I called ICICI MF's toll free no, they informed that there was a possibility of rejection of ECS and that they would get back to me.

Nobody had bothered to revert back to me or inform me about it.

I find that settlement which should ideally done in T 2 days has reached no where.

Under the circumstances, ICICI MF should either pay me interest for delayed payment or pass on the benefit of higher NAV as this delay has happened entirely due ICICI's fault and that since the SIP instalement was debited to the same bank account, I see no reason whatsoever that credit should be rejected.

I hope that this case is taken up immediately and revert back to me asap.

C Sunda