Listen to this article
An analysis of AMFI data reveals that investors filed 8,254 complaints between Dec 2021 and May 2022. Of these, 2,904 complaints pertain to issues like non-receipt of transaction OTP, non-receipt of transaction SMS/email, SIP registration status and so on.
Another 2,574 complaints were about incorrect data. Additionally, investors filed 803 complaints about non updation of changes viz. address, PAN, bank details, nomination, etc. Other 589 complaints were towards delay in allotment of units.
Here is a detailed break-up of the complaints filed over the last six months.
The data covers complaints report (including complaints received through SCORES)’ of the top 15 fund houses that reported the highest average AUM in Mar 2022.
