News From Press Investors’ complaints against top mutual funds surge 40% in FY 17

Investors’ complaints against top mutual funds surge 40% in FY 17

Source: Moneycontrol Jun 2, 2017

Top mutual fund houses received about 17,569 complaints from investors in 2016-17, a surge of 40% from the preceding fiscal, mainly due to increase in folio numbers.

These complaints pertain to data corrections in investor details and non-updation of changes about address, PAN (Permanent Account Number) details and nomination, among others.

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