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Consumer Report

India
The following is a consumer report of the Mutual Funds from SBI Mutual Fund Trustee Company Private Limited. It contains statistics of consumer complaints, consumer court data, consumer cases, customer criticisms, customer praises, consumer reviews and public interest in general about the product. This consumer report is only applicable to consumers in India.

SBI Mutual Fund Trustee Company Mutual Funds

SBI Mutual Fund Trustee Company Mutual Funds image
From SBI Mutual Fund Trustee Company Private Limited
In Finance > Wealth_Manag... > Mutual_Funds
Approximate Price INR .00
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(Rank out of 39)
Report Effective Date Feb 04, 2012
Daddy Says ''This Product is too new in our database to provide an opinion about.''
Product is below average

Consumer Satisfaction

4.41
(Below Average score out of 10.00)
A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors and invests it in stocks, bonds, short-term money market instruments, and/or other securities. SBI provides SBI Debt funds. The invesment objective is to provide regular income, liquidity and attractive returns to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, Bonds and Money. SBI funds are SBI Arbitrage Fund, SBI Bluechip Fund, SBI Magnum Balance Fund, SBI Magnum Comma Fund, SBI Magnum Income Fund, SBI Magnum Global Fund.
Consumerdaddy has no affiliation with SBI Mutual Fund Trustee Company Private Limited, any of its competitors, any consumer complaint redressal agencies, consumer courts or consumer forums. Consumerdaddy does not endorse or disapprove the use of its products and merely supplies data regarding consumer complaints, criticisms, praises, reviews and public interest in general about this product reported to us by our website customers / visitors. Data provided in this page is provided as is, without any implicit or explicit guarantees regarding its completeness, accuracy or reliability. Usage of this page must be strictly in accordance with the  terms and conditions of the website. The words consumer and customer are used interchangeably in the industry, so consumer complaints can also be referred to as customer complaints.Consumer Report for India
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Consumer Comments

 
 
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Consumer Reviews and Complaints

 
 
SBI Mutual Fund Trustee Company Mutual FundsProduct is Worst
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Mutual Funds  by SBI Mutual Fund Truste...
Complaint 4 Months ago by kartha32CSL 4.42
I have purchased SBI LIfe Unit Plus in 26.03.2008, I have paid Rs. 25000/- as policy charges and they have allocated 1820 units under half yearly premium scheme. My policy number is 24044944701. I have paid only 1 premium for the above policy and subsequently lapsed my insurance coverage and finally at the end of 3 rd year on 26.03.2011, I have applied for surrender since it was in a lock in period of 3 years. I have given my bank account details and ifsc code for ECS purpose as they asked for that. After a long time and several telephone calls, in 19th Sep-2011, I again made a telephone call to 1800-22-9090 to their official toll free number. They told me that since I have paid only 1 premium you are not entitled to surrender and refund the amount invested by me as per the conditions of the policy. If a policy like this is by renowned company like SBI Life, How a small investor (Salaried class) like me will get proper judgment. I want them to cancel the policy and refund the money.
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SBI Mutual Fund Trustee Company Mutual FundsProduct is Worst
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Mutual Funds  by SBI Mutual Fund Truste...
Rated 0.60 2 Years ago by AnonymousCSL 4.42
I have never seen such unprofessional people like SBI executives. I hold State Bank Of India Mutual Funds and according to the plan, I am supposed to get the dividends in full without any deductions. Since it was not happening, I reported the same through many emails and letter and finally a sloppy action was taken. The problem got filed as an issue of wrong address. Until date my issue remains unsolved
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SBI Mutual Fund Trustee Company Mutual FundsProduct is Worst
Click here to submit a complaint for SBI Mutual Fund Trustee Company Mutual Funds
Click here to submit a review for SBI Mutual Fund Trustee Company Mutual Funds
Mutual Funds  by SBI Mutual Fund Truste...
Rated 0.40 2 Years ago by AnonymousCSL 4.42
I bought SBI Mutual Funds for my husband in the year 2007 of about Rs. 30000. Till date I have not received a single statement from the bank. I have no idea whom exactly I should approach for this. The bank officials keep beating around the bush and speak in banking terms which sounds more like Greek and Latin to me. Is this the way consumer s are served in any bank
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