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Home > Personal Finance > Capital Market Equity and Mutual Funds > HDFC Mutual Fund > Don't invest. Check other options.
HDFC Mutual Fund
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As HDFC mutual fund is considered to be good and got positive reviews I decided to invest in it. But it was a wrong decision. I invested SIP in 3 different finds of HDFC. However after 2 months for no obvious reason they cancelled my mutual fund. I contacted the MF executive and he told me he would find out what happened. he then told me that "they also do not know" why it got cancelled. As if that is not bad enough for 2 months they started cutting ECS return charges which is a type of fine. They cut around 5000 rs altogether! When I contacted him again they said "they agree it is their fault and they will see what they can do". Well all in all my mutual fund has closed for no reason and also I have been charged 5000 for also they do not know the reason. I am still waiting hoping to get the fine refunded but I am not sure
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