ICICI Prudential Complaint - ICICI Prudential Retirement Fund is Fraud - ICICI Prudential Retirement Fund

Complaint

Review by sunny313 on 2010-03-09

ICICI Prudential Retirement Fund is a fraud. I invested 1.2 lakhs in 2007 and they return 20k(Rs) in 2010 citing no reason and that the balance is this much. There explanation from the branch is that this retirement fund expects deposit every year for some amount, barring which, expect it to reduce to low low amounts like in my case. God only knows what they put in terms of service and there document which they make us sign using attoney language for a common man, and not telling the simple facts that you have to keep investing each year. What a fraud. Stay away from them.