My father had 4747 units of Axis ELSS parked in his zerodha related CDSL account, I applied for redemption on zerodha coin platform and surprisingly the units vanished and Axis Elss denied paying my dues, stating that I had redeemed my units in 2018. where as my units were only transferred in 2020 to zerodha
They have incorrect data at their end & won't consider the units showcased in the CDSL statement, which is a depository and a statutory body .
I have wasted more than 3 months requesting for my dues from Axis Elss team, upto Axis Bank Managing Director - Amitabh Chaudhary, but they have been declining and don't have appropriate answers in the matter and denying my rightful dues.
Please save your money and invest in gold / any physical goods that have a value since these big corporate mutual funds agencies are not 100% fool proof and can easily deny your payments when it is your time to ask for your rightful dues, even if you have supporting evidence that dosen't matter, they defy anything convenient to them .
I have approached smart ODR channel, which is another waste of time, BSE representative closed my complaint without any resolution process followed when the complaint was raised against zerodha, this is after I wrote my plea to the BSE management(case BSE - SB - 2024 - 05-220547)
There have been more cases of people who have written their experiences after l after facing pains from Axis Mutual fund division.
Incase you did't have any negative experiences, it is good, at-least I don't trust these organizations for my investments in future . There are other safer avenues to grow your investments . Axis mutual funds are "NOT"