On Feb 12, 2008, I walked into the CAMS office in MG Road, Secunderabad with a few Mutual Fund SIP applications and cheques dated Feb 15, 2008. Also included were ECS forms for the remaining SIP payments for each fund. It was 12.30 and the girls behind the counter were winding up for the day. The CAMS office closes at 1.00 p.m. on Saturdays.
Anyway, I submitted my application forms and walked away. One of the forms was for a Fidelity Equity Fund.
Today I received a fat envelope from CAMS and I saw Fidelity through the plastic address window. I put it aside for later and went to have dinner, thinking it was the statement for the first SIP installment.
When I opened it after dinner, I was surprised to see a SIP Rejection Letter!
SIP Rejection Letter from CAMS (click picture for full size image)
Reason given:
Post dated Cheques are not accepted (Except for SIP Plan)
And guess what I had applied for? A SIP!
SIP Application Form (Click picture for full size image)
I have to take the damn form back to CAMS tomorrow. And I think I will do something $%#@*&^## to the idiots there. Also in the plan is a visit to the local Fidelity office.
Fidelity Secunderabad
No 1-8-304-307, 3rd Floor,
Kamala Towers, Pattigadda Street No 1,
(above Mody Ford showroom), Begumpet,
Secunderabad 500003.
CAMS Secunderabad
102, First Floor
Jade Arcade
Paradise Circle
Secunderabad – 500 003
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