Transaction Charges on Mutual Fund

Sundaram Fund Services Issue

Dear Sir,

As you are aware, I’ve been following up with both Sundaram and Fundz Magic since March’11 on migration of data.

I’ve been keeping both of you in loop on many communications in this regard.

The migration has not happened till date.

From my conversation with Mr.Bala of Sundaram yesterday, I understand that Fundz Magic is keep on coming with fresh set of requirements every time and things are not moving forward as desired.

He told me that there is no such issue with other software providers. Since you may be in touch with IFAs using other softwares, you may obtain their feedback also.

I spoke to Saby even yesterday and he said that the process would get over by EOD yesterday. There after I’ve not heard from them.

There are many IFAs who would be using Fundz Magic and like me all of them would also have been affected.

I don’t know whether the problem lies with Fundz Magic or Sundaram or both.

You mentioned last week that you’re working on this issue. What is the status of the same?

Can you do something to facilitate this without any further delay either on the part of Fundz Magic or Sundaram?

Request you to consider this on priority as this has impact on lot of IFAs.

Regards

Muthu

D.MuthukrishnanCertified Financial Planner ^CM(CFP^CM)
Personal Financial Advisor