I had units of Infrastructure Advantage series i of UTI, a close ended scheme. The organisation and the concerned Registrar failed to refund the amount as promised in their communication. Three years of investment in the scheme resulted in huge loss. No dividend over three years, and the absolute value of the capital was eroded by about 20%.
The saddest point is that the MF company (UTI) and the Registrar ( KARVY) are simply evading queries.