My 78 year old illiterate grandmother lives alone. Her banker suggested a scheme having more Interest rate than her existing Fixed deposits that she had in the bank. Upon her suggestion she agreed to invest in such a scheme. The banker never told her that she was investing her money in a MF. My grandmother requested some paperwork regarding the investment several times but the banker never provided any. After 1-2 months I somehow got to know that her money was invested in a MF of which the portfolio allocation to equities was more than 65%. This, I believe was done by the banker only for making more commissions at the expense of my grandmother and she never understood anything as she is an illiterate. Commissions on Equity schemes are more than debt schemes I believe. She incurred a loss of Rs.80,000 which she cannot bear as there is no one to provide her for daily expenses. WILL the SEBI hear my plea and make the bank reimburse her for the loss incurred and also provide a compensation as this is close to the definition of a fraud.