Thanks for the comment machan. This happened while I was trying to split my savings from NDB wealth among other reputed unit Trust funds. Hopefully this will get resolved but I feel CAL should have at least sent me an email regarding the cancellation. Never had such an issue with NDB wealth to be honest.I'm sure it's an accounting delay. CAL is a regulated company. So in this particular case, I don't think you have anything to worry about. Hopefully, this will get fixed after the long weekend.
Regulated or not, every company can go bust. That's a different story. So don't put all your eggs in one company.