There is an estimated 37,300 crore rupees lying unclaimed in shares, mutual funds, and other savings schemes.
While long-term investments are encouraged and generally viewed as a good investment practice, there are also investors out there who have invested in shares a long time back and have forgotten about them.
These forgotten investments are known as abandoned shares and they end up adding little value to the investor. Such investors are usually senior citizens, who in the beginning keep track of their investments but as they age, they tend to forget the details or misplace the papers.
Those investments which remain unclaimed for seven years, end up under the custody of SEBI’s Investor Education and Protection Fund. Asset Tracers India can locate such investments with our database search and expert research analysis.
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