Life is Uncertain, one never know about any mis-happening. In our country which is pre-dominantly considered to be a male dominating society, most of us do not share the various Investment details with their spouse or other family person. It is not that we do not like to share the investment details with spouse or any other family member, it is just complacency or you may say spouse not taking interest to take not of it…….But think of a situation when you are not there to tell and then one cannot imagine the pain the family would go through to realize those investment done by the earning members in various forms such as Shares , Mutual Fund, Insurance etc.
The Unclaimed Investment: We may Call it a ‘black hole’ of investor wealth. There are no takers for crores of money stuck up, literally! Various financial instruments such as Old Shares, Mutual Funds, Old Insurance, In-operative bank accounts, Provident Funds and post office deposits carries the ‘black hole’ of unclaimed money that nobody claims year after year.
Some data suggests that more than Rs 2 Lakhs crore worth of money is stuck up in shares which are in physical form
If we notice beyond the capital markets, the amount is no less mind-boggling. A whopping Rs 60,000 crore is lying in equally crucial instruments of dormant bank accounts, inoperative provident funds, post office savings schemes and matured insurance policies, involving crores of investors. “This is such an issue that bothers every household. We prefer to ignore it despite the chronic presence in our daily life”
What to do to avoid this scenario : Once should keep a proper record of their investment whether in paper form or in electronic media. Someone in the family should be aware about all the investment made by the investor so that in case of exigencies, there is someone who can dealt with those papers.
One should also get the will executed to avoid any future litigation.
You and Your Family Deserve to preserve your Investments so that the same can be help to you to sail through troubled time
To conclude, your wealth whether earned by you or inherited by you, please do not let those investment just ruined in old papers. Convert it in liquid cash with the help of expert who can help you recovering your old investment
Share Samadhan is an Organisation who has taken an plausible initiative where in you may share your investment details without even giving them any investment document or disclosing the amount of investment and Share Samadhan will issue a card with unique ID to your family person so that they can contact them in case of any emergency. This initiative by Share Samadhan acts as a saviour to those who need not explain the nitty gritty of all their investment to their family but by just having the card issued by Share Samadhan, ones family can reach for any assistance in-terms of claiming their investment in case of any mishap to the core earning member in the family.
