SEBI’s unclaimed-fund data is a reminder to keep records current

Unclaimed mutual-fund wealth grows when investors or nominees lose track of folios, dividends, bank details or contact information. The issue affects retail savers as well as business owners who hold investments through a company or family structure. Recovery is possible through official processes, but poor records add delay and documentation risk.\n\nInvestors should update contact and bank information with the fund house, record nominations and keep statements in a secure place. Businesses should also make sure that authorised signatories and succession records are current. No investor should share passwords or pay an unofficial intermediary to recover money.\n\nBusiness Meridian will explain regulatory and financial news through the practical controls that protect capital and records.