Unclaimed money in mutual funds shot up 20% in 2024-25: Over Rs 3,400 crore of unclaimed dividend, redemptions lying with MFs, says SEBI
Unclaimed money in mutual funds shot up 20% in 2024-25: Over Rs 3,400 crore of unclaimed dividend, redemptions lying with MFs, says SEBI
Unclaimed dividends and redemption proceeds in mutual funds have surged to ₹3,452 crore in 2024-25, a 20% increase from the previous year, according to Sebi. Outdated contact details, fragmented holdings, and lack of nomination are key reasons.
Unclaimed dividends and redemption proceeds in mutual funds have surged to ₹3,452 crore in 2024-25, a 20% increase from the previous year, according to Sebi. Outdated contact details, fragmented holdings, and lack of nomination are key reasons.