Are you an NRI- Here’s why your money might still be in India
If you are a non-resident Indian, the Indian share market may not be of particular interest to you. However, it might pay to keep track of happenings in the market. Understanding the Indian financial market landscape In 2016, the government of India created the Investor Education and Protection Fund (IEPF) to educate investors and safeguard them from losing control of their assets and stock. Numerous examples exist of investors forgetting to appoint a nominee for their stock ownership. This implies that if an investor dies, their investments, as well as any unclaimed dividend money, are passed to the government. Unless the investor’s lawful heirs file a claim, the government may spend these monies as it sees proper. The IEPF permits and encourages investors to contact the government to request dividends and to have their long-forgotten shares repaid, allowing for the recovery of lost shares . The IEPF was created with the best interests of shareholders in mind, and it aims to pr