Sebi, IEPFA hold second 'Niveshak Shivir' in Hyderabad to help investors with unclaimed assets

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Market regulator Sebi and the Investor Education and Protection Fund Authority (IEPFA) jointly organized the second edition of the 'Niveshak Shivir', the regulator's investor outreach program in Hyderabad on August 30.

The program is part of a proactive initiative administered by IEPFA, which has been set up under the Ministry of Corporate Affairs to reduce the volume of unclaimed dividends and shares and facilitate investor claims.

The day-long investor awareness camp was held in collaboration with key Market Infrastructure Institutions (MIIs) such as BSE, NSE, CDSL, and NSDL, as well as leading Registrar and Transfer Agents (RTAs) including KFin Technologies, MUFG Intime India, Bigshare Services and Purva Sharegistry India, and saw participation from more than 300 investors and claimants from Hyderabad and nearby areas.

The camp features service desks under one roof, providing end-to-end assistance on crucial processes such as claiming dividends and shares that have remained unclaimed for more than six years. On-the-spot updating of KYC and nomination details, resolving claim-related issues and processing of pending claims submitted to the IEPFA.

A dedicated search facility was also made available at the venue to help participants identify if they or their family members had unclaimed assets. Once verified, trained officials guided claimants through a streamlined claims process.

In addition, Sebi and IEPFA, along with market intermediaries, launched an Investor Guide developed by CDSL, which offered a step-by-step roadmap to simplify queries and help investors navigate the claims process more effectively.

The Hyderabad Shivir marked the second leg of the ongoing series, after the success of the first edition in Pune.

Sebi and IEPFA have emphasized that such investor-centric initiatives are crucial for safeguarding investor interests and enhancing financial empowerment. Similar outreach camps are expected to be rolled out in other cities across India where unclaimed investor assets remain significant. A Sebi statement said, “Similar events are proposed to be conducted in other cities with significant unclaimed investor assets.”

“Investor outreach initiative aims to assist shareholders in reclaiming unpaid dividends and unclaimed shares and thereby, reduce the volume of unclaimed investor assets in the system,” said Sebi.

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By bringing all stakeholders - regulators, depositories, stock exchanges, and RTAs - under one roof, the Niveshak Shivir initiative, under the Ministry of Corporate Affairs aims to provide a single-window solution to reclaim assets buried in the system.