One must retrieve unclaimed dividend of MFs or shares at the earliest

Mutual fund investors stop getting the benefit of any appreciation after three years

2020 has been a tough year for many financially. But you can begin 2021 on a sounder note by demanding any unclaimed dividends of mutual funds (MFs) or shares you own. According to a recent media report, over Rs 1,100 crore of investor money is lying unclaimed with the top 10 mutual fund houses alone.

Why dividend remains unclaimed 

In the case of mutual funds, the dividend amount becomes unclaimed 90 days after it was declared. There are several reasons for this money remaining unclaimed. Pranjal Kamra, chief executive officer (CEO), Finology, says, “When there is a mismatch between your personal details