If there is any dividend or redemption amount that you have not been able to claim, it is most likely that the amount is lying unclaimed with the asset management company (AMC). And while you arrange to get it back, know that your money is not idle. It will get re-invested by the AMC and will earn you some return too.
Instances of unclaimed dividends or redemption could arise if the money was sent by a cheque and the recipient’s address details with the AMC are incorrect. Such unclaimed cases can continue for many years, unless the investor approaches the AMC to update the address or the AMC follows up to find the recipient’s correct address. In the meanwhile, the amount lying with the AMC can be reinvested in two ways.
