Unclaimed Redemption/ IDCW
Details of Unclaimed Redemption or Dividend
SEBI vide circular no. SEBI/HO/IMD/DF2/CIR/P/2016/37 dated February 25, 2016 has mandated Mutual Funds to provide on their website, the list of names and addresses of investors in whose folios there are unclaimed amounts (redemption / dividend). Further, Mutual Funds are also required to provide information on the process of claiming the unclaimed amount(s) and the necessary forms / documents required for the same.
What is an unclaimed redemption or dividend?
Redemption cheques / demand drafts sent to investors that remain unpaid beyond their validity period are categorised as unclaimed. The validity of such cheques / demand drafts is 3 months from the date of issue.
What is the amount payable to an Investor?
Investors who claim the unclaimed amounts during a period of three years from the due date shall be paid the initial unclaimed amount along with the income earned on its deployment.
Investors who claim these amounts after 3 years shall be paid the initial unclaimed amount along with the income earned on its deployment till the end of the third year. After the third year, the income earned on such unclaimed amounts shall be transferred to the Investor Education and Protection Fund in accordance with the provisions of extant SEBI Regulations / Circulars & Guidelines. These provisions also specify the nature and manner of utilisation of such amounts.
What is the process to claim these amounts?
Investors are required to submit the completed Common Transaction Slip along with the required documents. To process the claim, bank account details are mandatory. Investors are requested to ensure their bank account is updated in their folio.
Download Required Forms
- 1Download
Step 1: Download Request Slip
Download and fill the Common Transaction Slip with complete and accurate details.
- 2Download
Step 2: Change in Bank Account Details (if required)
If your bank account details need to be updated, download and submit the Change of Bank Details Form along with required documents.
- 3Download
Step 3: In Case of Death of Unit Holder
Surviving unit holders / Nominee must submit the request for Transmission of Units along with required documents.
- 4
Step 4: Revalidation of Old Warrant
Submit a request letter for obtaining new warrant at your nearest Shriram AMC Investor Service Center or through your distributor.
IMPORTANT INFORMATION
- Bank account details are mandatory to process the claim
- Valid KYC as per SEBI norms is required
- All sections of the form must be filled accurately
- For NRI Investors: TDS will be deducted on capital gains as applicable
Locate Your Unclaimed Investments via MFCentral
Shriram Asset Management Company wishes to inform that investors can now locate and recover their inactive and unclaimed mutual fund investments, if any, by visiting https://app.mfcentral.com/links/inactive-folios on the MFCentral website (www.mfcentral.com). Investors can search their investments using basic details, connect with Shriram AMC and recover their rightful funds with ease.
Frequently Asked Questions (FAQs)
Contact Information
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Office Hours
Monday to Friday, 9:30 AM to 6:30 PM
REGULATORY INFORMATION
This page is maintained in compliance with SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2016/37 dated February 18, 2016, regarding unclaimed redemption and dividend amounts. All unclaimed amounts are deployed in permitted instruments until claimed by investors or for a period of three years from the date of inurement.
Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully before investing.
