The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, in partnership with the Securities and Exchange Board of India (SEBI), successfully launches the pilot edition of Niveshak Shivir in Pune. This initiative is a key step in IEPFA’s ongoing efforts to promote investor empowerment and enhance financial literacy. 

The event has even facilitated an important platform for direct interaction with investors and for addressing pending financial claims. Aligned with IEPFA’s broader investor outreach efforts, Niveshak Shivir has been designed as a one-stop solution to help investors address pending matters such as unclaimed dividends and shares, KYC and nomination updates, and the expedited settlement of claims.

The success of the Shvir 

As a testament to the success of the shivir, around 450 claimants participated enthusiastically in the event, which attracted investors and stakeholders from Pune and nearby regions. Dedicated service desks were established to assist attendees effectively with:

• Claiming dividends and shares that have remained unclaimed for over six to seven years;
• On-the-spot updating of KYC and nomination details;
• Prompt resolution of claim-related issues.

To read about the size of Groww's upcoming IPO, click here! 

Bringing Together the Stakeholders 

Nineteen dedicated kiosk desks served as the cornerstone of the event, bringing together representatives from Market Infrastructure Institutions (MIIs), Registrars and Transfer Agents (RTAs), Depositories, and Depository Participants. This collaborative setup effectively raised awareness about key investor processes, ensuring transparency and ease in dematerializing physical shares, updating KYC and nomination details, and understanding the IEPF claim procedure. 

Trained officials at each kiosk guided investors through every step, making the experience informative and hassle-free.

Search Facility: Making Tasks Easy 

The search facility, made available at the venue, played a key role in streamlining the process by allowing participants to quickly check if they or their family members held any unclaimed shares or dividends. Upon verification, trained officials were on hand to guide claimants through the accurate completion of the IEPF-5 form, ensuring a smooth and well-supported claim submission experience.

To read about Paytm's latest claim of getting at the verge to profitability, click here!

Looking Forward 

This Shivir marks the first in a planned series of Niveshak Shivir events to be organized across major cities with high volumes of unclaimed investor funds. A city-wide calendar of upcoming Shivirs will be developed based on insights and learnings from this pilot initiative.