New Delhi, Oct. 6 -- A few years ago, a well-settled professional in his early forties-fit, forward-looking, and financially savvy-passed away unexpectedly due to a sudden cardiac arrest.

While he had diligently invested in shares and mutual funds, his grieving family was left scrambling through paperwork and legal procedures simply because he hadn't nominated anyone for his demat account. This is not an isolated incident.

Life is unpredictable, and while we work hard to build wealth and secure our families' futures, we often overlook a simple step that can make a world of difference after we're gone.

The unclaimed redemption amount of mutual funds stands at Rs.1,128 crore, while the unclaimed dividend amounts to around Rs.2,324 crore,...