From Financial Chaos to Clarity: Embrace the New Age of Wealth Management
As of March 2024, the Reserve Bank of India’s Depositor Education and Awareness (DEA) Fund holds unclaimed deposits amounting to ₹78,213 crore. Another report mentions over 2 lakh crore locked in unclaimed assets with the Indian government. In addition to bank deposits, it includes insurance policies, post-office savings, corporate bonds, and provident funds. Numbers show that India has an enormous problem of unclaimed assets. Although the government is beginning to take measures to curb the problem, there are endless stories of how Indians are facing challenges in securing assets left behind by their family members. The reason behind this financial menace is clear: With investments scattered across multiple platforms and financial documents buried in various lockers, keeping track of your complete financial picture can feel overwhelming. How can a Wealth Management Platform Safeguard your Finances? The average investor today holds assets across numerous channels: mutual funds through...