All India Investor’s Welfare Association, (Regd) (AIIWA) Chennai, the only All India basis Organisation was inaugurated today by Shri A. Vellayan, Executive Chairman, Murugappa Group of Companies.
AIIWA is providing information and knowledge relating to all financial markets and investments related particulars to its members comprehensively. AIIWA’s aim is to help retail investors take informed decisions.
Besides it will take the members grievances to appropriate forums like
Ministry of corporate affairs, SEBI, BSE and NSE on their behalf. It will also arrange Seminars, Lectures, Free Counselling, Open House interaction with investors and redressal of complaints of the investors with the ultimate goal of enhancement of their Wealth in particular.
AIIWA aims to provide guidance to investors for their problems relating to buying and selling of shares by stock broker, depository services and physical share transfers by RTA’s.
India is still in infancy stage in the knowledge/education with regard to the various financial instruments. As such the need for many organisations like us is the need of hour. Stocks, Mutual Funds, ETF Gold Bonds, etc will be highlighted in our periodical workshops and interactive programmes.
According to a lead News Paper of Last Year December Month says that an idle wealth of Rs.64000 crores is lying unclaimed by the investor. The total amount lying with IEPF is likely to be Rs.900 cr. The annual accretion used to be Rs.50 to 70 crores but now it is Rs.25 to 30 crores due to direct bank credit service, so this type of simplicity to be generated by the Govt keeping the intention of investors interest.
These funds from IEPF are used towards among a 70 NGO’s registered with the ministry of corporate affairs and the funds are used for investor education.
As per the strategy revealed as on today there are still 16% of the total no. of shares are in physical form even though demat system has been introduced around 15 years back. As per the data revealed the total unclaimed amount lying with various bodies
