Imagine waking up one day to discover that your grandparents once bought shares that are now worth a fortune, and you still have them because they never sold them. Well, not to get anyone’s hopes up, but a Chandigarh doctor found himself in this fortunate position. Out of the blue, he discovered that his grandfather had bought SBI (State Bank of India) shares worth Rs. 500 in 1994. To his surprise, he found the share certificate issued back then, indicating that they had never been sold.
Taking to social media, the pediatric surgeon, Dr. Tanmay Motiwala, initiated what would soon become a viral post, titled “The power of holding equity.” He reminisced, “My grandparents had purchased SBI shares worth 500 ₹ (Rs. 500) in 1994. They had forgotten about it. In fact, they had no idea why they purchased it and if they even held it.” Motiwala further revealed, “I found some such certificates while consolidating family’s holdings in a place. (Already had sent for converting them to Demat).”