A portfolio bigger than Jhunjhunwala's - without buying even a single share

IEPF's new status as a leading shareholder of India Inc is due to a rule which has become operational recently by which investors, who don't claim dividends, have their shares transferred to the IEPF

One of India’s biggest non-promoter shareholders got there without buying a single share. And the growth shows no signs of slowing down. But there’s no new Warren Buffett in Indian markets. 

The beneficiary of this bulging demat account is the Investor Education and Protection Fund (IEPF), set up under the Ministry of Corporate Affairs, with the main objective of promoting investor awareness and protection. 

Its new status as a leading shareholder of India Inc is due to a rule which has become operational recently. By that investors who don’t claim dividends have their shares transferred to the IEPF. 

The total