Man Discovers Grandfather’s SBI Shares Worth Rs 500 Bought in 1994, Current Value Will Blow Your Mind
Dr. Tanmay Motiwala, a pediatric surgeon and investor, recently took to X (formerly Twitter) to share a surprising discovery. While consolidating his family’s financial holdings, Dr. Motiwala stumbled upon forgotten SBI shares purchased by his grandparents in 1994, worth a mere Rs 5000 at the time of acquisition.
In his tweet, Dr. Motiwala reflected on the unexpected find, revealing that his grandparents had long forgotten about the investment, with no recollection of why they initially acquired the shares. However, Dr. Motiwala’s diligence in organizing the family’s assets led to the discovery of the old share certificates, which were subsequently sent for conversion into dematerialized form.
The valuation of these once-forgotten shares proved to be staggering. Dr. Motiwala disclosed that the current worth of the SBI shares stood at approximately Rs 3.7 lakh today — an impressive appreciation over three decades which shows the power of long-term equity investments. While acknowledging that the sum may not be considered monumental by some, Dr. Motiwala emphasized the significance of the growth, illustrating the potential inherent in patient equity holding.
The journey of converting the family’s stock certificates into demat form was not without its challenges, as Dr. Motiwala candidly shared. Addressing the complexities of the process, including potential errors in documentation and signature mismatches, he highlighted the necessity of seeking professional guidance. Despite the hurdles, Dr. Motiwala expressed satisfaction in successfully completing the conversion for the majority of the certificates, attributing the accomplishment to the assistance of a knowledgeable advisor.
(Disclaimer: The story is based on a tweet on the X platform. Suggestions, views, and opinions given by the user is his own. These do not represent the views of TN Network.)
