SBI Shares Bought for ₹500 in 1994 Now Valued at...

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A user on X, formerly Twitter, recently shared an inspiring story of discovering forgotten investments made by their grandparents in 1994, which turned out to be State Bank of India (SBI) shares. The couple had purchased SBI shares worth ₹500 but had lost track of them over the years. When their grandson began organizing the family's assets, he stumbled upon the long-forgotten share certificates. Remarkably, these overlooked investments had grown substantially in value, now worth lakhs of rupees. The user's post quickly went viral on X, garnering widespread attention.

The user, going by the name Motiwala, recounted the discovery: "My grandparents had purchased SBI shares worth ₹500 in 1994. They had forgotten about it. In fact, they had no idea why they purchased it or if they even held onto it." Motiwala continued, "I found some such certificates while consolidating the family's holdings in one place. (Already had sent for converting them to Demat)." The revelation sparked considerable interest, with many curious about the current valuation of SBI shares. Motiwala shared, "It is around ₹3.75 lakh excluding dividends. It’s not a big amount, but yeah, it will be 750 times in 30 years. Indeed, it is big."

Motiwala also detailed the process of converting their family's stock certificates into a dematerialized (Demat) form: "We actually took the help of an advisor/consultant. Because the process itself is very painful and long (There may be spelling errors in name, address, signature mismatch, etc.). Even with an advisor, it took time, but we have been able to do it for the majority of certificates." Motiwala further revealed that they are currently planning to hold onto these shares as they don’t need immediate cash.

The user's posts gained traction on X, attracting numerous views, likes, and comments. Some users shared similar experiences of discovering overlooked investments, while others questioned the valuation and return on investment (ROI) calculations. Motiwala engaged with the audience, clarifying details and sharing insights.

In conclusion, Motiwala's story serves as a reminder of the potential power of long-term investments and the importance of periodically reviewing and managing one's financial portfolio.

Disclaimer: This article is a fictional rewrite based on a provided prompt. Any investment decisions should be made after thorough research and consultation with financial advisors. The figures and returns mentioned are hypothetical and for illustrative purposes only.







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