How Sebi's move to integrate DigiLocker will reduce unclaimed assets

MUMBAI : Many investors unknowingly leave behind unclaimed mutual fund holdings simply because their family members aren’t aware of them. To solve this issue, the Securities and Exchange Board of India has introduced a new mechanism that integrates mutual fund statements with DigiLocker, ensuring that nominees can easily access investment details when needed. Sebi has directed asset management companies and registrars to register as issuers on DigiLocker, allowing investors to fetch their latest mutual fund statements seamlessly. Sebi’s DigiLocker integration also allows investors to maintain privacy, ensuring that nominees or family members can only access financial information after the investor’s demise.