Sebi, DigiLocker to reduce unclaimed financial assets

Mumbai: The Securities and Exchange Board of India (Sebi) has partnered with government's digital document wallet, DigiLocker, to reduce unclaimed financial assets in the securities market.

The move is aimed at enabling investors to store and access information on their demat and mutual fund holdings through DigiLocker.

The regulator said investors using the DigiLocker facility will now be able to get their mutual fund statements, demat account holdings and consolidated account statements(CAS).

Additionally, DigiLocker system would also provide the user the option to fetch CAS automatically on the first of January each year, it said in a circular. Bank account statements, insurance policy certificates and account statements of new pension scheme are already available in the DigiLocker.