SEBI allows storing demat and mutual fund holdings in DigiLocker
When I started planning my investments, I always worried about one thing – how to keep my demat and mutual fund holdings records safe? What will happen to my documents, how will my family know about my investments if something happens to me? But now SEBI (Securities and Exchange Board of India) has taken a very good decision by partnering with DigiLocker. Now you can store your demat and mutual fund holdings information in DigiLocker and access it anytime, anywhere. I liked it a lot, because it reduced my tension. Today I will tell you about this new facility and its 4 main benefits, which will make your life easier. So, let’s find out!
SEBI and DigiLocker Demat Storage: What is this new facility?
SEBI announced a new decision on March 18, 2025, which will allow investors to store their demat account and mutual fund holdings information in DigiLocker. DigiLocker is the Government of India’s digital wallet, where you can store your important documents (like Aadhaar card, PAN card, degree certificate) securely. Now SEBI has added DigiLocker to store demat and mutual fund holdings, as well as Consolidated Account Statement (CAS). The main objective of this is to reduce the problem of unclaimed assets in the stock market and protect investors. I think this decision is very good, because this will keep my investment records in a safe place, and my family will be able to access them easily if needed.
4 benefits of storing demat and mutual fund holdings in DigiLocker
This new facility of SEBI and DigiLocker will provide many benefits to investors. I myself use DigiLocker, and I have a very good experience with it. Let’s see the 4 main benefits of this facility:
- All information in one place and secure
With DigiLocker, all the information of your demat and mutual fund holdings will be stored in one digital place. You do not need to search for statements in different places. Earlier I had to search for my statements in mail or in physical form, but now everything is together in DigiLocker. Moreover, DigiLocker is a government platform, so your information remains completely safe. I read on a website that DigiLocker has 434.9 million users and 9.4 billion documents have been stored. So, it can be trusted. - Easy access to information for nominees
If an investor passes away, it was difficult for his family to get information about his investments. But now the DigiLocker system will send an automatic notification to the nominee when the KYC Registration Agencies (KRAs) receive information about the investor’s death. One of my friend’s father passed away, and he had a lot of trouble getting information about his mutual funds. But now if this facility was there, his work would have been easy. The nominee can view the statement from DigiLocker and initiate the transmission process to Asset Management Companies (AMCs) or Depository Participants (DPs). - The problem of undeclared assets will be reduced
In India, often the family of investors does not get information about their assets, and it remains undeclared. According to SEBI, the problem of such undeclared assets is very big. But with DigiLocker, this information will be stored in one place, and the nominee or heir will have easy access to it. DigiLocker will update the user’s status by getting the death information from the Registrar General of India, and will inform the nominee. I think this will help many families get information about their assets, and it will not remain undeclared. - Transparency and Convenience
With DigiLocker, you can view your demat and mutual fund holdings statements anytime, anywhere. You just have to log in to the DigiLocker app or website, and all your information will be in front of you. If I want to see my mutual fund statement, now I don’t have to mail it to the AMC – everything is on DigiLocker. This makes it easy to keep track of your investments, and everything remains transparent.
How to use DigiLocker?
DigiLocker is very easy to use. I personally use DigiLocker for my documents, and now I also store my demat and mutual fund holdings there. Let’s take a look at some simple steps:
- Step 1: Download the DigiLocker app
Download the DigiLocker app on your mobile or go to www.digilocker.gov.in. - Step 2: Sign up
Sign up using your Aadhaar number and mobile number. You will receive an OTP, enter it to create your account. - Step 3: Add demat and mutual fund statements
Go to the ‘Financial Documents’ section on DigiLocker, and link it to your depository (like NSDL, CDSL) or AMC. You will need to enter your demat account number or mutual fund folio number. - Step 4: Add nominee
You can add your nominee in DigiLocker, who will get access to your holdings after your death. For this, go to the ‘Nominee’ section and enter their mobile number and name. - Step 5: View statements
Once linked, you can view your statements at any time. You will also get a Consolidated Account Statement (CAS), which will contain information about all your mutual fund holdings.
Also Read: How to Cancel a Cheque for KYC
What you need to remember?
- Security: DigiLocker is a government platform, but do not share your password with anyone. I always keep my password strong, which contains letters, numbers and special characters.
- Update Nominee: The nominee should be updated in your demat and mutual fund accounts, so that DigiLocker gets the correct information.
- Benefit of SEBI’s new rules: SEBI has implemented new nomination rules for demat and mutual fund accounts from March 1, 2025, which has made it easier to transfer assets to a nominee. DigiLocker will make this process even easier.
SEBI and DigiLocker Demat Storage
This new facility of SEBI and DigiLocker has made my life a lot easier. My demat and mutual fund holdings are now in a safe place, and I don’t have to worry. My family will have easy access to my investments, and the problem of undeclared assets will be reduced. If you are also investing in demat or mutual funds, start using DigiLocker today. I think this decision is very beneficial for investors, and it will give you more control over your investments. If you have any more questions, be sure to ask me. I will explain it to you in simple terms! Now keep your investments safe and benefit from DigiLocker!
Also Read About : SBI WhatsApp Banking
FAQ:
1. What is SEBI’s new rule on DigiLocker for demat accounts?
SEBI allows storing demat and mutual fund holdings in DigiLocker, enabling secure access, easy nominee updates, and reducing unclaimed assets as of March 2025.
2. What are the benefits of storing demat in DigiLocker?
It offers secure storage, centralized access, easy nominee updates, reduces unclaimed assets, and ensures transparency for demat and mutual fund holdings.
3. How do I store my demat holdings in DigiLocker?
Sign up on DigiLocker, link your demat account or mutual fund folio in the ‘Financial Documents’ section, and access your statements anytime securely.
4. How does DigiLocker help nominees with investments?
DigiLocker notifies nominees automatically after the investor’s demise, providing access to demat and mutual fund holdings for seamless asset transfer.
5. Is it safe to store demat and mutual fund data in DigiLocker?
Yes, DigiLocker is a government platform with high security, trusted by 434.9 million users, ensuring your investment data remains safe and accessible.