Unclaimed financial assets to reduce: Good news for nominees as SEBI partners with DigiLocker for smooth access to account of deceased

SEBI has partnered with DigiLocker to allow nominees access to the financial assets of deceased individuals. This initiative will help in easy retrieval of mutual fund and demat account statements, reducing the quantum of unidentified and unclaimed assets. The process involves nomination and notification through the already popular Digilocker, which already holds Aadhaar, PAN Card and more.