New rules from April 1: How investors can use DigiLocker for holding shares and mutual funds
Starting April 1, 2025, stock market and mutual fund (MF) investors will be able to fetch and store their holdings’ statements from their Demat accounts and Consolidated Account Statement (CAS) on DigiLocker.
Index Fund Corner
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| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
The Securities and Exchange Board of India (SEBI) introduced this rule to reduce unclaimed assets and make access to investment details easier.
Documents stored in DigiLocker hold the same legal standing as physical originals under the Information Technology Act, 2000.
KYC Registration Agencies (KRAs), regulated by SEBI, will serve as the primary verification source for notifying nominees and facilitating the transfer of assets.
How to use DigiLocker for investments
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Fetch statements – Investors will be able to store Demat and MF holding statements in DigiLocker.
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Nominee access – Investors will be able to nominate a DigiLocker user who will be notified upon their demise.
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Transmission process – If the nominee is also listed in the Demat/MF account, they will be able to initiate the transmission. If not, they will be able to share the details with the legal heir or account nominee.
Why it matters?
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Reduces unclaimed assets by ensuring investments are easily trackable.
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Simplifies access for nominees without disrupting existing transmission rules.
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Helps physical security holders by allowing them to opt for dematerialisation.
SEBI advises investors to use DigiLocker and add nominees to streamline asset management.
The changes will make investment tracking easier and reduce disputes over unclaimed holdings.
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