Current Affairs - Technology - Discussion

SEBI (Securities and Exchange Board of India) has partnered with DigiLocker to help investors store their demat and mutual fund holdings digitally, thus reducing the occurrence of unclaimed assets in the Indian securities market. This initiative includes a nomination facility that allows legal heirs to seamlessly transition assets upon the investor's demise. Additionally, KYC Registration Agencies (KRAs) will verify and notify the nominees, ensuring smooth access to financial information and streamlining the process for asset inheritance.