DigiLocker

Secure Your Investments. Simplify Access.

Use DigiLocker to keep track of your financial holdings and help your family stay informed.

With an intent to promote investor protection and safeguarding investor interests and for reducing the Unclaimed Assets (UA) in the securities market, SEBI had earlier implemented several measures.

On the same grounds, with a view towards reducing unidentified assets in the Indian securities market and ensuring your financial information is accessible when it matters most, SEBI has introduced a step to harness the “Digilocker” as a Digital Public Infrastructure.

What is DigiLocker?

DigiLocker is a Government of India digital document wallet that allows you to securely store and access important documents online.

Store documents like PAN, Aadhaar, insurance policies, bank account statement etc.

Documents are legally valid and deemed to be at par with originals Now, you can also store your Mutual Fund and Demat account statements in DigiLocker, that will enable your entire financial holdings of individuals available in a single account - DigiLocker.

Why is this Important for Investors?

Many investments go unclaimed just because the family members of deceased are unaware of them.

At SEBI’s instance, a mechanism has been created whereby the DigiLocker automatically notifies the DigiLocker Nominee/s about demise of the user through SMS and e-mail.

This access is expected to facilitate the initiation of the transmission process with the relevant financial institutions.

How does DigiLocker helps?

Keep all your financial information in one place

Investors can access important documents anytime, anywhere,

It is a secure document gateway and facilitates serves as that secure exchange platform between trusted issuer and trusted requester / verifier with the consent of the investor.

Reduce chances of unclaimed investments in the securities market

Enable easier access of your investments for your loved ones

What Can You Access via DigiLocker?

Once enabled, you can fetch:

Holding Statement (latest available)

Transaction Statement (last 30 days)

Consolidated Account Statement (CAS)

     - Latest available (within last 12 months)

     - Option to auto-fetch annually

How Does It Help Your Family?

In case of an unfortunate event:

DigiLocker can update user status through official records

Your DigiLocker nominee gets notified

Nominee can securely access stored documents

This helps your family:

Become aware of your investments

Initiate the transmission process smoothly

Understanding DigiLocker Nomination

You can add a nominee in DigiLocker, so that the nominee/s specified by the user is/are authorised to access the digital information of the user upon the demise of the user

Important to note:

DigiLocker nomination is separate from your mutual fund or demat nomination

It does not replace existing nomination rules

It helps share information, not transfer ownership directly

How It Works

1. Investor stores investment statements in DigiLocker

2. Adds a DigiLocker nominee

3. In case of demise:

System updates status via official records / KRA

Nominee is notified via SMS/email

4. Nominee accesses documents

5. Helps rightful nominee / legal heir initiate transmission

Who Can Use This?

All investors with mutual fund or demat holdings

Investors holding securities in physical form (after dematerialisation)

Steps to Get Started

1. Create / Log in to your DigiLocker account

2. Link your financial accounts (when available)

3. Fetch your investment statements

4. Add a nominee

Key Benefits at a Glance

1. One place for all financial documents

2. Easy access anytime, anywhere

3. Helps prevent unclaimed investments

4. Supports family during difficult times

5. Secure and government-backed

Important Points to Remember

Using DigiLocker is optional

Nomination in investment accounts is still essential

DigiLocker only facilitates access to information

Transmission of assets follows existing regulatory processes

Consider using DigiLocker to organize your financial documents and keep your loved ones informed.

Disclaimer

An Investor Education and Awareness Initiative SIP - Systematic Investment Plan

Visit https://www.hdfcfund.com/information/key-know-how to know more about the process to complete a one-time Know Your Customer (KYC) requirement to invest in Mutual Funds. Investors should only deal with registered Mutual Funds, details of which can be verified on the SEBI website (www.sebi.gov.in/intermediaries.html). For any queries, complaints & grievance redressal, investors may reach out to the AMCs and / or Investor Relations Officers. Additionally, investors may also lodge complaints directly with the AMCs. If they are not satisfied with the resolutions given by AMCs, they may raise complaint through the SCORES portal on https://scores.sebi.gov.in/ SCORES portal facilitates investors to lodge complaint online with SEBI and subsequently view its status. In case the investor is not satisfied with the resolution of the complaints raised directly with the AMCs or through the SCORES portal, they may file any complaint on the Smart ODR on https://smartodr.in/login

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.