Managing investments is now easier as SEBI and Digilocker have introduced a new initiative for investors. Starting from April 1, 2025, investors can link their demat accounts and mutual fund statements to Digilocker. This digital storage facility ensures that investors can access their financial details anytime and also allows them to add a nominee for easy asset transfer in case of unforeseen circumstances.
If you have invested in stocks and mutual funds and want your nominee to get easy access to investment details, you can store these documents in Digilocker. Here’s everything you need to know about this facility.
What is Digilocker?
Digilocker is an official digital document storage platform introduced by the Government of India. It allows users to securely store and access essential documents like Aadhaar, PAN, driving license, and educational certificates. Now, SEBI has partnered with Digilocker, enabling investors to store investment-related documents like demat account details and mutual fund statements.
With this integration, users can:
- Access investment details anytime without needing physical documents.
- Ensure a smooth transfer of assets by adding a nominee.
- Keep all financial records in one place, reducing paperwork hassles.
How to Link Your Demat Account to Digilocker
Investors can securely link their demat account to Digilocker by following these steps:
Step 1: Visit the Digilocker Website or App
- Open Digilocker.gov.in or download the Digilocker app from the Play Store/App Store.
- Log in using your registered mobile number and password.
- If you are a new user, register with your mobile number and Aadhaar.
Step 2: Search for Your Financial Institution
- After logging in, click on “Search Document” on the left panel.
- A list of financial institutions and regulatory services will appear.
- Use the search bar to find the relevant financial institution.
Step 3: Select the Document to Link
- If you hold a mutual fund investment with Edelweiss Mutual Fund or use KFin Technologies, search for them in the Digilocker database.
- Select the institution from the search results.
Step 4: Provide Necessary Details
- Enter your PAN, Aadhaar, date of birth, and bank account details to verify your investment.
- Tick the consent box to allow linking.
- Click “Get Document” to fetch the details from your financial institution.
Step 5: Complete the Verification Process
- After submitting, visit your asset management company’s website or brokerage app.
- Find the option to link your Digilocker account for KYC verification.
- Authorize the linking process on Digilocker.
Step 6: Final Confirmation
- Once submitted, your brokerage will verify the document.
- After verification, you will receive an SMS confirmation.
- Your mutual fund statement or demat account will now be stored in Digilocker.
Why Should You Link Investments to Digilocker?
This initiative provides multiple benefits for investors:
1. Secure and Centralized Storage
- No need to maintain physical records of demat and mutual fund details.
- Easily access investment details whenever required.
2. Nominee Access for Hassle-Free Transfers
- In case of an unfortunate event, nominees can quickly retrieve details.
- Ensures smooth inheritance of financial assets.
3. Faster KYC and Document Verification
- Brokerage firms and mutual fund companies can verify documents digitally.
- Reduces paperwork and speeds up processing.
4. Easy Tracking of Multiple Investments
- Investors with multiple mutual funds and stocks can manage records effortlessly.
- Helps in better financial planning and tax filing.
How to Add a Nominee in Digilocker?
Adding a nominee ensures that your loved ones can access your investments without legal complications. Here’s how you can do it:
Step 1: Log in to Digilocker
- Open Digilocker.gov.in or the Digilocker app.
- Enter your registered mobile number and password to log in.
Step 2: Navigate to Nominee Section
- On the home page, click on “Digilocker Services”.
- Select “Nominee” from the available options.
Step 3: Enter Nominee Details
- Click on “Add Nominee” and fill in:
- Nominee’s full name
- Date of birth
- Gender
- Mobile number and email ID
- Aadhaar number (optional)
Step 4: Select Relationship Type
- Investors can nominate:
- Spouse (Husband/Wife)
- Children (Son/Daughter/Grandson/Granddaughter)
- Parents (Father/Mother/Father-in-law/Mother-in-law)
- Other close relatives (Brother, Brother-in-law, Uncle, Nephew, etc.)
Step 5: Confirm and Submit
- After filling in details, review them carefully.
- Click on “Save” to confirm the nominee.
- You will receive an SMS confirmation.
Who Should Use This Facility?
This Digilocker integration is beneficial for:
- Investors with multiple stocks and mutual funds who want centralized access.
- Elderly individuals who wish to simplify asset transfers to their family.
- Frequent travelers or NRIs needing access to investment details anytime.
- Families who want a hassle-free inheritance process for financial assets.
Final Thoughts
This initiative by SEBI and Digilocker is a game-changer for investors. By linking investment details to Digilocker, investors get secure access, reduced paperwork, and an easy inheritance process. Additionally, adding a nominee ensures financial security for loved ones.
If you haven’t yet linked your investments, now is the right time to secure your financial records in Digilocker.
