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SEBI UNCLAIMED ASSETS
Have unclaimed deposits, insurance, mutual funds? Government launches single portal to trace forgotten assetsThe Ministry of Finance has launched a new portal to help citizens find forgotten money. This initiative, called 'Your Money, Your Right', ...
Sebi eases nomination rules for demat accounts, mutual funds. Check full detailsSEBI has relaxed nomination norms for demat accounts and mutual funds starting September 1, 2026. Nomination is mandatory for single holder...
Sebi simplifies gifting of mutual funds. Here's what it means for investorsSebi has proposed a new Gift PPI framework that will allow investors to gift prepaid instruments that can be used exclusively to buy mutual...
Sebi’s new proposal enables mutual fund gifting through PPIsMutual fund investments can soon be gifted using prepaid payment instruments (PPIs), with Sebi proposing a new framework. Individuals can p...
Unclaimed amount transferred by PSBs to RBI fund at Rs 60,518 crore: MoS FinanceUnclaimed funds in public sector banks, insurance companies, and mutual funds have reached significant levels. Banks hold Rs 60,518 crore, ...
SEBI proposes modified nomination norms for Demat and Mutual Fund accountsThe Securities and Exchange Board of India (SEBI) has issued a consultation paper to modify nomination norms for demat accounts and mutual ...
Despite repeated nudges, 62% of Zerodha users with holdings still don’t have a nominee: Nithin KamathNithin Kamath says 62% of Zerodha users with holdings still lack nominees despite an online process, urging investors to notify nominees to...
Rs 2,000 cr returned so far under 'Your Money, Your Right' initiative; PM urges citizens to claim unclaimed assetsNearly 2,000 crore rupees have been returned to citizens through the 'Your Money, Your Right' initiative. This government program helps peo...
FinMin, RBI working on portal to help citizens claim unclaimed assets: DFS SecyThe finance ministry is working with the Reserve Bank of India to build a single portal that will allow citizens to track and claim unclaim...
Supreme Court directs RBI, SEBI, IRDAI to track Rs 3.5L crore unclaimed assetsThe Supreme Court has asked financial regulators like RBI and SEBI to respond to a petition concerning unclaimed assets. A petition highlig...
Financial assets worth Rs 1.84 lakh crore lying unclaimed with banks, regulators: SitharamanUnion Finance Minister Nirmala Sitharaman launched a campaign in Gandhinagar. The initiative aims to return 1.84 lakh crore rupees in uncla...
FM Nirmala Sitharaman to launch nationwide awareness campaign for unclaimed financial assets on October 4Finance Minister Nirmala Sitharaman will launch a three-month nationwide awareness campaign, 'Apki Poonji, Apka Adhikar', starting October ...
Unclaimed assets may soon be past, Digilocker to now store details of your shares, mutual fundsFrom April 2025, DigiLocker users can store and access details of their demat and mutual fund holdings. This new feature aims to tackle the...
Explained: How to check unclaimed assets in stocks and mutual funds in DigilockerSebi will implement measures from April 1, 2025, to reduce unclaimed assets in the securities market. These include handling inactive accou...
Sebi proposes harnessing DigiLocker to reduce unclaimed assets in securities marketMarkets regulator Sebi on Tuesday proposed leveraging DigiLocker, a government-backed digital document storage platform, to streamline proc...
Rs 80,000 crore stuck in Demat accounts! Zerodha's Nithin Kamath on why nomination is importantSebi data shows that over 70% of the Demat accounts held singly in the country have no nominations, posing a challenge for their legal bene...
Sebi allows AMCs to offer instant access facility in overnight mutual fund schemesMarkets regulator Sebi on Friday allowed asset management companies to offer instant access facility in overnight mutual fund schemes
All you need to know about unclaimed money in mutual fundsWhen an investor fails to encash a redemption or dividend cheque before it becomes invalid, the amount is categorised as unclaimed.
New scheme for unclaimed dividends kicks in from tomorrowThe website of MFs and Amfi will also provide information on the process of claiming the unclaimed amount and the necessary documents requi...
Sebi allows investment of unclaimed dividend in liquid fundsTo check mis-selling of mutual funds, markets regulator Sebi allowed unclaimed redemption and dividend amounts to be invested in a separate...