Mutual fund investments can soon be gifted using prepaid payment instruments (PPIs), with Sebi proposing a new framework. Individuals can p...

Unclaimed funds in public sector banks, insurance companies, and mutual funds have reached significant levels. Banks hold Rs 60,518 crore, ...

The Securities and Exchange Board of India (SEBI) has issued a consultation paper to modify nomination norms for demat accounts and mutual ...

Nithin Kamath says 62% of Zerodha users with holdings still lack nominees despite an online process, urging investors to notify nominees to...

Nearly 2,000 crore rupees have been returned to citizens through the 'Your Money, Your Right' initiative. This government program helps peo...

The finance ministry is working with the Reserve Bank of India to build a single portal that will allow citizens to track and claim unclaim...

The Supreme Court has asked financial regulators like RBI and SEBI to respond to a petition concerning unclaimed assets. A petition highlig...

Union Finance Minister Nirmala Sitharaman launched a campaign in Gandhinagar. The initiative aims to return 1.84 lakh crore rupees in uncla...

Finance Minister Nirmala Sitharaman will launch a three-month nationwide awareness campaign, 'Apki Poonji, Apka Adhikar', starting October ...

From April 2025, DigiLocker users can store and access details of their demat and mutual fund holdings. This new feature aims to tackle the...

Sebi will implement measures from April 1, 2025, to reduce unclaimed assets in the securities market. These include handling inactive accou...

Markets regulator Sebi on Tuesday proposed leveraging DigiLocker, a government-backed digital document storage platform, to streamline proc...

Sebi data shows that over 70% of the Demat accounts held singly in the country have no nominations, posing a challenge for their legal bene...

Markets regulator Sebi on Friday allowed asset management companies to offer instant access facility in overnight mutual fund schemes

When an investor fails to encash a redemption or dividend cheque before it becomes invalid, the amount is categorised as unclaimed.

The website of MFs and Amfi will also provide information on the process of claiming the unclaimed amount and the necessary documents requi...

To check mis-selling of mutual funds, markets regulator Sebi allowed unclaimed redemption and dividend amounts to be invested in a separate...