SEBI's DigiLocker Move: Can This Be A Magic Wand In Facilitating Asset Recovery

"Individual recovered 5,000 shares worth Rs. 1 crore held by his father in X Limited after a decade."

"A school teacher purchased a BMW from the proceeds of shares held by his grandfather, recovered after 20 years."

Stories like these aren't rare—many individuals have discovered and reclaimed ancestral shares or assets after decades. Often, people are unaware of investments or holdings that rightfully belong to them. In several cases, an entire generation passes before someone realizes they are entitled to certain financial assets.

Despite efforts by regulatory authorities to streamline asset recovery, a significant volume of investments still remains unclaimed in the financial ecosystem. The primary cause? A lack of awareness and communication. Some investors do add nomination details but fail to inform the nominees, while in other cases, nominees aren't notified of the investor's demise.