The Securities and Exchange Board of India (Sebi) on Monday said it would not freeze demat accounts and mutual fund folios of investors if they didn’t submit nomination. The decision for existing investors has been taken based on representation from market participants as it would ease compliance and investor confidence. Investors holding securities in physical … Read more
Regulatory guidelines prescribe that investors need to add a nominee for all their mutual fund folios. The deadline for this has been extended and folios will be frozen for debits for investors who don’t comply. WHAT IS NOMINATION IN A MUTUAL FUND? Nomination is the process of appointing a person to take care of your … Read more
Financial planners insist investors must make a nominee in their mutual fund units in their own interest. This makes transmission of units simple and hassle-free for the beneficiary. The deadline for this is extended to June 30. WHAT DOES NOMINATION MEAN IN THE CASE OF A MUTUAL FUND? Nomination is the process of appointing a … Read more
