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SEBI makes nomination optional for joint mutual fund accounts; check details |

The Securities and Exchange Board of India (SEBI), which oversees the capital markets, announced that you no longer have to name a nominee for joint mutual fund accounts. This change was made in a circular issued on April 30, 2024. ....

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Sebi extends deadline to add nominees for mutual fund account holders

Further, Sebi asked asset management companies (AMCs) and RTAs to encourage the unit holder to fulfill the requirement for nomination/ opting out of the nomination by sending a communication on a fortnightly basis by way of emails and SMS to all such unit holders who is not in compliance with the requirement of nomination. ....

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Mutual fund nomination date extended to 30th September 2023

Nomination is a process of appointing a person to take care of your assets in the event of death. It is mandatory for new folios/accounts opened by investors to make a nomination. In case an investor does not wish to nominate, they can opt out of the process while filling up the form. ....

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