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In a consultation paper released on February 2, SEBI suggests that nomination be made optional for jointly-held mutual fund folios and demat accounts.
The Bima Trinity project, which includes Bima Sugam, Bima Vistaar, and Bima Vaahak, is expected to be launched in 2024 at different intervals.
If a mutual fund investor fails to complete nomination by this deadline, it will result in his/her MF folios getting frozen for debits. That is, redemptions or withdrawals from any of these investments won’t be possible.
Now, investors have time until June 30, 2024 to complete their nomination. That is, they must either select a nominee or opt out of nomination for their mutual fund folios and demat accounts by the due date.
The Telangana High Court has dismissed a Writ Petition of filed by Politician Feroz Khan seeking special revision of the final electoral rolls of Nampally Assembty Constituency. It held that even...