Mutual Fund Nomination Deadlines: Do you also invest money in Mutual Funds… Have you also done SIP. If so, then this is important news for you. SEBI has changed the rules regarding mutual funds and demat accounts.
Mutual Fund Nomination Deadlines: Do you also invest money in Mutual Funds… Have you also done SIP. If so, then this is important news for you. SEBI has changed the rules regarding mutual funds and demat accounts. Earlier it was reported that those who did not add nominee to their demat account by 31st December, their account could be frozen, but now SEBI has extended this deadline.
That means now you have time till 30th June for this work. SEBI has extended this deadline for 6 months. Till now the deadline for nominating a beneficiary or opting out by submitting the declaration was kept till December 31.
Investors’ property has to be protected
The purpose of this decision of the Securities and Exchange Board of India (SEBI) is to help investors secure their assets and hand them over to their legal heirs.
Why has the date been extended?
In view of the applications received from market participants, SEBI has said in a circular that for ease of compliance and convenience of investors, the last date for submission of ‘choice of nomination’ for demat accounts and mutual fund folios has been extended till June 30, 2024. The decision has been taken.
Along with this, SEBI asked asset management companies (AMCs), depository participants and registrars and transfer agents (RTAs) to encourage demat account holders and mutual fund unit holders to enroll or exit by sending emails or SMS every fortnight. Is.
How can I update nominee details?
>> To update the name of the nominee, you will first have to login with the help of PAN number, mobile number and email ID.
>> After this you will have to enter the OTP received on your registered number.
>> After this you will have to go to the homepage of the app or website.
>> After this, here you will have to click on the service request option.
>> Now you have to go to Update Nominee Details.
>>Here you will have to fill all the information of the nominee.
>> A new page will open for this. There you will have to enter the details.
>> After this you will have to tick an option there and later click on the submit option.
>> As soon as this process is completed, the process of your nominee details will be completed.
