Mutual Funds Nomination: The date of March 31 is very important for Mutual Fund Investors. If you have invested in mutual funds and have not yet completed the nomination work, then complete it immediately today. Market regulator SEBI (SEBI) in its instructions has asked all asset management companies to complete the nomination work of all their investors before March 31. The deadline for mutual fund scheme investors to complete the nomination is March 31, 2023. This notification was issued by the market regulator only in June 2022.
In case of non-nomination, this loss will happen
In this notification, SEBI has also said that in case of non-completion of nomination, the portfolio of mutual fund investors will be frozen. After this it will be reactivated only after submitting the details. In such a situation, it is very important to complete the nomination process before the deadline.
Why is nomination made mandatory in Mutual Funds
Actually, mutual fund investors are being asked by SEBI to complete the nomination because if a mutual fund investor dies tragically before the maturity of the scheme, then in such a situation his There should not be any problem in transferring assets. In such a situation, SEBI has made nomination mandatory in mutual funds only for the benefit of the investors.
Complete the nomination process both online and offline-
According to mutual fund experts, mutual fund investors can complete the work of nomination both online and offline. Generally, most problems are seen in nomination in joint portfolio. In this case, you can complete this process both online and offline. To complete the nomination through online medium, you can complete it by visiting the official website of the mutual fund. At the same time, it can be completed through offline also. But sometimes it takes more time to do this work.
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