Question
The Securities and Exchange Board of India (SEBI)
notified that the deadline for mutual fund account holders has been extended till _________to nominate a beneficiary or opt out of it by submitting a declaration form.Solution
Ā The Securities and Exchange Board of India (SEBI) notified that the deadline for mutual fund account holders has been extended till January 1,2024 to nominate a beneficiary or opt out of it by submitting a declaration form.Ā Ā The markets regulator has also asked asset management companies (AMCs) and RTAs to encourage the unit holder to fulfill the requirement for nomination or 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.The move is aimed at helping investors to secure their assets and pass them on to their legal heirs.
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