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How to register nominee in a demat account

To be eligible to nominate, the individual should be a sole or primary account holder of the demat account. Joint holders can also nominate. However, nomination is not possible in non-individual demat accounts.

Your Demat, MF investments might be frozen if nominated details are not updated by Sept 30

On June 15, 2022, Sebi made the nomination mandatory for the existing mutual fund folios, including the jointly held ones by August 1, 2022. The deadline was then extended to October 1, 2022, then to March 31, 2023, and then to September 30, 2023.

How to add nominee in your demat account to stop it from being frozen

It is necessary to add nominee information to your demat account; the deadline for doing so is September 30, 2023. You can either add nominee or opt- out of nomination.

financial deadlines september 2023: MF nomination, small savings schemes, investing in higher interest rate FD: 5 important financial deadlines that end on September 30

ABSL Mutual Fund changes fundamental attribute of Aditya Birla Sun Life Focused Equity Fund What should you do?

The fund house will offer an exit window to the unit holders of 30 days from September 14 to October 13. During the exit option period, unitholders who do not consent to the change may either switch to any other scheme of the fund house or redeem their investments at applicable NAV without payment of exit load subject to provisions of applicable cut-off time as stated in the SID of the scheme.

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