Regulatory guidelines mandate investors to appoint a nominee for all their mutual fund folios or inform the respective fund house they do not wish to nominate. The folios will be frozen for debits for investors who fail to comply.
Under the new framework, asset management companies (AMCs) will have to provide an option to the unit holders to submit either the nomination form or the declaration form for opting out of the nomination in physical or online as per the choice of the unit holders.
Under the new framework, asset management companies (AMCs) will have to provide an option to the unit holders to submit either the nomination form or the declaration form for opting out of the nomination in physical or online as per the choice of the unit holders.