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Nomination now optional for joint mutual fund portfolios; what MF investors must know

The deadline for all current individual unit holders who own mutual fund units, either alone or jointly, nominate or opt out of nomination is June 30, 2024; otherwise, the folios will be blocked for debits. ....

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Only 11 days left to add nominees to mutual funds, demat accounts; what happens if you miss the deadline

The Securities and Exchange Board of India (SEBI), “Submission of ‘choice of nomination f”or trading accounts has been made voluntary as a step towards ease of doing business; With respect to demat accounts, it has been decided to extend the last date for submission of ‘choice of nomination to December 31, 2023.” ....

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