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MF, demat account holders take note! Last 9 days left to add nominees - know consequences of missing deadline

India Business News: MF nominee addition: If you are wondering how you can add nominee details to your mutual fund, demat account, then listed below are the steps to add n ....

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FDs, insurances, PF, mutual fund SIPs or demat accounts: What should you consider while making nominations?

Nomination and joint holding are two of the simplest ways of identifying beneficiaries for investments. As far as possible, you need make sure that the beneficiary is someone whose needs will be taken care of by the specific investment in the future. It would be good if you maintain a list of your investments and kept track of the nominations you have made. Informing the nominees that they have been made beneficiaries is also a good exercise since the purpose of making smooth transition will otherwise be lost. ....

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Has the last date to add nominee to mutual funds been extended?

Note that if the nomination is not registered within the timeframes, transactions such as Redemptions, SWP, Switch, STP will be frozen in the corresponding folios beginning October 1, 2023. ....

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Mutual Fund Nominee: Where to Check or Update Details Online Before Last Date September 30

Mutual Fund Nominee: Where to Check or Update Details Online Before Last Date September 30
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Demat account holders, MF investors alert! Deadline to add nominee ends on 30 Sept

Investors in India have until September 30 to nominate a beneficiary or opt out, or their demat accounts and folios will be frozen. Failure to meet the deadline will result in frozen folios for debits and inaccessible demat accounts or mutual funds folios. ....

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