The Securities and Exchange Board of India (SEBI), which oversees the capital markets, announced that you no longer have to name a nominee for joint mutual fund accounts. This change was made in a circular issued on April 30, 2024.
The expected inflows are to the tune of $591 million with PNB accounting for the lions share at $154 million followed by BHEL ($152 million), NMDC ($145 million) and Union Bank ($140 million), the Nuvama report said.
Protean eGov Managing Director and CEO Suresh Sethi said there are several people who are not digitally enabled to even get into the account aggregator framework and get credit against their data, or consent for it to be used.
Protean eGov Technologies has awarded its media mandate to Lodestar UM after a competitive multi-agency pitch. The mandate covers the whole media spectrum including mainline, digital, out-of-home, and special projects. Protean eGov Technologies is a pioneer of Digital Public Infrastructure, regtech, and Open Networks. Through partnering with Lodestar UM, the company aims to advance its objective of creating an inclusive digital India and maximise its brand recognition.