No freezing of mutual funds and demat accounts for not adding a nominee

The Securities and Exchange Board of India (SEBI) announced on Monday that failing to submit nominations will not result in the freezing of demat and mutual fund accounts. Previously, SEBI had set a deadline of June 30, 2024, requiring existing investors and unitholders to submit their choice of nomination-either designate a nominee or opt for no nomination-beyond which, accounts were to be frozen for