SEBI wants to make nominations less of a headache

Summary: No nominee on your demat account? Under SEBI's new proposal, that won't be the easy default anymore. Here's what's changing and what it means for your family if something happens to you. India's capital markets regulator is rethinking how investors name beneficiaries for their financial assets, and why so many don't bother at all. The Securities and Exchange Board of India (SEBI) has released a consultation paper proposing a series of changes to nomination norms for demat accounts and mutual fund folios. The twin goals are straightforward: make it easier for investors to sign up and reduce the growing pile of unclaimed assets that accumulates when account holders die without having named anyone to receive their holdings. The problem with the earlier framework Last year's SEBI circular