Mandatory or not, nomination is almost a must

SEBI has recently come out with a circular providing mutual fund investors with a choice to either provide nomination under their investments or opt-out of nomination altogether by signing a declaration form. While this will apply to investors subscribing to mutual funds from August this year, SEBI has given time till March 31, 2023 to AMCs to get the nomination details or the 'no-nominee' declaration from their existing investors as well. So, the rules wil