SEBI extends mutual fund nomination deadline

According to the latest circular, the deadline for adding a nominee or submitting a no-nomination form for your mutual fund investments has been extended from September 30, 2023, to December 31, 2023. But you should not wait until the last minute. Whether it's a mandatory requirement or not, every mutual fund investor should have a designated nominee. The absence of a nominee can lead to a complex legal process for your beneficiaries when attempting to claim your investments in your absence. Having a nominated beneficiary streamlines this transmission process. In June 2022, the Securities and Exchange Board of India (SEBI) released a circular mandating mutual fund investors to nominate a beneficiary or opt-out by submitting a no-nomination form. This rule became effective for new investors in