look news india
Mutual Fund Nomination Deadline: If you invest in mutual funds then this news is useful for you. The deadline for mutual fund investors to complete the nomination process is approaching. If you have invested in it, but have not added the nominee, then complete this work before 30 September 2023. It is noteworthy that the Securities and Exchange Board of India (SEBI) had earlier fixed the nomination deadline as 31 March 2023 but later it was extended by 6 months. In such a situation, now there is time till 30 September 2023 to complete this work.
25 lakh investors have not updated their nominees
There are many MF investors in the country who have not completed the enrollment process. According to Registrar and Transfer Agent (RTA) data, there are more than 25 lakh PAN card holders who have not invested in their mutual funds. According to the Money Control report, data from KFintech has not been included. In such a situation, the number of people who do not complete the enrollment will increase.
What happens if enrollment is not completed?
According to the SEBI notification, if an investor does not complete the nomination process by September 30, 2023, such accounts will be frozen. After this you will not be able to make any withdrawal or investment from your account. In such a situation, to avoid this problem, complete this work as soon as possible.
How to enroll
You can do the work of mutual fund nomination both online and offline. Those who have invested through offline mode should fill the form and submit it directly to the RTA (Registrar and Transfer Agent). Whereas in online mode you can log in and complete the enrollment only through two factor authentication.
