Mutual Fund Nomination: Mutual fund investors should complete the nomination work before September 30, 2023, otherwise they may have to face big problems later.
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 a nominee, then complete this work before September 30, 2023. Please note that the Securities and Exchange Board of India (SEBI) had earlier made the nomination deadline till March 31, 2023, which was later extended by 6 months. In such a situation, now there is time till September 30, 2023 to complete this work.
25 lakh investors did not update their nominees
There are many MF investors in the country who have not completed the nomination work. According to the data of Registrar and Transfer Agent (RTA), there are more than 25 lakh PAN card holders who have not invested in their mutual funds. According to Money Control news, KFintech’s data has not been included in it. In such a situation, the number of people not completing the nomination will increase further.
What will happen if nomination is not completed?
According to the notification of SEBI, if an investor does not complete the nomination process by September 30, 2023, then such account 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 nominate
You can do the nomination work in mutual fund through both online and offline mode. Those who have invested through offline mode should fill the form and submit it directly to the RTA (Registrar and Transfer Agent). Whereas in the online medium, you can login and complete the nomination only through two factor authentication.
