Mutual Fund Nomination Deadline Ends 30 September

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 nominees, complete this work before September 30, 2023. It may be noted that the Securities and Exchange Board of India (SEBI) had earlier fixed the deadline for nomination till March 31, 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 nomination process. According to Registrar and Transfer Agent (RTA) data, there are over 25 lakh PAN card holders who have not invested in their mutual funds. According to Money Control’s report, data from KFintech has not been included. In such a situation, the number of people who do not complete the nomination will increase.

What happens if the nomination 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 complete this task as soon as possible to avoid this problem.

How to Nominate

You can do mutual fund nomination work 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). While in online medium you can complete the nomination only through two factor authentication by logging in.

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