Mutual Fund: How to add your nominee's name?
Mutual Fund: How to add your nominee's name?
For years, the Rs
39 lakh crore Indian mutual fund (MF) sector
has been campaigning for investors to nominate someone for their mutual fund holdings
Mutual Fund: How to add your nominee's name?
SEBI made it
mandatory
for MF investors to
nominate or opt out of nomination
.
Mutual Fund: How to add your nominee's name?
This rule has become effective from
October 1, 2022 for new folios.
Mutual Fund: How to add your nominee's name?
The nomination facility enables the nominee or persons to
receive the benefits of his investment in the event of the death
of an investor
Mutual Fund: How to add your nominee's name?
In
online mode
first go to your folio. There you will get the option to make a nominee.
Mutual Fund: How to add your nominee's name?
Like nominees are made for a bank account. The same has to be done here as well.
Mutual Fund: How to add your nominee's name?
Read full process here
Learn more
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