Deadline For Adding Nominees To Mutual Funds Extended, New Date Is...

The move is aimed at helping investors secure their assets and pass them on to their legal heirs.

Markets regulator SEBI on Wednesday extended the deadline for mutual fund account holders till January 1, to nominate a beneficiary or opt out of it by submitting a declaration form, failing which their folios will be frozen.

Earlier, the deadline for existing mutual fund holders to provide a choice of nomination was on or before September 30. 

The move is aimed at helping investors secure their assets and pass them on to their legal heirs.