MF News SEBI gives 6 months extension to comply with nomination deadline

SEBI gives 6 months extension to comply with nomination deadline

Non-compliant folios will be frozen for investment and redemption from July 1, 2024.

Team Cafemutual Dec 27, 2023

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SEBI has extended the timeline to comply with the nomination guidelines by 6 more months i.e. from January 01, 2024 to June 30, 2024.

With this, mutual funds will have to compulsorily take a declaration from investors if they opt for nomination by filing it with the MF application form or skip it. Mutual funds can also take the declaration online by using e-Sign or OTP facility.

SEBI clarified that all existing folios without nomination will have to opt for nomination or opt out of nomination by June 30, 2024.

Non-compliant folios will be frozen for investment and redemption, clarified SEBI.

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1 Comment

Rajesh Bansal · 3 months ago `

Respected SEBI, how much timeline you think for start B30 Commission again for B 30 Cities.
Please sure all MFD in India is B30 cities with your Noble Move

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