Capital markets regulator Sebi on Wednesday said investors, who are subscribing to mutual fund units from August 1, will have the choice of providing nomination or opting out nomination.
Also, the regulator has issued a format for nomination form and opting out of nomination through a ‘declaration form’ in this regard, according to a circular.
Further, Asset Management Companies (AMCs) have been asked to set the deadline as March 31, 2023 for nomination or opting out of nomination for all the existing individual unit holder(s) holding mutual fund units either solely or jointly, failing which the folios will be frozen for debits.
