The mutual fund industry has assured that no ongoing systematic investment plan will be stopped for non-compliance on the nomination front. The assurance from the mutual funds come as the Securities and Exchange Board of India (SEBI) deadline for submission of nomination on all mutual fund schemes ends on Saturday.
A Balasubramanian, Chairman, AMFI and Managing Director of Birla Mutual Fund said no running SIP will be stopped for want of nomination and clearly that is not the intention of SEBI, as well.
