News From Press Why you should hurry to provide nomination details in old MF folios

Why you should hurry to provide nomination details in old MF folios

Source: ET Mar 23, 2023

Regulatory guidelines require investors to have a nominee for all their mutual fund folios, or inform the fund house they do not wish to have one by March 31. Else, their folios will be frozen for debits.

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1 Comment

BeauSancy Consulting · 1 year ago `

What is usage of such sermons? Fund house website do not respond to online addition of nomination or extremely slow. SEBI guidelines to investors are of no use unless SEBI check for facilities by AMC and CAMS & KARVY so facilitate investors. Tried for two hours on SBIMF website but not a single folio could be updated with nominee. The other day tried on CAMS, it permits only one OTP per day. Has someone to look into this at SEBI or AMFI?

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