The September 30, 2023, deadline for updating the nomination for your mutual fund (MF) investments is drawing near. However, many investors are yet to complete this task. As per the records of the registrar and transfer agent (RTA) CAMS, there are as many as 25 lakh PAN holders that are yet to update their nomination details. That means, these PAN holders have still not managed to either select a nominee/s or opt out of nomination of their MF folios. If the data for the other RTA, KFinetch were to be added, the number would be even larger. An email sent to KFintech on this remained unanswered.
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