Capital markets regulator Securities and Exchange Board of India (SEBI) on Wednesday extended the deadline for demat and mutual fund account holders to provide a nomination. Earlier, the deadline to nominate a beneficiary or opt out of it by submitting a declaration form was December 31, 2023. The communication should provide guidance to provide nomination or opt out of nomination. To update mutual fund nominations online, one needs to visit the Mutual Fund house’s official web portal or NSDL website. The nomination form must be signed by all the unit holders.

Source: Mint December 28, 2023 15:44 UTC