SEBI Extends Mutual Fund Nomination Date: The Securities and Exchange Board of India (SEBI) on Tuesday decided to extend the nomination deadline (MF Nomination Deadline Extended), giving great relief to Mutual Fund Investors.
Now investors will be able to complete the nomination work by September 30, 2023. Earlier, the deadline for nomination was ending on March 31. SEBI had issued a circular in July 2022 informing that in case of non-completion of nomination by March 31, investors may suffer huge losses.
Complete the nomination work by September 30, 2023
SEBI issued a notification on March 28, 2023, telling mutual fund investors that as per the circular in June and July 2022, the deadline for completion of nomination in all single and joint mutual funds was March 31, 2023, which has now been extended to September 30. Is. Now investors will get time till September, 2023 to complete the nomination work. In case of not doing so, the account will be frozen. Along with this, SEBI has also extended the nomination deadline for demat and trading accounts to 30 September.
Actually, SEBI is insisting on mutual fund investors to complete the nomination because if a mutual fund investor dies before the maturity of the scheme, then in such a situation there is no way to transfer his assets to someone else. Don’t be in trouble
How to add nominee in mutual fund?
You can do the work of mutual fund nomination both online and offline.
To complete the nomination through online mode, visit the official website of your mutual fund.
Here you will see the option to add nomination. By clicking on this, complete the work of nomination.
PAN Aadhaar linking deadline extended
On Tuesday, the central government also extended the deadline for linking PAN with Aadhaar. Now taxpayers will be able to link their PAN with Aadhaar till June 30, 2023. To give information on this matter, the Finance Ministry issued a press release saying that in order to give taxpayers a little more time, the deadline for linking PAN and Aadhaar has been extended from March 31 to June 30, 2023.
