Friday, May 17, 2024
Home News Mutual fund investors get time till March 31 to nominate beneficiary

Mutual fund investors get time till March 31 to nominate beneficiary

Investors in existing mutual funds have until March 31 to nominate a beneficiary or withdraw by submitting a declaration; otherwise, their folios will be frozen and they will be unable to redeem the investments. The Protections and Trade Leading body of India (SEBI), in its round dated June 15, 2022, had made it required for shared store clients to submit assignment subtleties or statement of exit from designation on or after August 1, 2022. The due date was later extended to October 1, 2022. The mutual fund folios that are currently held jointly must be closed by March 31, 2023, or they will be frozen for debit. Niranjan Babu Ramayanam, COO of Anand Rathi Wealth Ltd., said that many investment accounts have been opened in the past without specifying who should receive the assets in the event that the account holders become ill or die. This indicates that the true heir was.

RELATED ARTICLES

Markets end FY23 in style; Sensex Nifty rally nearly 2% on firm global trends

Market, The final day of the fiscal year 2022-23 saw gains for benchmark indices, with a gain of nearly 2% on Friday, extending gains for...

Day trading guide for today: 6 stocks to buy or sell on Friday — 31st March

Trading, Day trading guide for today: Indian shares gained on Wednesday as global markets' increased risk appetite was aided by easing in the banking industry....

Financial, IT stocks aid Indian shares snap three-month losing streak

Financial, By Bharat Rajeshwaran BENGALURU (Reuters) - Indian shares rose on Friday, supported by a higher weighting of financial stocks and information technology (IT) stocks,...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

SIGNUP & GET $10000 BONUS

Most Popular

Trading the Inside Bar Pattern on Pocket Option Platform

Inside Bar Pattern Introduction Price movement on a chart is examined in price action trading. You may use candlesticks to predict where prices will move...

“Unlocking the Secrets: 4 Tricks of Successful Traders on Pocket Option Platform”

For a year, I have been trading on the Pocket Option platform. I sometimes succeed and sometimes fail. However, I was confident that if...

Identifying Mistakes That Lead to Losses on Pocket Option

Why do people lose their money when trading binary options New traders frequently take a significant financial risk while trading binary options. As a result,...

Weekly Income Plan on Pocket Option Platform”

Get weekly returns on Pocket Option It turned out that October was a terrific month for me. I am still able to generate money every...

Recent Comments