Money Guru: Why Is Nominee Necessary In A Mutual Fund? Know The New Rules Of Nominee In Investment
Zee Business Video Team | Updated: June 17, 2022 11:28 PM IST
The Securities and Exchange Board of India has made nominations for mutual fund unit holders as optional. All new investors who join mutual funds from August 1, 2022, will have to give the option of nomination form or opt out declaration form. Account will be frozen if the nomination process is not completed. Difficult to get money if there is no nominee: Optima Money Managers, Founder, Pankaj Mathpal. Watch Money Guru.
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