Deadline: Deadline so as to add nominees in MFs, demats prolonged

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Deadline: Deadline so as to add nominees in MFs, demats prolonged

NEW DELHI: Sebi on Wednesday prolonged the deadline to June 30, 2024 for demat and mutual fund account holders to supply a nomination. Earlier, the deadline to appoint a beneficiary or decide out of it by submitting a declaration type was December 31, 2023.
The transfer is aimed toward serving to buyers to safe their property and move them on to their authorized heirs.