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Sundaram Mutual Fund Nomination Form

Sundaram Mutual Fund Nomination Form

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market regulator sebi has announced new rules surrounding mutual fund nominations so from the 1st of august this year any new investors in mutual funds will have the choice of either providing their nomination or they can simply opt out by signing a declaration form so what happens if you are an existing investor for investments made prior to the 1st of august sebby has asked mutual fund houses to set the 31st of march 2023 as a deadline for either adding a nominee to your investments or like the new investors you too will have the choice to opt out but remember that not providing nomination details does not equate to opting out you will have to actively fill the declaration form saying that you don't want to nominate anyone and here's the catch a big one at that too uh failing to comply with this provision will result in the freezing of full folios for cell transactions which means that your investments can continue as is but you will not be able to sell them or redeem them till such

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