Unclaimed assets may soon be past, Digilocker to now store details of your shares, mutual fundsFrom April 2025, DigiLocker users can store and access details of their demat and mutual fund holdings. This new feature aims to tackle the...
Explained: How to check unclaimed assets in stocks and mutual funds in DigilockerSebi will implement measures from April 1, 2025, to reduce unclaimed assets in the securities market. These include handling inactive accou...
Sebi allows storage, access of demat, mutual fund holdings in DigiLocker. Check 4 benefitsSEBI has integrated DigiLocker to help investors securely store and access their demat and mutual fund holdings. The initiative simplifies ...
Sebi modifies guidelines on nomination facilities in securities marketMarkets regulator Sebi on Friday modified its guidelines and issued necessary clarifications on nomination facilities in the securities mar...
Sebi changes nomination rules for demat account, mutual fund investmentsThe number of nominees will now be increased from three to 10. Additionally, nominees will be permitted to act on behalf of incapacitated i...
Demat and mutual fund accounts won't be frozen for not filing nomination: SebiIn a circular, the markets regulator said, based on representations received from participants, for ease of compliance and investor conveni...
What first-timers need to begin their mutual fund journey?The right scheme for investment should be chosen based on the time horizon, risk profile and tax implications. For example, if you are look...
Has the last date to add nominee to mutual funds been extended?Note that if the nomination is not registered within the timeframes, transactions such as Redemptions, SWP, Switch, STP will be frozen in t...
Your Demat, MF investments might be frozen if nominated details are not updated by Sept 30On June 15, 2022, Sebi made the nomination mandatory for the existing mutual fund folios, including the jointly held ones by August 1, 2022...
Give nominee details for mutual funds by this date to avoid MF folio getting frozenMF nomination last date: To avoid having their folios frozen for debits, all current holders of individual mutual fund units must designate...
What is 'transmission' in mutual funds?Fund houses have a common process for transmission of units, though there could be minor variations in documents and formats.
CCI approves acquisition of L&T AMC by HSBC Asset ManagementThe transaction involves the acquisition by HSBC AMC and its nominees of 100 per cent share capital of L&T AMC from L&T Finance Holdings Lt...
RBI nixes Muthoot Finance's plan to acquire IDBI Mutual FundMuthoot Finance had proposed to purchase 100 equity shares of IDBI AMC and IDBI MF Trustee Company held by the sellers for a total consider...
How nominations work in insurance policies, bank accounts, shares, mutual funds, PPFA nomination is a very effective tool to access assets such as PPF, mutual fund etc. in case of death. If there is no nomination, the legal...
How to pass on your MF holdingsWhen a nomination is registered, it will facilitate easy transfer of funds to the nominee(s) in the event of demise of the investor.
MF queries answered by Amol Joshi, Founder, PlanRupee Investment ServicesMutual funds can be used for short-term funds parking (liquid funds) to long-term wealth creation (diversified equity funds) as well as to ...
ET in the classroom: Nomination in a Mutual FundWhile making an investment in a mutual fund, an investor can nominate a person to whom the mutual funds will be transferred on his or her d...