SEBI Revolutionizes Mutual Fund Nominations: Investors Can Now Choose Up to 10 Beneficiaries

The Securities and Exchange Board of India (SEBI) announces a new breakthrough change where a mutual fund investor can nominate 10 people for his or her account from 1 March, 2025. This move is meant to enhance asset management and reduce the unclaimed assets, especially during investor incapacity or death. Investors must, therefore, submit information regarding identification details about their nominees. This new flexibility can help to do better asset allocation among family members and makes it easier to transmit assets to nominees. 

Source: Business Today,Business Standard