The Securities and Exchange Board of India (SEBI) has extended the deadline for adding nominees in mutual funds and demat accounts. The regulatory body has taken this decision in order to provide more time to investors to comply with the new norms.
SEBI has extended the deadline for adding nominees in mutual funds and demat accounts from March 31, 2022, to June 30, 2022. This decision has been taken in view of the difficulties faced by investors in complying with the new norms within the stipulated deadline.
The extension of the deadline is a welcome move for investors who were finding it difficult to add nominees in their mutual funds and demat accounts. SEBI’s decision to provide more time for compliance will help investors in ensuring that their investments are in order.
The new norms introduced by SEBI require investors to add nominees in their mutual funds and demat accounts in order to ensure that their investments are well-protected. The extension of the deadline will provide investors with the opportunity to complete the necessary formalities without any undue pressure.
SEBI’s decision to extend the deadline for adding nominees in mutual funds and demat accounts is in line with its efforts to safeguard the interests of investors. By providing more time for compliance, SEBI has shown its commitment to ensuring that investors are able to adhere to the new norms without facing any inconvenience.
Investors are advised to take advantage of the extended deadline and ensure that they add nominees in their mutual funds and demat accounts as per the new norms. This will help in safeguarding their investments and ensuring that their financial future is secure.
In conclusion, SEBI’s decision to extend the deadline for adding nominees in mutual funds and demat accounts is a positive development for investors. The extension of the deadline will provide investors with the necessary time to comply with the new norms without any hassle. It is important for investors to take advantage of this opportunity and complete the formalities within the extended deadline in order to protect their investments. SEBI’s proactive approach towards safeguarding the interests of investors is commendable, and investors should make the most of the extended deadline to ensure that their investments are in order.
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