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<h1>Regulation 29A: Asset Management Firms Must Offer Nomination Option for Mutual Fund Units to Unitholders.</h1> Regulation 29A of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, mandates that asset management companies offer unitholders the option to nominate a beneficiary for their mutual fund units in case of death. Unitholders can also nominate someone to manage transactions if they become incapacitated. For jointly held units, a collective nomination is required for the transfer of rights upon the death of all joint holders. Asset management companies and their agents are not liable for actions taken based on these nominations.