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<h1>SEBI Mandates Mutual Fund Investors to Nominate Beneficiaries or Opt Out by March 31, 2023, to Avoid Account Freeze.</h1> The Securities and Exchange Board of India (SEBI) issued a circular requiring mutual fund unit holders to either nominate a beneficiary or opt out of nomination by submitting a signed declaration. This applies to investments made on or after August 1, 2022. Asset Management Companies (AMCs) must provide both physical and online options for this process, ensuring security and confidentiality. Existing unit holders must comply by March 31, 2023, or their accounts will be frozen for debits. This directive aims to standardize procedures across the securities market and safeguard investor interests.