SEBI Extends Deadline for Mutual Fund Holders to Nominate or Opt Out to September 30, 2023.

The Securities and Exchange Board of India (SEBI) has extended the deadline for mutual fund unit holders to provide or opt out of nomination from March 31, 2023, to September 30, 2023. This decision follows feedback from market participants. Asset Management Companies (AMCs) and Registrar and Transfer Agents (RTAs) are instructed to remind unit holders to comply with this requirement through fortnightly emails and SMS. Other provisions from the previous SEBI circulars remain unchanged. This extension aims to protect investor interests and ensure regulatory compliance in the securities market.