Wef 1st April 2011, Nomination details in mutual fund Investments is mandatory

With effect from 1st April 2011, Nomination details in mutual fund Investments is mandatory for new investments in mutual funds (creating new folio) In case you don't wish to add a nominee, you need to submit
a declaration confirmation about your non-intention of nominee

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Nomination by a unit holder shall be applicable for investments in all schemes in the folio
or account.
ii. In case a folio has joint holders, ALL Joint holders should sign the request for
nomination/cancellation of nomination, even if the mode of holding is not "Joint".
iii. Every new nomination for a folio/account will overwrite the existing nomination.
iv. Nomination shall not be allowed in a folio held on behalf of a minor.
v. Investors who do not wish to nominate must sign separately confirming their nonintention
to nominate.
vi. Nomination by a unit holder shall be applicable for investments in all schemes in the folio.
vii. Nomination form cannot be signed by Power of Attorney (PoA) holders.

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