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Can an investor appoint a nominee for his investment in units of a mutual fund?

April 26, 2017appoint Investment investor mutual fund nominee units

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Can an investor appoint a nominee for his investment in units of a mutual fund?

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Yes. The nomination can be made by individuals applying for / holding units on their own behalf singly or jointly. Non-individuals including society, trust, body corporate, partnership firm, Karta of Hindu Undivided Family, holder of Power of Attorney cannot nominate.