HDFC Quiz - Choice of Nomination - 11/06/24

The last date to add a nominee in Mutual Fund investments was______

• 31st June 2024

• 29th June 2024

• 31st July 2024

• 30th June 2024

Till date, If 'Choice of Nomination' was not submitted till the last date, all the folios of Mutual Funds & Demat would freeze.

• True

• False

• Not Sure

With effect from 11th June 2023, Non-submission of ‘choice of nomination’ shall not result in freezing of Demat Accounts as well as Mutual Fund Folios.

• True

• False

• Not Sure

Payments including dividend, interest or redemption payment withheld presently by the Listed Companies/RTAs, only for ______ reason shall be processed accordingly.

• Aadhar - PAN seeding

• Changing the default bank account

• Choice of nomination

• KYC Validation

All new investors/unitholders shall continue to be required to mandatorily provide the_____ for demat accounts/ MF Folios (except for jointly held Demat Accounts and Mutual Fund Folios).

• More than 1 Bank Account

• PEP Status

• Choice of Nomination

• ASBA application

Minimum number of nominees to be added in a folio, in case of nominee Opt-in.

• 3

• 5

• 2

• 1

Since investments won't freeze, the procedure to Opt-in/Opt-out of nomination is not mandatory.

• True

• False

• Not Sure

Along with the SEBI Circular dated June 10, 2024, new, updated formats for providing Nomination and Opting-out of Nomination both in case of Demat Account and MF Folios are provided

• Yes

• No

• Not Sure

To holders those who have not made a choice of nomination in Mutual Fund investments, _______should encourage such investors to update their 'choice of nomination' by sending a communication on fortnightly basis by way of emails and SMS.

• AMCs

• RTAs

• Depository Participants

• SEBI

To holders those who have not made a choice of nomination in Demat accounts, _______should encourage such investors to update 'choice of nomination' by sending a communication on fortnightly basis by way of emails and SMS.

• Depository Participants

• AMCs

• RTAs

• SEBI