Sebi Overhauls Nomination Rules to Curb Unclaimed Financial Assets
The Securities and Exchange Board of India (Sebi) announced a major simplification of the nomination process for demat accounts and mutual fund folios on Friday, aiming to streamline investor procedures and reduce the growing volume of unclaimed financial assets. Effective September 1, 2026, the new framework mandates that individuals opening single-holder accounts must either designate…
