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

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

          1. Yes, only if he/she is applying / holding units singly.

          2. Yes, only if he/she is applying / holding units jointly.

          3. No, nominee can not be appointed for his/her investments in mutual fund.

          4. Yes, Individuals applying / holding units singly or / jointly can nominate.

Answer:

          4. Yes, Individuals applying / holding units singly or / jointly can nominate.

Explanation:

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.

Src:

http://investor.sebi.gov.in/

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