A tenth of MF folios yet to comply with nomination rules ahead of March 31

As of end-February, total MF accounts was 144 million

Even as the deadline for filing mutual fund (MF) nomination or opting out is drawing closer, a fairly large number of investors are yet to comply.

Registrar and transfer agents (RTAs) estimate the count of such MF accounts (known as folios in MFs) to be about 10 per cent of total folios.

As of end-February, the total number of folios was 144 million.

The Securities and Exchange Board of India has made it compulsory for MF investors to register a nominee for their investments or declare their unwillingness. Investors failing to register their choice by March 31 will not be