Expert views on will, nomination and ESG funds

Edelweiss Mutual Fund’s Deepak Jain, Morningstar India’s Kaustubh Belapurkar and Motilal Oswal Financial Services’ Navneet Damani share their expert insights on nomination, ESG funds, and gold investments.

“If you don’t have a nomination, there can two situation, a) you have a will and b) you don’t have a will. The worst of all situations will be that neither you have a will nor you have a nomination. In that case, you will have to take rounds of courts. You will have to make a list of potential legal heirs and the claim they would have. This will take a lot of time and be a cumbersome process. Even if the nomination is not there and will is there then the procedure is different. So we will advise that one should nominate to save from such difficulties,” said Damani.

“The ESG’s, wherein E stands for Environment, S for Social and G for Governance rests on the way companies operate rather than the profits of the companies. ESG schemes seek out shares of companies that adhere to the principles of environmental, social and corporate governance,” said Belapurkar.