ARIAtrulycares is an initiative to help investor families on financial matters based on specific challenges or situations.
A nominee can be anyone from your family members, including parents, spouse or siblings in certain cases.
Experts share insights on the nomination, ESG funds, and gold investments.
Nomination is required to appoint one or more individuals to accept the asset as custodian following the death of the original owner
The deadline for existing eligible trading and demat account holders to provide the choice of nomination is March 31, 2022.
Most people are not too aware about asset planning and their successors might face challenges afterwards
While a will supersedes all nominations, the process takes time. If nominations are in place, at least immediate financial requirements can be met
Nomination enables the asset holder to nominate (propose or formally enter as a candidate) an individual to claim the proceeds upon his/her death
Watch this series of videos to understand how the nomination process works