Only 11 days left to add nominees to mutual funds, demat accounts; what happens if you miss the deadline

The Securities and Exchange Board of India (SEBI), “Submission of ‘choice of nomination’ f”or trading accounts has been made voluntary as a step towards ease of doing business; With respect to demat accounts, it has been decided to extend the last date for submission of ‘choice of nomination’ to December 31, 2023.”