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  • Nomination Form - Principal Mutual Fund 2020

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A nominee is someone you have chosen and nominated to receive the mutual funds after your death. Nominees also act as the trustees of the assets. But the catch, as per law, is so only until it is legally transferred to the rightful legal heir.

Principal Mutual Funds, often abbreviated to PMF, was previously known as IDBI PRINCIPAL Mutual Fund. However, the IDBI Group is no longer associated with the fund house. It was incorporated decades ago in 1991, but was only set up in 1994.

You simply have to log-on to the 'Online Transaction' page of the desired Mutual Fund and log-in using your Folio Number and/or the PAN, select the Scheme and the number of units (or the amount) you wish to redeem and confirm your transaction.

In the latest significant move, Sundaram Mutual Fund (MF) acquired Principal Mutual Fund. This merger took place on 31st December 2021.

The money that you invest in a mutual fund scheme is your principal and the excess that you may earn on it gets compounded over the investment period. Effectively speaking what happens here is that excess earned on your principal investment gets added back to your principal.

In a circular dated on June 15, 2022, Sebi made the nomination mandatory for the existing mutual fund folios, including the jointly held ones by August 1, 2022. The deadline was later extended to October 1, 2022, and then, to March 31, 2023.

You can add or update the nominees in your Mutual Fund holding by submitting a physical request at the nearest AMC/RTA branch. Alternatively, it can also be done online on the AMC/RTA website or on mfcentral.com. Login to your account and choose the folio under which you want to add/update nominees.

In the case of a Mutual Fund company shutting down, either the trustees of the fund have to approach SEBI for approval to close or SEBI by itself can direct a fund to shut. In such cases, all investors are returned their funds based on the last available net asset value, before winding up.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232