I have invested in various MF like ICICI, Quant etc. There are two companies handling these MF namely KFinTech and CAMS. how do I ensure that in any unforseen circumstance that the return on the invested amount goes to my nominee and what is the procedure for the same?
Ans: Ensuring your investments are protected for your loved ones is crucial. To safeguard against unforeseen circumstances, ensure you have nominated a beneficiary for each investment. Review and update these nominations regularly, especially after major life events. Additionally, maintain clear records of your investments and keep your nominee informed about them. This thoughtful preparation ensures that your hard-earned investments reach your loved ones smoothly when the time comes.