Why is nomination important in Mutual Funds and what is the process for it?

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You may have many goals and dreams in life. You invest your hard-earned money to fulfil those dreams and aspirations. You may also invest to help your loved ones achieve their dreams—both during your life and in your absence.

Everyone has certain goals in life, some dreams to achieve. Every goal also needs some planning and not to forget, finance. One invests their hard-earned money to fulfil those dreams and aspirations, their own as well as their near and dear ones.

Life can be full of surprises. One would expect that after his/her demise, logically, you’re their investments would pass on automatically to their partner, or children. But in real life, it may not be an easy or seamless process. Let’s take the example of Rajiv Gupta to understand why.

Rajiv Gupta had

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