Capital Markets regulator SEBI on Wednesday said that investors subscribing to mutual fund units from August 1 will have the option to nominate or opt out. In this regard, the regulator has issued nomination form and nomination disqualification format through 'Declaration Form'.

In addition, asset management companies have been asked to set a deadline of 31st March, 2009 for disqualification of nominations or nominations for all existing individual unit holders (s) who hold mutual fund units individually or jointly. .

Under the new framework, AMCA will provide the unit holder (s) with the option to submit a nomination form or declaration form to opt out of physical or online nominations as per the choice of the unit holder (s).