Why should I add a nominee when I invest in mutual funds through PhonePe?

By adding a nominee, you can ensure that your funds/holdings are transferred easily to a family member in case of any unfortunate event. You can add any family member who is 18 years old and above as your nominee. 

Note: As per SEBI guidelines, every individual who has already invested in PhonePe or will be investing in mutual funds through PhonePe need to verify their nominee details on or before September 30th, 2023.