Understanding Nominees on Groww
Groww allows you to designate a nominee for your investments. This can be a spouse, child, parent, or anyone close to you. By adding a nominee, you simplify the process for them to inherit your mutual funds or stocks upon your demise.
How to Add Nominee in Groww?
Investing in mutual funds and stocks can be a smart way to secure your financial future. But have you considered what happens to those investments in the unfortunate event of your passing? This is where nominating a beneficiary comes in. A nominee is someone you authorize to inherit your holdings, ensuring a smooth transition and avoiding complications for your loved ones.