r/IndiaInvestments
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  • Introduction
  • Disclaimers and Disclosures
  • FAQs
    • FAQs
    • Mutual Funds and ETFs
      • What is the best mutual fund app for investments?
      • Why should I invest in Direct Plans instead of Regular Plans?
      • What’s the best mutual fund I can invest in?
      • Which date(s) is/are best for SIP in a month?
      • I’ve to invest in ELSS for 80C tax saving. Which fund(s) should I pick?
      • Should I get a Demat Account to buy units in Mutual Funds?
      • Lumpsum investment vs SIP/DCA
      • Why are Index Funds in India not as cheap as Vanguard's Index Funds and ETFs?
    • Insurance
      • Should I invest in this LIC policy?
      • Opinions on investing in smart wealth plan by bank?
      • Up to what age should I take term cover?
      • Do I need my own health insurance? Employer already has group policy
      • Should I take top-up policy or super top-up?
      • Is it worth paying extra premium for term insurance?
    • Stocks
      • Should I invest in smallcase?
      • What is the best app for buying or trading stocks?
      • Which screener(s) should I use?
      • The Stock Market Has Crashed. Which Stocks Should I Buy?
    • Foreign Investing
      • Why should I invest in the US markets?
      • How should I invest in US equity?
    • Tax
      • I don't have any tax to pay. Do I still have to file ITR?
    • Miscellaneous
      • Where can I park money for a few days, a few months, or a few years?
      • What are chit funds? Should I invest?
      • Is Gold a good investment now? It has gone up ~50% this year
  • How To
    • How To
    • How to transfer shares from one demat account to another
    • How to move from one mutual fund platform to another
    • How to switch a Mutual Fund from Regular to Direct Plan
    • How to file SEBI SCORES complaint?
    • How to Update Nominee Details?
    • How to rematerialize mutual fund from demat form
    • How to Pay Advance Tax
  • STOCKS
    • Introduction to the Stocks Series
    • Can You Beat the Market?
    • Reading an Annual Report
    • Researching a Sector
    • Financial Metrics and Ratios
      • Profitability
    • Using Screeners
    • Due-Diligence Checklist
    • Work in Progress
      • Diving Deeper into Businesses
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  • EXCEL
    • Excel for Fun and Profit
    • Reactive UI & Updates
    • Using External Data : Google Finance
    • Using External Data : Working with CSV Format
      • CSV Format
      • Computing LTCG Eligible Equity Units
      • Process for Estimating Tax
    • Quantifying Returns: CAGR and XIRR
      • CAGR: Point-to-Point Annualized Returns
      • A Gentle Introduction to XIRR
      • A Rigorous Introduction to XIRR
  • BONDS
    • Bond Basics
    • Government Securities
    • Corporate Bonds
  • MISCELLANEOUS
    • Miscellaneous
    • US Investing
    • Recommended Reading
  • New to Investing
    • Zero to Investing
      • Getting Started
      • Part Two - Defensive Setup
      • Part Three - Spending Pattern
      • Part Four - How to Invest
    • Investment Philosophy and Strategy
      • Basics of Investment Strategy Plan
      • A simple Financial Planning Roadmap
      • Various types of Risks in Investments
      • Are you a Stock or Bond?
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      • Lumpsum or SIP/STP
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        • Life Insurance: What it is exactly?
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        • ULIP - Unit Linked Insurance Plan
        • Some FAQs on Life Insurance
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      • Health
      • Others: Disability / Home
      • Child Plan
    • All About Mutual Funds
      • What is a Mutual Fund?
      • Types of Mutual Funds
      • What and Why of Mutual Fund Ratings
      • How to Select a Mutual Fund
      • FAQs for Mutual Funds
      • SIP and Mandates
      • How to Become Crorepati using Mutual Funds
      • Analysis using long term equity and debt funds in India
    • Retirement
      • Primer on Retirement Planning
      • Why You should not Opt for a Readymade Pension Plan
      • Studies of Long Term Portfolios and Retirement Withdrawal Rate Suggestions
      • Do-It-Yourself Retirement Plan
    • Personal Finance
    • Behavioral Biases
    • ELI5 Series
      • Time Value of Money
      • Inflation
      • Life Insurance
      • ELI5 guide to Selecting an Equity Mutual Fund
      • How do I start investing in mutual funds [ELI5 series]
      • Mis-selling of Insurance Products
  • BEGINNER'S GUIDE TO INVESTING
    • Zero To Investing
      • The First Step - Emergency Fund
      • The Final Step - Mutual Funds
  • Contributors Section
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    • What is a Contributor License Agreement and why are we using it?
      • Contributor License Agreement
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  • Discord and Reddit
    • How to Search the Wiki From Discord
    • I'm unable to send messages to stocks-fundamentals channel on Discord. Why?
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On this page
  • Intro 👋
  • Mutual Fund Folios 📒
  • Option 1: MFUtility
  • Option 2 : Visiting an RTA Office
  • Option 3 : Online Update
  • Option 4: Through Broker / RIA / Distributor
  • Demat Account : Stocks & Bonds 📈
  • Bank Accounts 🏛️

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  1. How To

How to Update Nominee Details?

Step-by-step detailed guide on how to update nominees in your mutual fund investments, or securities holdings in Demat account, or even across your bank accounts.

PreviousHow to file SEBI SCORES complaint?NextHow to rematerialize mutual fund from demat form

Last updated 3 years ago

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Intro 👋

Let us first begin with what nomination means.

According to AMFI (Association of Mutual Funds in India):

Nomination is a facility that enables an individual unit-holder (including sole proprietor of sole proprietary concern) to nominate a person, who can claim the units held by the unit-holder or the redemption proceeds thereof in the event of death the unit-holder.

In short, nominees do not inherit the assets after the death of the unit holders. They are responsible for distributing the assets, as per the will, or to the legal heir of said unit-holder.

Nominees are usually added to a mutual fund folio at the time of its creation; but it can also be added or altered at a later phase.

Mutual Fund Folios 📒

There are various ways to go about updating nominee details in mutual fund folios.

Option 1: MFUtility

The easiest and fastest way to update nomination for all mutual fund folios, across fund houses (AMCs) is to update the same via .

💡If you don't have an MFUtility account, this convenience alone is worth it to sign up for one.

You'd need to fill out a nominee update form, which can be found below

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Investor needs to print the form, duly fill it as instructed, and then can do one of the following:

  • Send it to MFUtility head office at Thane, Maharashtra; via registered post. Address is mentioned at the bottom of the form.

  • Visit a CAMS or KFinTech office in your city, and submit the form there.

This will update the nominees for all the mutual funds folios, mapped with the Common Account Number(CAN). Benefit of this process is to use one single form, and update all nominees, across all folios with all mutual fund houses, that have been mapped to the CAN.

Option 2 : Visiting an RTA Office

Another way to update nominee details is to visit the nearest office of the AMC, or the nearest Registrar and Transfer Agents (RTA) office. RTAs are responsible for managing the records of investor folios, for the AMCs.

There are predominantly two RTAs these days — CAMS and KFinTech,;and together they serve all the AMCs (except Franklin, which is served by FTAMIL presently, though they plan on moving to one of the two major RTAs).

You can find the RTA responsible for a particular AMC, by checking these links below:

Investors can download the nominee update form from the website of the AMCs or download a generic form, from the RTA’s website.

Disadvantage of using this method - investors need to fill a separate form for every AMC in which they want to update the nominee details, and submit the form physically at the nearest center. In some cases, one might even need to fill out one form for each folio.

Or, with the RTA forms, one would need to find out which RTA their AMC is using for record-keeping, and pick specific form.

Above links, to nomination forms on websites of RTAs and MFUtility , may change in the future. Always download latest versions of these forms from the official website of the entities as mentioned.

Option 3 : Online Update

⚠️This is not applicable for all AMCs.

Some AMCs (like DSP Mutual Fund, at the time of writing this) allow investors to update nominee from their investor portal.

Just log on the portal and visit the folio section, and you will find nominee details.

Option 4: Through Broker / RIA / Distributor

Plenty of us invest through third party platforms, in mutual funds - Coin, Groww, Kuvera, PayTM Money, INDMoney, FundsIndia, ScripBox, Wealthy.in, ICICI Direct, HDFC Securities etc.

In such cases, it'd be instructive to follow up with respective platform's service team. They'd be able to guide you better with respect to nominee update process, specific to their platform.

For the mutual funds units that are held in demat (for instance, Zerodha Coin or HDFC Securities), nominee(s) will be same as the nominee(s) for the trading and demat account.

If the investor updates the nominee for their demat account, the nominee will be updated for all the folios held in the demat account with the respective broker.

Demat Account : Stocks & Bonds 📈

Steps to update the nominee for trading and demat account is similar for all the brokers.

Investors can, and should, directly contact their broker’s support teams for the exact process for updating nomination.

Generally, the first step is to download and print the nomination form from the website of the broker.

Copy the text and replace “Name of broker” with the name of your broker.

"Name of Broker" AND "Nomination"

For e.g. if the investor wants to update the nominee for demat account with HDFC Securities then they can search for:

“HDFC Securities” AND “Nomination”

Visit the link that is from the website of the broker and the form will be available on the page.

Once the form has been duly filled, investor can send the nomination form with an attested proof of identity, to the registered office of the broker.

For brokers with pan-India presence, investors can also submit the form to the nearest office. These are usually traditional brokers like ICICI Direct, HDFC Securities etc.

Some brokers charge a service fee for updating nomination. For e.g. Zerodha charges ₹25+18% GST, at the time of writing.

Bank Accounts 🏛️

To update nominee in a bank account, usually you've to visit the local branch with identity proof, close to your residence, for that bank.

However, some banks these days, do allow updating these details via their app / web portal. It's best to contact email or call or chat support of your bank, or just checking their website once, before physically visiting a branch to update nominee(s).

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For CAMS, . If the AMCs you invest with are using KFinTech, then .

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MFUtility
Link to nomination change form
archive.is link
google webcache link
List of AMCs served by CAMS
List of AMCs served by KFinTech
archive.org link
archive.is link
google webcache link
nomination forms are available here
use this link
MFUtility
CAMS
KFinTech
HDFC Securities Demat Nomination Form - Dark Mode
HDFC Securities Demat Nomination Form - Light Mode