Why do I have to update a nomination for my mutual fund holdings? How do I do this?
As per SEBI regulations, is mandatory for investors to complete the nomination requirements for their demat and non-demat (physical) mutual fund holdings by 31st March 2023. If you fail to do so, the account will be frozen and you will not be able to trade/transact.
The regulation requires you to either add a nominee or opt-out of a nomination (if you do not wish to add one) by 31st March 2023.
- Mutual funds held in your demat account: The nominee registered with your demat account will be applicable for such holdings. Learn how to add a nominee to your demat account.
- Mutual funds held physically (non-demat): Can be update through KFIN or CAMS.
- KFINStep 1. Go to the KFIN websiteStep 2. Enter your PANStep 3. Select the Mode of Holding and Folio OptionStep 4. Enter the generated OTPStep 5. Select whether you wish to Opt-In / Opt-Out and complete the process
- CAMS
- KFIN
Step 1. Go to the CAMS website
Step 2. Choose Nomination Opt-In/Opt-Out. Alternatively, you can choose to print the form
Step 3. Enter your PAN
Step 4. Choose how you want to receive the OTP and enter the generated OTP
Step 2. Choose Nomination Opt-In/Opt-Out. Alternatively, you can choose to print the form
Step 3. Enter your PAN
Step 4. Choose how you want to receive the OTP and enter the generated OTP
Step 5. Choose which funds you wish to add a nominee/opt-out
Step 6. Select the Mode of Holding and Request Type
Step 7. Enter/select the required details and complete the process
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