Why do I have to update a nomination for my mutual fund holdings? How do I do this?

Nominee registration is mandatory for both demat and non-demat (physical) mutual fund holdings. In demat holding the nominee information updated in the demat account are considered. In contrast, investors holding mutual funds in physical/non-demat form must update their nominee details manually to comply with the regulatory requirements. Failure to comply with the nomination requirements may result in the account being frozen, preventing any further transactions or trading activities.

The regulation requires you to either add a nominee and additional details of nominee or opt-out of a nomination (if you do not wish to add one).

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.
- KFIN
  - Go to the KFIN website
  - Enter your PAN
  - Select the Mode of Holding and Folio Option
  - Enter the generated OTP
  - Select whether you wish to Opt-In / Opt-Out and complete the process
- CAMS
  - Go to the CAMS website
  - Choose Nomination Opt-In/Opt-Out. Alternatively, you can choose to print the form.
  - Enter your PAN
  - Choose how you want to receive the OTP and enter the generated OTP
  - Choose which funds you wish to add a nominee/opt-out
  - Select the Mode of Holding and Request Type
  - Enter/select the required details and complete the process
- Fresh Mutual Fund purchase in Physical mode (Non- Demat mode) via FundsGenie
  - Login to FundsGenie App.
  - Once you have successfully logged in, you will by default land on the 'Dashboard' page.
  - Go to the profile page by clicking on your name.
  - Scroll down to find 'Nominee Details'
  - Click on 'Edit Nominee'.
  - Now 'Nominee details' page displays.
  - Enter al the necessary details.
  - Click on 'Save Nominee'.
  - Now your nominee details are added successfully.
  - Next, select how the nominee details should be displayed in your holding statement :
    - Name
    - Status
  - Once done, click on the 'Confirm' button.
  - An OTP authentication window will pop up, where you will have to enter the OTP received in your registered mobile number.
  - Once you have entered the OTP correctly, click 'Submit,' and your nominee details will be updated successfully.

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