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.
    • KFIN

      Step 1. Go to the KFIN website
      Step 2. Enter your PAN 
      Step 3. Select the Mode of Holding and Folio Option
      Step 4. Enter the generated OTP
      Step 5. Select whether you wish to Opt-In / Opt-Out and complete the process
    • CAMS
                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 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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