You can add or change a mutual fund nominee online through MFCentral, CAMS, KFintech, the AMC website, your investment app, or your demat account provider. Log in, go to the nominee section, enter the nominee details, confirm the request with OTP or e-sign, and save the acknowledgement.
A nominee is the person who can claim your mutual fund units or proceeds after your death. A nomination does not replace a Will, but it helps your family avoid additional delays and confusion during the claims process. Checking and updating nominee details is important, especially if you have old folios, active SIPs, or investments across different platforms.
Mutual fund nomination is the process of naming a person who can claim your mutual fund units or proceeds after your death. This person is called the nominee.
For example, if you have SIPs in two mutual fund schemes and add your spouse as a nominee, your spouse can approach the AMC or RTA after your death and request transmission of units by submitting the required documents.
Transmission means transferring mutual fund units from a deceased investor’s folio to the eligible claimant, nominee, legal heir, or surviving holder, depending on the holding pattern.
SEBI issued modified nomination norms for demat accounts and mutual fund folios on May 29, 2026. The revised framework comes into effect from September 1, 2026.
Under the modified framework:
Always follow the latest process shown by the AMC, RTA, depository, broker, or investment platform.
You can nominate a person or an eligible entity you trust. This may include your spouse, children, parents, siblings, friends, NRI nominees, minor nominees with guardian details, religious or charitable trusts, local authorities, or the central government.
A minor can be a nominee, but guardian details must be added. The guardian manages the units until the minor turns 18.
Companies, partnership firms, HUFs, societies, and trusts that are not religious or charitable are usually not accepted as nominees.
Your Situation | Where You Can Update Nominee |
Folios across multiple AMCs | MFCentral |
CAMS-serviced mutual fund folio | CAMS |
KFintech-serviced mutual fund folio | KFintech |
Direct investment through AMC | AMC website or app |
Mutual funds held in demat form | Depository participant or broker |
Mutual funds held through an investment app | App profile or nominee section |
Mutual fund nomination usually works at the folio or account level.
A folio is an account number given by a mutual fund house. One folio may contain one or more schemes of the same AMC.
The process usually works like this:
If your mutual funds are held in demat form, the demat account nomination may apply. If you hold both demat and non-demat mutual funds, check the nominee details separately.
Detail | Why It May Be Needed |
Nominee name | To identify the claimant |
Relationship | To record the nominee’s relationship with the investor |
Date of birth | Required if the nominee is a minor |
Guardian details | Required for a minor nominee |
Mobile number | May be used for contact or record |
Email ID | May be used for communication |
Address | May be required by some platforms |
Identity details | May be asked by some platforms |
Percentage share | Needed when adding more than one nominee |
Platforms may ask for extra details based on their own process.
Nomination helps your family claim mutual fund units with less confusion.
It gives the fund house a clear person to deal with after the investor’s death. It can reduce delays and lower the need for extra documents in many cases.
It is also useful for long-running SIPs. A small SIP can become a large folio over time. Nominee details help the family know who should raise the claim.
Nomination also reduces confusion among family members because the nominee’s name and percentage share are recorded.
The route depends on where your mutual fund folio is serviced.
Add Nominee Through MFCentral
Steps:
Add Nominee Through CAMS
Use the CAMS nomination section if your folio belongs to a CAMS-serviced AMC. CAMS provides an online feature to declare nominee details or opt out through OTP based authentication.
Steps:
Add Nominee Through KFintech
Use the KFintech nominee updation page if your folio belongs to a KFintech serviced AMC. KFintech states that this screen supports nominee updates for mutual fund non-demat folios of individual investors where PAN is registered.
Steps:
Add Nominee Through AMC Website or App
Some AMCs allow nominee updates directly. Log in to the AMC website or app, go to profile, folio, or service request, select nominee update, choose the folio, enter nominee details, complete OTP or e-sign verification, and save the acknowledgement.
Add Nominee for Demat Mutual Funds
If your mutual fund units are held in a demat account, update the nominee through your depository participant or broker.
This matters because demat and non-demat mutual fund holdings may have separate nomination records.
Changing a nominee is similar to adding one. A fresh nomination usually replaces the earlier nomination for that folio.
Steps:
Review nominee details after marriage, divorce, birth of a child, death of an earlier nominee, or any major family change.
You can check nominee status through MFCentral, CAMS, KFintech, the AMC website or app, your investment app, or your demat account provider.
Look for sections such as nominee details, nomination status, folio details, profile, or service requests.
If the status shows no nomination or opted out, check whether that was intentional. If not, update the nominee.
Priya invests ₹8,000 every month through SIPs in two mutual fund schemes. After a few years, her total mutual fund value becomes ₹9,60,000.
She adds two nominees.
Nominee | Relationship | Share |
Amit | Husband | 70% |
Kavya | Daughter | 30% |
If Priya passes away, Amit and Kavya can approach the AMC or RTA with the required documents. Amit may receive 70% of the applicable units or proceeds, and Kavya may receive 30%, subject to verification and applicable rules.
If Priya does not mention the percentage share, allocation may be divided equally among nominees as per applicable rules.
Point | Nominee | Legal Heir | Joint Holder |
Meaning | Person named to claim units or proceeds | Person entitled under the Will or succession law | Co-holder of the folio |
Role after death | Helps with transmission claim | May have final ownership rights | The surviving holder may continue as the holder |
Added through | Nomination form or online request | Will, succession certificate, or legal documents | Folio holding structure |
Can it be changed online? | Yes, in many cases | No, legal documents are needed | Depends on the folio/account process |
Best use | Smooth claim handling | Estate distribution | Shared holding |
Nomination is useful for almost every individual investor, especially SIP investors, lump sum investors, parents investing for family goals, retired investors using SWP, investors with multiple folios, investors holding equity, debt, hybrid, index, ELSS, or ETF schemes, and investors with both demat and non-demat holdings.
Opt out only if you understand how the claim process may work later.
Before submitting the request, check:
You may need folio details, investor signature or online authentication, nominee name, relationship, date of birth, address, nominee identity details, guardian details if the nominee is a minor, and all unit holder signatures for joint folios.
Mutual fund nomination takes only a few minutes, but it can save your family from a difficult claim process later.
You can add, change, or check nominee details through MFCentral, CAMS, KFintech, AMC websites, investment apps, or your demat account provider. The right route depends on where your mutual fund units are held.
Nomination does not replace a Will. But it gives the fund house a clear claimant for transmission. Check every folio, update old details, mention percentage shares where needed, and save the acknowledgement.
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