How to update nominees in mutual funds
Important links to update the nominees in the existing funds
6/28/20252 min read
🔐 Why It’s Crucial to Update Nominees in Your Mutual Fund Investments
Did you know that thousands of crores of investor wealth remains unclaimed in India?
One of the biggest reasons:
👉 Investors did not add a nominee to their investments,
or
👉 The nominee was never informed or not updated in the folios.
In either case, it results in lengthy legal procedures, unnecessary paperwork, and emotional stress for the family members.
✅ Why You Must Add/Update Nominees
As a mutual fund investor, ensuring that your nominee details are correctly updated is not just important, it’s mandatory. In fact, SEBI has made it compulsory to either:
Add a nominee, or
Opt out with a signed declaration
Failing to do so can lead to your folios being frozen for any debit transactions (including redemptions).
📝 What Can Happen If You Don't Add a Nominee?
Family may be unaware of your investments
Unclaimed money gets stuck in the system
Legal heirs must go through time-consuming claim processes
Financial goals for dependents can get delayed
Let’s not let your money go unclaimed. Here’s how you can quickly update nominee details in your mutual fund investments.
🔗 Update Your Nominees Online (Takes Less Than 5 Minutes)
Please use both of the following platforms depending on where your mutual funds are serviced:
1️⃣ Update via KFintech
Works for AMCs like Axis, Nippon, HDFC, Franklin, etc.
Enter your PAN and authenticate via OTP
Select your folios and add/edit your nominee
You can also opt out (declaration required)
2️⃣ Update via CAMS
Works for AMCs like ICICI, SBI, Aditya Birla, Kotak, DSP, etc.
Enter your PAN, verify via OTP
View folios and update or opt out of nominee
Works on mobile and desktop
👨👩👧👦 You Can Add Up to 3 Nominees
Each nominee can be assigned a percentage share. You can also change or remove them later if needed.
No physical form needed — the process is 100% online and takes just a few clicks.
📌 Final Reminder
Adding a nominee is a small step — but one that ensures your hard-earned money goes to the right person without delays or complications. Don’t wait for a reminder. Do it today.
Need help?
We at Niveshvidya.in are happy to assist you with any part of the process.
📩 Write to us at: admin@niveshvidya.in
📱 WhatsApp: 8823021799
🔒 Your investments, secured for your family.