# How to update nominee details?

## I want to add / remove / edit nominee(s) in my folio. What are the steps that I should follow to achieve this?

Let us first start with what is nomination. According to AMFI¹:

*Nomination is a facility that enables an individual unitholder (including sole proprietor of sole proprietary concern) to nominate a person, who can claim the Units held by the unitholder or the redemption proceeds thereof in the event of death the unitholder.*

Nominees **do not** inherit the assets after the death of the unit holders. They are responsible for distributing the assets as per the will or to the legal heir.^{2 3}

Nominees are added to a mutual fund folio at the time of its creation.

### Option 1 : Via MFUtility

The easiest and fastest way to update nomination for all mutual fund folios across fund houses (AMCs) is to update is via MFUtility. If you want to know more about MFUtility check [here](127.0.0.1).

The form for updating nominee can be found here: <https://www.mfuindia.com/ServiceRequests>

[Wayback Machine](https://web.archive.org/web/20210308062347/https://www.mfuindia.com/ServiceRequests)

The investor needs to print the form, fill it and then send it to MFUtility Head Office at Thane via post. The address is mentioned at the bottom of the form.


Investors can also submit the form with the RTAs. Refer **Option 2** for more information about RTAs.

This will update the nominees for all the mutual funds folios mapped with the Common Account Number(CAN).

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### Option 2 : Visiting RTA office

The second way to update nominee details is to visit the nearest office of the AMC or the nearest Registrar and Transfer Agents(RTA) office. RTAs are responsible for managing the records of folios for the fund houses.

There are two RTAs — CAMS and KFintech, and together they serve all the AMCs. You can find the RTA responsible for an AMC by checking the links below:

<https://www.camsonline.com/InvestorServices/COL_ISMutualFunds.aspx>

<https://mfs.kfintech.com/investor/>

Investors can download the nominee update form from the website of the AMCs or download a generic form from the RTA's website.

For CAMS, the forms are available at: <https://new.camsonline.com/Investors/Service-requests/Service-Request-Forms>


For KFintech, the forms are available at:
<https://mfs.kfintech.com/mfs/Generalpages/serviceRequest.aspx>#


The disadvantage of using this method is that the investors need to fill a separate form for every AMC in which they want to update the nominee details and submit the form physically at the nearest center.

Investors can find the nearest centers using the following links:
For CAMS: <https://new.camsonline.com/Investors/Support/CAMS-Location&Service-center>
For KFintech: <https://mfs.kfintech.com/mfs/Generalpages/locateUs.aspx>

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Some AMCs like DSP allow investors to update nominee from their investor portal. Just log on the portal and visit the folio section, and you will find nominee details.


Click on edit details and update it.


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For the mutual funds units that are held in demat (Zerodha Coin), the nominee will be same as the nominee for the trading and demat account. If the investor updates the nominee for their demat account, the nominee will be updated for all the folios held in the demat account with the respective broker. Holding mutual fund units in Demat format is not advisable for general investors. Refer [here](https://indiainvestments.gitbook.io/content/faqs/should-i-get-a-demat-account-to-buy-units-in-mutual-funds) to understand the reasoning behind it.

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## I want to add / remove / edit nominee(s) with my broker. What are the steps that I should follow to achieve this?

The steps to update the nominee for trading and demat account is similar for all the brokers.

**Investors can and should directly contact their broker's support team for the exact process for updating nomination.**

Generally, the first step is to download and print the nomination form from the website of the broker.

Copy the text and replace “Name of broker” with the name of your broker.

`"Name of Broker" AND "Nomination"`

For e.g. if the investor wants to update the nominee for demat account with HDFC Securities then they can search for:

“HDFC Securities” AND “Nomination”


Visit the link that is from the website of the broker and the form will be available on the page.


Once, the form is filled the investor can send the nomination form with an attested proof of identity to the registered office of the broker.

For brokers with pan India presence, investors can also submit the form to the nearest office. These are usually traditional brokers like ICICI Direct, HDFC Securities etc.

**Some brokers charge a service fee for updation of nomination.
For e.g. Zerodha charges ₹25+18% GST**

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The links to the RTAs and MFUtility may change in the future. Always download forms from the official website of the entities.

For MFUtility : https://www.mfuindia.com/
For CAMS : https://new.camsonline.com/
For KFintech : https://www.kfintech.com/

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1) <https://www.amfiindia.com/investor-corner/investor-center/nominations.html>

2) https://www.thehindu.com/news/cities/Madurai/fixed-deposit-must-be-paid-only-to-nominees-says-hc/article4414391.ece

[Wayback Machine](https://web.archive.org/web/20210308061645/https://www.thehindu.com/news/cities/Madurai/fixed-deposit-must-be-paid-only-to-nominees-says-hc/article4414391.ece)

3) https://housing.com/news/important-ruling-property-rights-successors-versus-nominees/

[Wayback Machine](https://web.archive.org/web/20210308062012/https://housing.com/news/important-ruling-property-rights-successors-versus-nominees/)