While investing in mutual funds, one can authorize a person to whom the mutual funds will be transferred to in the event of his death. This person is called a nominee.
If you already have a folio but there is no nominee updated for it, we can get it updated. The steps are as mentioned below:
- Download the nomination form for the respective AMC.
- Enter the first holder details such as Name, Folio Number, PAN.
- Enter the name of Nominee, Relation with holder, % Allocation, Address
- The signature of first holder and nominee.
The whole process should take about 10 working days. Once done you will be able to see your nominee updated in your folio.