Folio Management on WebNotes

How to add or update a nominee on a PPFAS folio

Sun, 17 May 2026 00:00:00 +0000

Nominee registration on a PPFAS Mutual Fund folio is non-optional. The SEBI mandate effective April 2023 requires every folio to have either a registered nominee (up to three, with percentage allocation totalling 100) or a signed opt-out declaration in the folio’s name. Folios with neither are operationally restricted: redemption, switch, and SWP are all blocked until compliance is achieved. The same investor can hold some folios with nominees and others with opt-outs, since the record is per-folio, not per-PAN. The route is the SelfInvest portal , with Aadhaar OTP or net-banking authentication; the operation is real-time and reflected at CAMS within one to two business days.

How to link an existing PPFAS folio to SelfInvest

Sun, 17 May 2026 00:00:00 +0000

If you already hold PPFAS units (bought through a distributor, a third-party platform, MFU, MF Central, or an older direct-mode subscription) and you want them visible inside the SelfInvest portal for ongoing transactions, the operation you want is folio linkage. Linkage adds a SelfInvest access path to an existing folio at CAMS; it does not create a new folio, does not change any underlying records, and does not affect the units already held. The actual folio remains the same; you just get one more way to act on it.

How to update bank account on a PPFAS folio

Sun, 17 May 2026 00:00:00 +0000

Updating the registered bank account on a PPFAS folio is a routine service request, but two operational implications make it worth thinking through before submitting. First, SEBI prescribes a 7-day cooling-off period after any bank-account update: the AMC holds redemption proceeds, SWP credits, IDCW Payout credits, and other large-value credits for seven days before paying them to the new account. The measure is anti-fraud (prevents an attacker who has compromised the SelfInvest login from also redirecting an immediate redemption to a different account) but it means a planned redemption right after a bank update will sit waiting. Second, existing NACH or UPI Autopay mandates do not move to the new account automatically; they remain attached to the old one. To shift SIPs, you register a fresh mandate at the new bank and update the SIPs to use it. If you are also closing the old account, sequence carefully so SIPs don’t fail in between.