How to add or update a nominee on a PPFAS folio

From WebNotes, a public knowledge base. Last updated 17 May 2026. Reading time ~7 min. Level: Beginner.

Key facts

Maximum nominees	Three nominees per folio, with cumulative share equal to 100 per cent
Compliance	Mandatory under SEBI rules effective April 2023; folios without nominee or opt-out are operationally restricted
Authorisation	Aadhaar OTP, net banking OTP, or physical signed form for nomination change
Processing time	Real-time confirmation on SelfInvest; 7 to 10 business days for physical-form route

This guide covers registering, updating, or removing nominees on a PPFAS Mutual Fund folio through the PPFAS SelfInvest portal at selfinvest.ppfas.com. Effective April 2023, the SEBI mandate requires every mutual-fund folio to have either a registered nominee or a signed opt-out declaration. Folios without either are operationally restricted and cannot transact for redemption, switch, or SWP until compliance is achieved.

Prerequisites

An active PPFAS SelfInvest account. The folio whose nomination is being updated must be associated with the SelfInvest login (use how to link an existing PPFAS folio to SelfInvest if needed).
For Aadhaar-OTP authorisation: an Aadhaar-linked mobile number that is currently active.
Nominee details ready: full name, relationship, date of birth, and a government ID (PAN, Aadhaar, passport, voter ID).
For a minor nominee: the guardian’s name, relationship to the minor, and the guardian’s PAN.
If splitting between multiple nominees: a planned percentage allocation, cumulative to 100 per cent.
For NRI or non-individual folios, the documentary route is required; SelfInvest may redirect to a physical-form workflow.
A nomination change is a major folio-level service request. PPFAS may temporarily restrict redemptions on the folio for 7 days following any change as a fraud-prevention cooling-off measure.

Step-by-step procedure

Step 1: Log in to selfinvest.ppfas.com

Open selfinvest.ppfas.com in a browser or launch the SelfInvest mobile app. Log in with PAN, password, and OTP, or biometric authentication on a trusted device.

Step 2: Navigate to Service Requests then Nominee Management

From the dashboard, tap or click Service Requests or My Account, then select Nominee Management (also called Update Nomination depending on the UI version). SelfInvest displays a list of all folios under the PAN, each with its current nominee status:

Nominees Registered: One to three nominees on record.
Opt-Out Registered: Investor has signed the SEBI declination form.
Neither (Non-compliant): Folio is operationally restricted.

Folios in the Non-compliant state are flagged in the dashboard.

Step 3: Select the folio to update

Tap on a folio to enter its nominee-management screen. PPFAS folios are scheme-specific: a folio under PPFCF is distinct from a folio under the Liquid Fund. The nominee record applies at the folio level, not the PAN level. If the same investor holds multiple PPFAS scheme folios, each folio’s nominee record must be reviewed separately.

A common best practice is to mirror nominee details across all folios held by the same investor; SelfInvest may offer a Replicate to all folios option that propagates the entered nominee details across every folio under the PAN.

Step 4: Choose the action

Three actions are typical:

Add Nominees: For the first-time nomination on a folio.
Update Nominees: Replace the existing nominee record (e.g., change a beneficiary, change percentage allocation, add or remove a nominee).
Sign Opt-Out Declaration: Decline to nominate. SelfInvest presents the SEBI-prescribed declaration text; the investor signs it electronically.

Select the action that matches the intent. Update replaces the prior record; the prior record is not preserved.

Step 5: Enter nominee details

For each nominee (up to three), enter:

Full name: As per the nominee’s PAN or government ID.
Relationship: Spouse, child, parent, sibling, friend, other.
Date of birth: Particularly important for minor nominees.
Government ID: PAN (preferred), or Aadhaar/passport/voter ID.
Address: Permanent residential address.
Percentage share: The portion of the folio value the nominee receives on the unit holder’s death. The cumulative share across all nominees must equal 100 per cent.

For a minor nominee (under 18 years), additional fields are required:

Guardian’s full name.
Guardian’s relationship to the minor.
Guardian’s PAN.
Guardian’s date of birth.

The guardian acts on behalf of the minor until the minor attains majority, after which the guardianship status terminates and the minor becomes the direct unit holder for that share.

Step 6: Authorise the change with Aadhaar OTP or net banking

Authorisation options:

Aadhaar OTP (preferred): SelfInvest, through the CAMS Aadhaar-OTP service, requests an OTP from UIDAI sent to the Aadhaar-registered mobile number. Enter the OTP to confirm. Real-time authorisation.
Net-banking OTP: SelfInvest redirects to the bank’s net-banking portal for an authenticated session. Real-time authorisation.
Physical nomination form (legacy): Download the PPFAS nomination form from the portal, fill it in, sign it, and post it to the CAMS ISC. Processing time is 7 to 10 business days.

The Aadhaar-OTP route is the operationally fastest and is the typical choice for resident-Indian investors with active Aadhaar.

Step 7: Receive confirmation

On successful authorisation, SelfInvest displays:

A request reference number.
The updated nominee record with names, percentage allocation, and relationship.
The expected effective date (typically the same business day or the next).

A confirmation email is sent to the registered email address. The change reflects in the next consolidated account statement issued by CAMS-NSDL/CDSL.

Step 8: Repeat for additional folios if needed

Nominee details must be set per folio. If the investor holds folios across multiple PPFAS schemes:

Use the Replicate to all folios option if available, to propagate the same nominee details across all folios under the PAN in one step.
Otherwise, repeat the Service Request workflow for each folio individually.

The replication is operational across PPFAS folios only. Folios at other AMCs require a separate nomination workflow at each AMC’s portal or through MF Central, which supports cross-AMC nomination updates in a single workflow.

What can go wrong

Nominee percentage shares not summing to 100: The submission is rejected if the cumulative percentage is not exactly 100. SelfInvest typically auto-validates before submission.
Minor nominee without guardian details: Submission is rejected for any minor nominee without complete guardian details. Have the guardian’s PAN and date of birth ready.
Aadhaar OTP not received: If the Aadhaar-linked mobile is inactive, the OTP cannot be authenticated. Use net-banking OTP or the physical-form route. Updating the Aadhaar mobile at the nearest Aadhaar Seva Kendra is the longer-term remedy.
Joint folio second-holder objection: For joint-mode folios (Joint or Either-or-Survivor), the nomination change typically requires both holders to consent. SelfInvest’s flow may request the second holder’s separate authorisation through their own SelfInvest login.
7-day cooling-off after nomination change: PPFAS may temporarily restrict redemptions on the folio for 7 days following any nomination change as a fraud-prevention measure. Plan redemptions before initiating a nomination change.
Nomination opt-out and then attempting redemption: A folio with the opt-out declaration on record is operationally normal for transactions; only the non-compliant state (neither nominee nor opt-out) blocks redemption. Confirm the folio status in the dashboard.
Forgetting to update after a marriage, divorce, or family event: Nomination is a deferred-effect instruction. Updates lag life events unless explicitly initiated. Review nominations after marriage, divorce, the birth of a child, or the death of an existing nominee.
Nomination is not a Will substitute: Nomination determines who receives the units on the unit holder’s death, not who owns them under inheritance law. Indian succession-law beneficiaries (under the personal law applicable to the deceased) may still claim against the nominee. Investors with complex estate-planning needs should pair nomination with a formal Will.

How to open a PPFAS SelfInvest direct-plan account covers the first nominee registration during account creation
How to link an existing PPFAS folio to SelfInvest covers linking a distributor-acquired folio
How to invest in PPFCF lump sum via SelfInvest portal is the typical transaction context
The reference article on the PPFAS SelfInvest portal covers the full portal functionality

External references

References

PPFAS Mutual Fund, SelfInvest portal at selfinvest.ppfas.com, nomination service request flow (accessed May 2026).
SEBI circular on mandatory nomination for mutual fund unit holders, SEBI/HO/IMD/IMD-II/DOF3/P/CIR/2022/82, dated 15 June 2022, with subsequent extensions and clarifications.
SEBI Master Circular for Mutual Funds, 22 May 2024.
SEBI (Mutual Funds) Regulations, 1996.
Indian Succession Act, 1925.
Hindu Succession Act, 1956 (applicable to Hindu, Sikh, Jain, Buddhist beneficiaries).
Muslim Personal Law (Shariat) Application Act, 1937 (applicable to Muslim beneficiaries).
PPFAS investor desk FAQ at amc.ppfas.com/faqs/.
CAMS investor services documentation.
AMFI nomination industry best-practice notes.

Reviewed and published by

WebNotes Editorial Team

The WebNotes Editorial Team covers Indian capital markets, payments infrastructure and retail investor procedures. Every article is fact-checked against primary sources, principally SEBI circulars and master directions, NPCI specifications and the official support documentation published by the intermediary in question. Drafts go through a second-pair-of-eyes review and a separate compliance read before publication, and revisions are tracked against the SEBI and NPCI rule changes referenced in the methodology section.

Last reviewed: 17 May 2026
Conflicts of interest: WebNotes is independent. No relationship with any broker, registrar or bank named in this article.