How-to nominee update MF folio

How to update nominee on mutual fund folio

From WebNotes, a public knowledge base. Last updated 19 May 2026. Reading time ~4 min.

Key facts

Channels	AMC portal, CAMS/KFin form, MFU, MF Central
Multi-nominee	Up to 3 nominees per folio with percentage split
Processing	3-7 working days at AMC
Effect	Nominee can claim units on holder's demise

Procedure

Identify the folio to updateFrom CAS / SoA: folio number, AMC, current nominee details. Note all folios needing update.
Download Nominee Change FormAMC’s portal or CAMS/KFin service. Standard SEBI-prescribed format. Some AMCs have online forms.
Fill new nominee detailsUp to 3 nominees: name, relationship, date of birth, address, share percentage (totalling 100%). Guardian if nominee is minor.
Sign and submitHolder’s signature (matching AMC records). Submit via AMC portal, CAMS / KFin service centre, or AMC’s branch. Some AMCs accept online with digital signature.
AMC processesSignature verification + nominee details validation. Updates folio. Confirmation issued within 3-7 working days.
Verify on SoA / CASNext AMC statement shows updated nominee. CAS reflects new nomination.
Update across all foliosEach folio is updated separately. If you have multiple AMCs / folios: update each. Use MFU / MF Central for bulk update where possible.

Updating the nominee on MF folio ensures the right person inherits your investments. Each folio is updated separately. Multi-nominee allocation (up to 3 nominees with percentage split) lets you distribute among multiple beneficiaries.

Conflict-of-interest disclosure. This guide is published by webnotes.in for informational purposes. WebNotes has no commercial relationship with any AMC. No affiliate commission is earned.

Step-by-step procedure

See the procedure infobox above.

Why update nominee

Trigger	Frequency
Marriage / spouse change	Once-in-lifetime typically
Birth of child	Add child as nominee
Death of existing nominee	Replace immediately
Divorce	Remove ex-spouse
Family circumstances change	Periodic review

Best practice: review nominees every 5 years or after major life events.

Multi-nominee allocation

Per SEBI:

Up to 3 nominees per folio.
Each nominee gets specified percentage of units.
Totals must equal 100%.

Example:

Spouse: 50%.
Son: 25%.
Daughter: 25%.

Eliminates the inheritance dispute by pre-deciding allocation.

Multi-AMC update via MFU / MF Central

For investors with folios across many AMCs:

MFU’s eCAN: bulk nominee update.
MF Central: cross-AMC view + per-folio update.

Saves operational time.

External references

References

SEBI (Mutual Funds) Regulations, 1996.
AMFI Best Practice Guidelines on nomination.
Banking Regulation Act provisions on nomination.

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Last reviewed: 19 May 2026
Conflicts of interest: WebNotes is independent. No relationship with any broker, registrar or bank named in this article.