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 Editorial Team 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.

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