Nomination on a mutual fund folio (India)

Wed, 13 May 2026 00:00:00 +0000

Nomination on a mutual fund folio is the formal designation by a unit-holder of one or more persons entitled to receive the units held in the folio on the death of the unit-holder. The designation is made at folio creation or by a separate declaration to the asset management company (AMC) and is recorded in the registers of the registrar and transfer agent (RTA) . Nomination allows units to be transmitted quickly to a known person, but does not confer beneficial ownership; the nominee receives the units in a fiduciary capacity for the legal heirs.

Regulation 29A on WebNotes

Nomination on a mutual fund folio (India)