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.

SEBI Nominee Rule on WebNotes

How to add or update a nominee on a PPFAS folio