Mutual Fund Nomination Form: How to Add, Change & Download
A complete guide to mutual fund nomination — why it matters, the latest SEBI rules, how many nominees you can add, how to nominate or opt out online and offline, and the form to download.
What is nomination in mutual funds?
Nomination is a facility that lets you name the person (or people) who can claim your mutual fund units — or the redemption proceeds — in the event of your death. It is one of the simplest things you can do to make sure your investments reach your family smoothly, without long legal procedures.
A nominee acts as a trustee/receiver of the units on your demise. Nomination doesn't replace a Will, but it makes the immediate transmission of your investments far quicker and less stressful for your loved ones.
Why nomination matters
- Faster claims: nominees can claim units with far less paperwork than legal heirs without nomination.
- Avoids "unclaimed" assets: investments without nomination can get stuck for years.
- You stay in control: you decide who receives your wealth and in what share.
- Less legal hassle: reduces the need for succession certificates and court processes.
Latest SEBI nomination rules
SEBI has been steadily strengthening nomination rules to reduce unclaimed investments. The key points investors should know:
| Rule | What it means |
|---|---|
| Up to 10 nominees | You can nominate up to ten people per folio and set each one's percentage share. |
| Only the investor can nominate | A Power of Attorney (PoA) holder cannot add or change nominees. |
| Nominate or opt out | For single-holder folios you must either nominate or formally opt out via declaration. |
| Joint folios | Nomination is optional for jointly held folios. |
| Mandatory details | The nominee's name and relationship are the key required details; share defaults to equal if not specified. |
| Modify anytime | You can add, change or cancel nominations as many times as you wish. |
Nominate vs opt-out
You have two valid choices, and you should make one of them explicitly:
- Nominate: provide nominee name(s), relationship and share. This is the recommended route.
- Opt out: if you don't wish to nominate, sign the prescribed opt-out declaration so your folio stays compliant.
How to fill the nomination form — step by step
- Folio details: Write your folio number and the names of the unit holder(s).
- Nominee details: Enter each nominee's full name and relationship to you.
- Share %: Specify the percentage for each nominee (must total 100%). If left blank, it's split equally.
- Minor nominee: If a nominee is a minor, add the guardian's name and details.
- Optional details: Date of birth, address or contact of nominee may be added but are typically optional.
- Sign: All unit holders must sign. PoA holders cannot sign for nomination.
How to nominate online
The quickest route is online via MF Central or your AMC/RTA portal. After logging in and verifying with OTP (and where supported, Aadhaar e-sign), you can add or update nominees across folios in minutes — no paperwork.
How to change or cancel a nomination
You can change or cancel a nomination any number of times. Submit a fresh nomination form (or do it online) with the updated nominee details; the new nomination overrides the old one. There's no charge for updating nomination.
Mistakes to avoid
- Leaving nomination blank without opting out — can cause compliance issues.
- Shares that don't total 100%.
- Forgetting the guardian for a minor nominee.
- Not having all unit holders sign on joint folios.
- Assuming nomination replaces a Will — it doesn't; it eases transmission.
Frequently asked questions
How many nominees can I add to a mutual fund folio?
Is nomination mandatory?
Can a Power of Attorney holder add a nominee?
Does nomination replace a Will?
Can I nominate a minor?
How do I change my nominee?
Is there a charge for nomination?
What details are mandatory for a nominee?
What is opting out of nomination?
Can I nominate different people for different folios?
What happens to my investment if there's no nominee?
Can I nominate online?
Do all unit holders need to sign?
Can nominees and shares be changed later?
Is nomination the same as transmission?
Can you help me set up nomination?
Related forms & guides
Protect your family — nominate today
I'll help you add or update nominees across all your folios, online or on paper, so your investments pass on smoothly.
Disclaimer: This page is for investor education. Nomination must be recorded through your AMC/RTA or MF Central using the prescribed current format. Rules are subject to SEBI updates. Mutual fund investments are subject to market risks; read all scheme related documents carefully.