Can a mutual fund investor appoint a nominee?
Yes, individual mutual fund investors can appoint a nominee to their investments to ensure the smooth transfer of units in case of the investor’s demise. This facility helps avoid legal complications and ensures the intended beneficiary receives the proceeds.
However, nomination is only permitted for individual account holders, including single or joint holders. Non-individual entities such as companies, trusts, or partnerships are not eligible to assign a nominee.
Key points about nomination in mutual funds
- Nomination is available only for individual investors
- Joint holders can nominate together
- Investors can assign or change nominees anytime
- A maximum of three nominees can be added, with percentage allocation
- Nominee details must match as per KYC norms
What if...
| Scenario | Explanation |
|---|
| You forgot to add a nominee during investment | You can add or update nominee details later in Profile under 'Others'. |
| You want to nominate multiple persons | You may nominate up to three individuals and specify the allocation percentage. |
| Your investment is held jointly | All joint holders must jointly assign or change nominee information. |
Adding a nominee ensures smooth succession—review and update nominee details regularly to reflect your current preferences.
Last updated: 16 Jun 2025
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