Effective September 01, 2025, mutual fund investors are required to comply with the revised nomination guidelines issued by SEBI. Please find the step-by-step instructions below:


Key Highlights: 

  • Investors can now nominate up to 10 individuals per folio.

  • It is mandatory for unit holders to either:

    • Provide nominees
      OR

    • Submit a declaration to opt out of nomination.

  • Non-compliance may result in restrictions on folio transactions.


We offer two modes (Online and Offline Modes) to help you update your nomination or submit your opt-out declaration. 


1. Offline Mode - Nomination (Opt-In):

  1. Download the enclosed “Nomination Form”

  2. Fill in Investor Details:

    • Name

    • PAN

    • Folio Number

  3. Provide Mandatory Nominee Details for each nominee:

    • Full Name

    • Percentage Share (%)

    • Date of Birth (DOB)

    • Relationship with Investor

    • Postal Address

    • Mobile Number and Email ID

    • Identity Document (Choose one: PAN / Aadhaar / Driving License)

    • Identity Number (Last 4 digits only for Aadhar)

  4. If Nominee is a Minor:

    • DOB of the Minor, Guardian Name and Details

  5. Signature Requirements Based on Mode of Holding:

    • Single Holding – Unit holder must sign

    • Either or Survivor – Any one holder can sign

    • Joint Holding – All holders must sign

  6. If Thumb Impression is Used:

    • Must be attested by two witnesses with: Name and Address

2.  Offline Mode - Nomination (Opt-Out) 

  1. Download the enclosed “Nomination Opt-Out Form”

  2. Fill in the following:

    • Mutual Fund Folio Number

    • PAN

    • Unit Holder Name

    • Signature as per mode of holding


Once the nominee details are updated in the folios, please ensure that the same information is updated in the AssetPlus dashboard as well.

Kindly request the client to send an email from their registered email ID to operations@assetplus.io with the following details:


Nominee Details:

  • Name of the Nominee:

  • Share of each Nominee:

  • Date of Birth:

  • Relationship with the Applicant:

  • Nominee/Guardian (in case of Minor):

  • Address of the Nominee:

  • Mobile Number of Nominee/Guardian (in case of Minor):

  • Email ID of Nominee/Guardian (in case of Minor):

  • Name of Nominee’s Guardian (if the Nominee is a Minor)


Online Mode:


CAMS:  https://www.camsonline.com/Investors/Service-requests/Nomination/Nomination-Opt-in_&_Opt-out


Kfintech: https://mfs.kfintech.com/investor/General/NCTNomineeUpdation


Important Notes:

  • Investors can choose whether or not to display nominee details in account statements.(Page 2 - point 1)

  • A nominee may act on behalf of an incapacitated investor (excluding minor nominee), provided the investor retains the capacity to contract.

  • Nomination is mandatory for single-holder folios.

  • Power of Attorney (PoA) holders and joint holders cannot make or change nominations.

  • For jointly held folios, all holders must be KYC-validated for nomination or opt-out requests to be processed.