MUTUAL FUNDS
HOW TO CHOOSE A NOMINEE FOR MUTUAL FUNDS
Published By Livemint | 26 Mar, 2023
MUTUAL FUNDS INVESTMENT
One of the most popular ways to create wealth
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NOMINEE
Investors have to mandatorily choose a nominee of their investments by 31 March
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PENALTY
Not doing so will result in the portfolio being frozen
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HOW TO ADD NOMINEE
Visit KFintech or CAMS website to add nominee
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ADDING NOMINEE THROUGH KFINTECH
Visit the website and provide your PAN
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STEP 2: SELECT MUTUAL FUND FOLIO
Select the folio you wish to add nominee from your mutual fund folios
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Step 3: ADD NOMINEE
After selecting MF folio, click on ‘Nominee’
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ACCESSIBILITY
After addition, nominee will get access of MF and will be able to make changes in it
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ADDING NOMINEE THROUGH CAMS
Visit website, click on MF investors, select Nomination Opt-in/Opt-out
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STEP 2: DOWNLOAD
Download forms to fill by clicking at ‘Nomination Opt-out/in form’
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STEP 3: DECLARE NOMINEE ONLINE
Then you will be able to fill details online
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STEP 4: PAN CARD DETAILS
Enter PAN details for fresh nomination, or change of existing one
STEP 5: OTP
Select mutual funds, then enter OTP to update details
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STEP 5: ALTERNATIVE
You can also submit the duly filled downloaded form at CAMS centre to add nominee
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