How to update Nomination in my folios?
As per SEBI regulations, it is mandatory for all Mutual Fund investors to provide a nomination OR opt out of nomination for all their folios through declaration by 31st March 2023, failing which, the folios shall be frozen for debits by the Mutual Fund House till a nomination is updated.
There are two ways to update the nomination in your folios:
- Update all your folios in one go on CAMS (https://digital.camsonline.com/changeofnomination) and update all your folios in one go on Kfintech (https://mfs.kfintech.com/investor/General/NCTNomineeUpdation)
- Update your folios one by one in MF Central (https://www.mfcentral.com/)
We request you to kindly update the nomination in your folios using the steps given below for the Registrar and Transfer Agents’ (RTAs) websites. We prefer option 1 above (updating all folios on CAMS and updating all folios on Kfintech), as it updates nominees for all folios in the particular RTA in one go. One has to update nomination folio by folio in option 2. You can choose the option most preferable to you.
On CAMS website:
Steps:
1. Go to – https://digital.camsonline.com/changeofnomination
2. Enter your PAN, click on ‘Next’
3. Select ‘Email’ or ‘Mobile’ depending on where you want to receive OTP
4. Enter the OTP and click on ‘Next’
5. A list of all Mutual Funds where you have invested via CAMS should come up; select all the Mutual Funds where you want to update your nomination, click on ‘Next’
6. Choose your request type- ‘Register Nominee’ OR ‘Change / Update existing nominee’ OR ‘Nomination opt-out (I do not want to nominate)’
7. Select all the folios where you want to Register/Add Nominee/Opt out of Nomination, and click on ‘Proceed’
a) If you opted in, Add/update your nominee details and click on ‘Proceed’
b) If you opted out, click on ‘Proceed’ and then click ‘Submit’
8. Click on ‘Proceed to OTP’
9. Enter the OTP and click on ‘Next’
10. You will get a Success screen
On Kfintech website:
Steps:
1. Go to – https://mfs.kfintech.com/investor/General/NCTNomineeUpdation
2. Enter your PAN, select Mode Of Holding (‘Single’ for all folios via Multipl); in Select Folio Option, choose where you wish to update your nominee (‘All Folios’ or ‘Without Nominee Folios only’); Select your email ID/phone number from the drop-down; Click on ‘Generate OTP’
3. After entering the OTP, click on ‘Validate OTP’
4. A list of all your folios in Kfinetch should come up; select all the folios where you wish to update the nomination
5. Click on ‘Opt-in Nomination’ OR ‘Opting out of Nomination’
a) If you opted in, enter Nominee details, click on ‘Save’
b) If you opted out, check the box ‘Disclaimer for Opting out of Nomination’
6. Click on ‘Generate OTP’
7. Enter the generated OTP and press ‘Submit’
8. You will see a Success screen
On MF Central:
Steps:
1. Go to – https://www.mfcentral.com/
2. Login/Sign up on MF Central
3. Go to the ‘Service Request’ tab on the home page, click on ‘Update Nominee Details’
4. Select the folio in which you wish to add the nomination, click on ‘Next’
5. Choose ‘I do not wish to nominate’ OR ‘add nominee’
6. Enter the nominee’s details, click on ‘Save’
7. Click on ‘Submit’
8. Enter the OTP generated for confirmation, click ‘Verify OTP’
9. You should get a Success message screen
10. Repeat steps 4-9 for all folios where you wish to update the nomination
Multipl Movement 