Nomination is a facility that enables an individual investor to nominate a person, who can claim the securities held by him/ her in their demat accounts or the redemption proceeds thereof (in respect of mutual fund units) in the event of demise of the investor.

Investor to get two options regarding nomination for Trading/Demat/Mutual Fund units

  1. To provide nomination in the prescribed form up to three people along with their percentage.
  2. Opting out of nomination through prescribed declaration form.
  3. Folios / Account to be frozen if none is opted till September 30, 2023.
  4. Applicable for opening new demat and trading accounts and subscribing to mutual fund units on or after October 01, 2021.

Please watch the following videos on Nominations: -

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Always fill your nominee details to avoid future complications