Update your Nominee details before 30th June, 2024

This is to update you that with reference to regulatory guidelines on “Implementation of mandatory requirement of Nomination for Mutual Fund Unit holders” it has been observed that you have not availed the nomination (opt-in or opt-out) facility i.e., Nomination is not registered or declaration of “Do Not Wish to Nominate” is not registered in the folio across all your investment(s) in Mutual Fund.

Nomination is a simpler and inexpensive way to make things easy for one’s near and dear ones to claim the money in the mutual fund folio, through minimal paperwork in the event of any unforeseen circumstances. Nomination is a facility that enables an individual unitholder to nominate a person(s), who can claim the Units held by the unitholder or the redemption proceeds thereof in the event of any unforeseen circumstances.

As per regulatory guidelines, it is mandatory for all unitholder(s) to submit either the nomination form or the declaration form for opting out of the nomination in physical mode or online mode as per the choice of the unit holder(s). The nomination process is as simple as follows:

As per regulatory guidelines, it is mandatory for all unitholder(s) to submit either the nomination form or the declaration form for opting out of the nomination in physical mode or online mode as per the choice of the unit holder(s). The nomination process is as simple as follows:

• Click here to update the details ONLINE now on the KFIN MFS website!
  (Online facility can be used only when PAN is registered in the Folio and either Email or mobile is registered in the folio)
Or
• Click here to download the nomination/ Opt-out form. Please submit the duly filled form signed by all the unitholder(s) at your nearest Investor Service Center (DISC) As a mutual fund investor:
• You can register up to three nominees (including a minor i.e., person below the age of 18) in a folio
• You can specify the percentage of the amount you want to allocate to each of them (only whole numbers are accepted / without decimal), totaling to 100%
• If you’re nominating a minor, you have to mention the name and other particulars of the minor’s guardian

In case of existing individual unitholder(s), who haven't registered their nomination / opting out of nomination, before 30th September 2023, their folios will be freezed, for any debits including redemption. With effect from 1st October 2023, for such freezed folios, Redemption, Transactions of already registered Systematic Transfer Plans (STP) / Systematic Withdrawal Plans (SWP) will not be allowed.

We request you to complete it for all your investments, as soon as possible. Please ignore this communication in case Nominee details are already updated / completed across all your investment(s).

For more details on the Regulation, please Click here

For further information, you can call our customer care team on 1800-2090-777 or email us at customercare@miraeasset.com.