TaxSavvy

Estate planning · Nomination

Mutual Fund and Demat nominations post-SEBI 2023

Updated . Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.

Find

SEBI mandated in 2023 that all demat account and mutual fund folios must either register a nominee or opt-out of nomination explicitly. Accounts without nomination or opt-out were frozen for debit transactions. If you haven't done this, your demat account may already be restricted.

Provisions

SEBI Circular SEBI/HO/MIRSD, 2023 | Depositories Act

Analysis

Nomination in demat: up to 3 nominees with percentage shares. Nomination in MF: per folio, not per scheme. A single folio can have different nominees than another folio in the same AMC.

Close

  1. Login to each broker (Zerodha, Groww, HDFC Securities etc.) → check nomination status
  2. Login to each MF AMC or use Myfinpedia/MFCentral for consolidated check
  3. Update with nominee's PAN + Aadhaar + percentage share
  4. If multiple nominees, ensure percentages add to 100%

Connect now

A Savvy replies in minutes.

Fixed price before you pay. Your Savvy is paid only after you accept the work.

Connect nowPay and start: VCFO Lite, ₹4,999 a month

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.

People also ask