Introduction
The nomination facility enables a unitholder to nominate (either
at the time of purchase or subsequently), a person who would be
entitled to claim the investor's mutual fund units, or the
redemption proceeds thereof in case of an untimely death of the
unitholder. In case of joint ownership, all joint holders are
required to provide the details of their nominee together.
In case a nomination is made at the time of the initial
investment, the applicant may fill up the 'Nomination'
section provided in the application's account opening form,
(which may be changed any time and any number of times). An
investor can nominate any person, whether a family member, friend,
a trusted third person, a minor, or a non-resident (subject to the
exchange control rules), any government authority or even a
religious or charitable trust. In case of a minor nominee being
appointed, the guardian's name and address must also be
provided, (in whose control the fund shall rest
