If something happened to you tomorrow, could your family actually access your investments — without lawyers, court visits, or months of waiting? SEBI just made it easier to add or update a nominee on your demat account and mutual fund folios (your mutual fund account, basically). Earlier rules introduced in January 2025 were proving difficult to follow, so SEBI has now simplified the process after feedback from users.
What this means for you
- Without a nominee, your family may need a court-issued legal document proving they're the rightful heir to claim your money — a process that can take 6–12 months and cost ₹20,000–50,000 in lawyer fees.
- If you have a demat account on Zerodha, Groww, or any other platform — log in today and check if a nominee is added. It likely takes under 5 minutes now.
- Same goes for your mutual fund folios on platforms like MFCentral or Coin — one nominee covers all your SIPs (your monthly mutual fund investments) in that folio.
What you can do
- Open your demat app right now, go to profile or account settings, and check the nomination section — add a family member's name, Aadhaar, and PAN if it's missing.
- Do the same on MFCentral.com for your mutual fund folios — it's free, takes under 10 minutes, and is one of the kindest things you can do for your family.
You don't need to be wealthy for this to matter — even ₹10,000 sitting in a folio can become a months-long headache for your family without a nominee on record.
Grow with clarity 🌱