(i) Nomination by a unit holder shall be applicable for investments in all schemes in the folio.
(ii) In case a folio has joint holders, all joint holders should sign the request for nomination/cancellation of nomination, even if the mode of holding is not "joint". (Click here for nomination form)
(iii) Every new nomination for a folio will overwrite the existing nomination.
(iv) Nomination shall not be allowed in a folio held on behalf of a minor.
(v) Nomination shall be mandatory for new folios opened by an individual especially with sole holding and no new folios for individuals in single holding would be opened without nomination. However, investors who do not wish to nominate must sign separately confirming their non-intention to nominate. (Declaration for Non-Intention to Nominate).
Benefits of Nomination :
Nomination ensures all rights and /or amount(s) payable in respect of the holdings in Schemes of HDFC Mutual Fund would vest in the favor of the nominee upon death of the Unit holder. The nominee receives the units only as agent and trustee for the legal heirs or legatees as the case may be. Investors should opt for the nomination facility to avoid hassles and inconveniences in case of unforeseen events in future.
