Having a nominee for your investments is of utmost importance. When it comes to mutual funds (MF), updating your nomination online is easy if the investment is in the name of a single investor. But when it comes to jointly-held MF investments, updating nomination via submission of a physical form may be the only way out.
Interestingly, Mario Sylvester Roche, COO of Domestic Fund Services at KFin Technologies, one of the two RTAs (registrar and transfer agents) for the Indian MF industry points out that transmission of MF units can be done completely online on MF Central, an MF platform backed by KFin Technologies and CAMS.
