Revised Nomination Framework for Demat Accounts and Mutual Fund Folios

NOTICE

Notice No. 20260716-27 Notice Date 16 Jul 2026 Category Trading Segment Mutual Fund Department Trading Operations Subject Ease of Doing Investments – Revised Nomination Framework for Demat Accounts and Mutual Fund Folios - Update Attachments Annexure_I ; Annexure_II ; Annexure_III ; Annexure_IV ; Annexure_V

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This is with reference to Exchange Notice No. 20260612-29 dated June 12, 2026, regarding Ease of Doing Investments – Modified Norms for Nomination in Demat Accounts and Mutual Fund Folios.

Members are hereby informed that SEBI has issued Circular No. SEBI/HO/OIAE/OIAE_IAD-3/P/CIR/2026/12676 dated May 29, 2026, prescribing revised norms for nomination in Demat Accounts and Mutual Fund Folios. These revised norms shall be applicable with effect from September 1, 2026.

In continuation of the aforesaid SEBI circular, Members are advised to take note of the revised nomination framework and ensure necessary changes in their respective systems and operational processes, wherever applicable.

Revised Nomination Framework:

1. Investors may nominate up to three nominees.
2. In cases where nomination is opted for, the name of the nominee shall be mandatory.
3. The relationship of the nominee with the investor shall be mandatory.
4. In case the nominee is a minor, the date of birth of the minor nominee shall be mandatory.
5. Nominee-related additional details like nominee Address, mobile number, email ID, percentage share and guardian details for minor nominees shall remain optional, subject to applicable validations.

Accordingly, based on the communication received from the Registrar & Transfer Agents (RTAs), nominee-related aforesaid fields shall be made optional, wherever applicable, under the UCC Creation and Nomination Modification structures on the BSE StAR MF platform.

The revised formats are attached herewith:

Members are hereby informed that, for transactions in non-demat mode where units are required to be created/allotted under a new folio at the AMC/RTA end, any nominee-related additional details provided at the UCC level such as the nominee’s address, mobile number, email ID, percentage share, guardian details (in case of a minor nominee), identity number, and any other prescribed information will be reported to the respective RTAs for incorporation in the folio records.

Accordingly, Members must ensure that all nominee-related details are accurately updated, complete, and duly verified prior to order placement. Any incorrect, incomplete, inconsistent, or missing nominee information may result in the transaction being rejected by the respective RTA.

Members using third-party vendor solutions and/or in-house developed trading applications are requested to take note of the above changes and initiate the necessary development and system modifications at their end well before the implementation date.

For queries relating to BSE StAR Mutual Fund Operations, Members may contact the Mutual Fund Helpdesk on 022-45720450 / 650 and 022-69158550 (Available on business days between 8:00 a.m. and 7:00 p.m.). Members may also raise their queries through the CRS Portal: https://bsecrs.bseindia.com

Arunkumar Ganesan VP - Mutual Fund

Mahesh Tare AVP - Mutual Fund