How to add additional nominee details on 'Asset Plus'?

As per SEBI’s (a government regulatory authority) new guidelines, it is now mandatory to provide additional details of your nominated person (nominee). Without updating this information, you will not be allowed to make any new investments. This step has been taken by SEBI to ensure that your investments can be smoothly transferred to your nominee in the future, without any procedural hurdles.

How to update nominee details on the 'Asset Plus' app? Here's a step-by-step guide

1. First, open the 'Asset Plus' mobile application.

2. As soon as the app opens, you will see an ‘Important Notice’ on the screen stating that, as per SEBI's guidelines, nominee details need to be updated. Below this message, you will find a button that says ‘Update Now’ – click on it.

   

   Click on 'Update Now'

3. Upon clicking 'Update Now', a form will open in your mobile browser, allowing you to fill in the required nominee details.

   

   Additional details of the nominee

4. The nominee’s name and relationship will already be pre-filled, as these were provided while opening your account with Asset Plus.

5. You will now need to provide additional information such as:

   • Nominee’s Date of Birth

   • Identity Proof Type (PAN, Aadhaar, Driving License, Passport)

   • Identity Number

   • Email Address

   • Phone Number

   • Residential Address

   • Pincode

   • City

   • Country

     

     Additional details of the nominee

6. Please ensure that the name and date of birth of the nominee match exactly with what is mentioned on their PAN card. If not, you must first update the PAN card and then provide the correct details in the form.

7. It is recommended that the nominee’s address match their Aadhaar card. If the nominee resides at the same address as yours, you can simply select the option ‘Nominee address is same as holder’, and the address will be auto-filled accordingly.

8. If your nominee is an NRI (i.e., residing outside India for an extended period), select the checkbox ‘My nominee is an NRI’. Once selected, the ID proof type will default to Passport, and you will be required to enter the passport number.

9. Toward the end of the form, you’ll see the option ‘Include nominee details in all my statements of account (SOA)’. Select this option and then proceed by clicking Next. The nominee’s details must be verified through the OTP.

   

   Notification of successful completion of the process

By following these steps, your nominee’s required additional details will be successfully updated in your mutual fund account. Once this update is completed, you will be able to make new investments without any difficulties.