SEBI New Rule: Nominee Details Now Mandatory for Mutual Fund Orders

Hello Investor! :wave:

:shield:SEBI has introduced a rule for Mutual Fund Nomination starting 1st June 2025, to help protect your investments and make sure your investments can go to your loved ones smoothly,

Here’s everything you need to know:

If you’ve opted for a nominee for your Mutual Fund investments. SEBI now requires a few additional nominee details to be submitted when placing a new purchase order.

These includes

  • Nominee Mobile Number
  • Nominee Email Address
  • Nominee Residential Address
  • Nominee Identity document number (PAN / Aadhaar / Passport)
    Note : On Dhan is a one-time process. And it will be updated for all your AMCs at once.

Will This Affect Your Orders?

Order Type Impact Notes
Lumpsum order Yes Order with a new AMCs after 30th May 2025
SIP order Yes SIP with a new AMCs after 30th May 2025
Additional Lumpsum order No You can place the order without any interruption.
Redemption order No You can redeem funds as usual
Top-up order No SIP top-ups will work without any issues

To summarise : For investments with a new AMC after 30th May 2025, you’ll need to provide additional nominee details. If not provided, the order will be rejected by AMCs and the investments will fail.

What Should You Do?

  1. Update your Dhan app to the latest version v.80 from Play Store / App Store
  2. Place a Mutual Fund order - you’ll be prompted to add nominee details
  3. Fill in the details once - and you’re done!
  4. If you had opted-out of adding a nominee earlier, you don’t need to do anything

Have questions? We’re here to help - just reach out to us at help@dhan.co or through the Help section in your app.

Let’s continue investing smartly - and securely.
Team Dhan

2 Likes

Does this mean that a fresh lumpsum investment (Folio not created yet) done on 29th will fail ?
The autopay didn’t deduct any money from my bank yesterday(30th May) and the notification to add nominee came Yesterday in the app which I have filled.

Also I noticed a bug while filling the nominee, when I opened the details of the nominee the birthday was showing correct, but when the details section was collapsed it showed wrong month of the birthday.

Also how come the AutoPay didn’t deduct money 1 day after the order was created even if it was a working day ?

Hi @ipankajkumar93

We’d love to help you with your doubts! Could you please DM us your registered mobile number so our team can connect with you and assist further?