Published 3 July 2026 · By the PCJ Desk · about 5 min read · General educational information, not investment advice.
A nomination decides who receives your shares, units and money if something happens to you. Getting it right spares your family a long, document-heavy transmission process — and it is one of the simplest things you can set up today.
What SEBI changed in 2025
Through a circular dated 10 January 2025, SEBI revamped the nomination framework for demat accounts and mutual fund folios. Key points widely reported from the rules:
- You can appoint multiple nominees (up to 10), with a clear percentage allocation to each.
- You must either provide a nomination or formally opt out — the choice of nomination is required at account level.
- The earlier proposal to freeze accounts that had no nomination was dropped — your account is not frozen merely for not nominating.
- The rules were brought in in phases through 2025 (with initial provisions from mid-2025), giving intermediaries and investors time to comply.
How to add a nominee or opt out
You can add or update nominees online (with OTP/e-sign, and video verification for opt-out in some cases) or by submitting a signed nomination form. PCJ clients can download the nomination form from our Download Center, and your Relationship Manager will help you complete it.
It takes a few minutes. It is the kind of quiet, sensible step a private-client desk should nudge you to finish — so consider this your nudge.