How To Change Details In Mutual Fund | Name, Address, Bank Details Change

How To Change Details In Mutual Fund

In current scenario, mutual funds are the best option of investing so make your investing hassle free by the mutual funds. If you have already mutual funds then you may need to Update Your Bank Details like as Name, Address etc. We will tell you How to change details in Mutual Fund. If you have desire to earn maximum interest at smallest risk then the mutual funds must be your first choice. Last year, the average return of liquid fund is around 9.3 percent. If you change your bank account without informing mutual fund then you will receive a dividend cheque with old all details. In such a case you will have to send cheque again with latest details.

Change Of Name

It is normal case women because after the marriage they need to change their name because she wants to include her husband name. Those who are investing in mutual funds and want to change their name in portfolio they need to submit following essential documents with their application form.

If any firm or organization wants to change their name like Pvt Ltd Company to Ltd Company, partnership firm to Pvt Ltd Company etc then they will have to submit name change certificate from the Registrar of Companies and list of authorized signatories Because they have non-individual account.

  • Name change certificate issued by authority
  • Copy of Official Gazette
  • Copy of Marriage Certificate
  • List of folios
  • Signature of the account holder
  • Latest Bank account details

Check AlsoHow To Choose A Best Mutual Fund

Change Of Bank

The most vital thing is that your mutual fund corporations are connected with your bank account. If the investor changes his bank without informing mutual fund then he will acquire cheque with old details. So it is mandatory update your bank details whenever you change your bank. We are presented some necessary documents which you have to submit.

  • Bank Name
  • Branch Name
  • MICR Code
  • IFSC Code,
  • Account Number
  • Name as per Bank Records
  • Type of Account
  • Cancelled bank cheque

Know About – Rights Of A Mutual Fund Investor

Change Of Guardian Name

You can also change your Guardian name in portfolio but you need to submit some required documents. For example if you have mentioned your father name in portfolio but now you want to make your mother as Guardian then you can submit your form with following documents. Unfortunately the Guardian of investor has died then he/ she can also change Guardian name in portfolio.

  • Request letter for change
  • NOC from old guardian or court order for appointing new guardian
  • Notarized or attested copy of the death certificate of old guardian
  • Bank attestation of signature with account details
  • PAN and KYC of new guardian

Read Also – How To Buy & Sell Mutual Funds In India

Change Of Status From Minor To Major

Generally, parents operate the accounts of their kids. Because they are unable to handle all banking procedure and minimum age is also set by the banks. When they cross the minimum age limit then they become eligible to handle their work. In that case it is vital to change the status from minor to major. If you didn’t mention the changes, there is no transactions are allowed.

  • Request letter to change the status
  • New Bank Mandate form where account changed from minor to major with proof
  • Signature attestation of major by your banker
  • KYC acknowledgement of major
  • PAN card of minor

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Change Of Address

The investor can only applicable to change his address in portfolio if he changes his address in KYC. Before changing in KYC nobody can change his address in folio. We are suggested to investors use the KYC update form and mention his new address in form. He also needs to submit new address proof. After that he can submit the application form.

Change Of Karta In HUF

Unfortunately, the Karta has died for any reason, then the investor has to change Karta name in the portfolio. Here we have presented the mandatory documents which he/ she need to submit for the Change of Karta in HUF.

  • Attested copy of death certificate of old karta
  • Id proof of new karta
  • Signature of new karta
  • Certified copy of HUF deed

Read Also – How To Open A Mutual Fund Account In India

Mutual funds are the collection of investments because a user can acquire a high interest on a small investment. It also provides security of money. There are so many types of mutual funds are available in the market and you can purchase according your convenience. An investor must update his portfolio with latest update.


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