Question: Can a Karta of a Hindu Undivided Family nominate someone for mutual fund units?
Answer: No. SEBI mutual fund rules do not allow a Karta of an HUF to make a nomination.

Supporting evidence:
title: sebi.gov.in/ingsai.pdf
quote: However a Karta holding shares on behalf of the HUF is NOT entitled to make a nomination with respect to such units under the Fund
context: e clearly the percentage of allocation/share in favor of each of the nominees against their name and such allocation/share should be in whole numbers without any decimals making a total of 100%. In the event of such allocation not being clearly mentioned for each of the nominees, the AMC shall invoke the default option and shall settle the claim equally amongst all the nominees.
Investors/Unitholders may contact Investor Service Centers / the Registrar / distributors, for any additional information/clarifications on the facility of multiple nominations.

1. Nomination Facility

Note : However a Karta holding shares on behalf of the HUF is NOT entitled to make a nomination with respect to such units under the Fund. The nomination rules of the AMC do not permit such nomination. A Karta is acting on behalf of the entire HUF and therefore also cannot be nominated as a nominee by a Investor/Unitholder under the Fund.
However, the Fund / Trustee / AMC may request the nominee to execute suitable indemnities in favour of the Fund and / or the Trustee and / or the AMC, and to submit necessary information/documentations to the satisfaction of the Fund before transmitting Units to his / her favour. Nominations received in the form prescribed by the AMC alone shall be valid.
Further, if the Fund and/or the Trustee and/or the AMC incur any loss [including any claims/demands/expenses (including reasonable lawyers fees)] whatsoever arising out of any litigation or harm that it may suffer in relation to the nomination, they will be entitled to be indemnified absolutely from the deceased Investors'/Unitholders' estate.
The transmission / subsequent payment of the redemption proceeds to the nominee by the AMC shall be valid and effectual against any demand made upon the Trust/AMC and shall discharge the Trust/AMC, their directors, employees and agents, their successors and permitted assigns, of all liability towards the estate of the deceased Investor/Unitholder and his/her nominees, successors, legal heirs, claimants, executors and administrators.
Investors / Unit holders are advised to read the aforesaid instructions carefully before nominating.

2. Guidelines for Investments made 'on behalf of Minors', Minors attaining Majority, Change of Guardian:

As per the recommendations of AMFI Working Group for Implementation of NISM Recommendations on ' Operational Risk Issues in Mutual Fund Investor Service Processes ' dated January 28, 2011 following guidelines would be applica