Life of MF units after death of investor - The Hindu BusinessLine
Life of MF units after death of investor Satya Sontanam BL Research Bureau | Updated on April 03, 2021 Know the procedural aspects of transferring MF units Investors use mutual funds to reap the rewards of their disciplined savings and investments. But their unfortunate demise can unsettle the whole planning. Here’s a low-down on the procedural aspects of transferring units to a claimant upon the death of a unit-holder. Upon nomination The registered nominee obtains the right to the units only upon the death of the unit-holder. If the account is held jointly, then the nominee obtains the r...
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