It is one of the frequently asked questions: how can a nominee or legal heir claim the investment proceeds after the death of a mutual fund investor? Well, as per the law, a joint-holder, nominee or legal heir can claim the proceeds. The process is called transmission.
Asset Management Companies (AMC) have a common procedure for transmission of units, however, there might be a slight variation in formats or documents required across AMCs, but broadly the process is the same.
