News From Press How to claim money after death of a mutual fund investor?

How to claim money after death of a mutual fund investor?

Source: The Economic Times Dec 28, 2018

Who can claim the investment proceeds?

As per law, a joint-holder in the folio or legal heir can claim the proceeds. The process is called transmission.

Different cases

Case 1- Transmission to surviving joint holdersCase 2- Demise of sole or all holders, where nominee is registeredCase 3- Demise of sole or all holders, where nominee is NOT registered

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