1.One of the mutual fund unit holders having some units in a mutual fund where nominee was there but unfortunately he died.
2.In another case only unit holder is there but no nominee and unit holder died.
Can experts may give advice on the both cases?
Thanq experts in advance.
The process of appointing a person to take care of the assets in the event of the investor's demise is called Nomination. The nominee can be any family member of the investor – spouse, child, a friend or any other trustworthy person.
In first case co-owner gets ownership of units of M.F. in case of nominee is absent
in second case legal heir certificate has to produce by legal heirs of unit holder of M.F.
