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Joint Holder Importance

The joint holder or nominee in mutual funds can establish ownership in the event of the primary holder passing away…

My father had invested in mutual funds and shares, in many of which my mother was a nominee. My father has now passed away, so can I withdraw the investments or renew them in my mother’s name?
-Manish

The goal of having a joint holder in mutual funds is that in the event of the primary holder passing away, the joint holder can establish ownership of the fund units after submitting a death certificate. You will have to contact the fund company and fill out a form that will help you transfer the units in your mother’s name.



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