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.
This article was originally published on January 02, 2012.
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