How to redeem mutual fund units after a parent's death?

Let's assume a scenario where a father had invested in the 'Dividend' plan of UTI Mastergain in May 1992 when the scheme was launched. The worth of 500 units would have now turned to around Rs 75,000. He would have invested around Rs 5,000 at that time (500 units at an NAV of Rs 10) - that's an annualised return of close to 12 per cent.

This article was originally published on May 25, 2022.