Here's how the units are transferred in a joint mutual fund account
Many investors opt to invest in joint names. A jointly held mutual fund account can be opened with a maximum of three members along with a nominee. It must be noted that all the joint holders must be KYC compliant. This makes it easy to transfer the units in case of an unfortunate demise. While we can do that in a regular mutual fund, it's just an easier and faster way to transfer units since there will be less paperwork.
This article was originally published on June 07, 2022.
3 min read•By Dhirendra Kumar
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