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Is it mandatory for a nominee to sell the mutual fund units?

Read on to know if the nominee in a mutual fund is obligated to sell or hold the units of a mutual fund

Is it mandatory for a nominee to sell the mutual fund units?

If ABC has invested amount X in a mutual fund and the wife is the only nominee, whether all units are sold and money will be transferred to the nominee just like an insurance company or nominee may continue to hold units with a fresh nominee? Please throw some focus. - Varun Yalvatkar

This article was originally published on September 01, 2022.


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