Want to claim investments of deceased holders in MFs and bank accounts? Here’s a step-by-step guide

Are you looking for the process to claim investments of a deceased holder without nominee details. Here is some help, as reported by ETWealth.

In case of a claim for investments of a deceased holder lying in mutual funds and bank accounts, you need to complete the transmission process with the respective bank and mutual fund house, according to Vikash Jain, Co-founder, Share Samadhan.

For this, you must provide your KYC documents such as PAN, Aadhaar, affidavit, and indemnity, the expert suggests.

According to the expert, along with the KYC documents, one needs to submit legal documents like the legal heir certificate or, if the value exceeds Rs 5 lakh, a succession certificate from the court.

After preparing and verifying all the required documents, submit them to the concerned bank or mutual fund house.

The expert adds that once they find everything in order, the investments will be transmitted to your name, and you will become the rightful holder of those assets.