AMFI simplifies mutual fund transfer process for deceased investors
The Association of Mutual Funds in India (AMFI) has updated its standard operating procedure to make transferring mutual fund units after an investor passes away much simpler. These revised guidelines are designed to help legal heirs and nominees receive their investments more quickly by cutting down on delays linked to small discrepancies in records. Asset Management Companies (AMCs) are now permitted to accept updated address details, provided they are supported by appropriate documentation.
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