Untitled Document

LEGAL REQUIREMENTS FOR MUTUAL FUND INVESTMENTS

Death of all Joint Holders

Procedure
If all the holders to an account are no more in existence then for the legal heir to claim the units, specific request needs to be made with certain documents.
Documents Required
- In case the heir is claiming under a will:
  - Certified copy of the will;
  - Declaration of heirs and no-claim letter from other heirs.
  - Indemnity bond from the heir claiming the Units.
- In case the heir is not claiming under a will:
  - Certified copy of letter of administration / probate of the court;
  - Declaration of heirs and no-claim letter from other heirs.
  - Indemnity bond from the heir claiming the Units.

NOTES :

All certified copies are to be
- Attested by a gazetted officer; or a practicing Chartered Accountant or Advocate (or)
- Attested by the manager of a bank where the Unit holder maintains an account, specifying the manager's bank identification number (or)
- Notarized by a Notary Public. (Note: A power of attorney is always to be notarized by a notary public.)
In case the Power of Attorney is supplied by the Unit holder, it may be accepted in case it is substantially in accordance with the format provided.
All documents are to be executed on plain paper. Wherever stated so specifically, documents are to be executed on non-judicial stamp paper of the stated denomination. After completion, the required document should be submitted to any of our Investor Service Centers for resolution.