+ Follow us On Google

A sudden death without nomination or a proper will may become a nightmare for the spouse or children of the deceased, posing a hindrance in acquiring investments in mutual fund and bank accounts. The transfer of investments and money is possible, though there are some processes that need to be completed before.

According to an estimate, around Rs 25,000 crore worth of shares and about nearly Rs 80,000 crore of bank deposits are lying unclaimed in the country. These assets often remain unclaimed due to inadequate documentation or heirs being unaware of their existence.

Let’s have a look at these step-by-step guide to claim the investments in MFs and deposits in bank accounts of the deceased ones:

Claiming Mutual Fund (MF) investments — step by step

1) Identify t

See Full Page