What Happens to Mutual Funds After the Investor Dies?
Many investors build portfolios over several years through SIPs and lump-sum investments. But one important aspect is often ignored: what happens to those investments after the investor dies?
Nominee vs Legal Heir in India: Who Gets Your Bank Account, Mutual Funds and Shares?
A nominee is a person registered by the account holder or investor to receive or claim an asset after the holder's death, subject to the rules applicable to that asset.