Hi
Due to my employer policy I cant invest in mutual fund
So I want to transfer my mf to my mom account can I done this with csdl easiest
From my account to mom account
Hi
Due to my employer policy I cant invest in mutual fund
So I want to transfer my mf to my mom account can I done this with csdl easiest
From my account to mom account
@amanmourya
Got this from another website. Might be useful
Excerpts
Units of a mutual fund are transferred to a surviving member in case of an untimely demise of the first holder, it is known as ‘transmission’ of mutual funds. On the other hand, a ‘transfer’ is said to happen when all the unit holders are alive.
Ref : Mutual Fund Transferability – Gifting and Transferring of Mutual Funds
Hope this helps
I think this link would be useful if the MF’s are transferred to another demat/broker with the name of same person
But here the scenario is to transfer to another person