AMFI simplifies mutual fund transmission process to make claim settlement easier for nominees

AMFI has simplified mutual fund transmission procedures for deceased unit holders. New measures consider address and name mismatches for smoother claims. Asset Management Companies will now rely on updated address details supported by documentation. A harmonized framework for name and signature discrepancies is also introduced. These updated guidelines are effective immediately for all member AMCs.

Raccontata daeconomictimes.indiatimes.com