POSTED BY January 3, 2015 9:57 am COMMENTS (2)ON
My parents had made investment in mutual funds. Unfortunately my mother expired last month.
In many funds, she & my dad are joint holders. Now my father wishes that my name to be inserted in the place of my mother (in some funds she is 1st holder and in others she is 2nd holder). Bcoz many funds are doing quiet well and we do not wish to redeem those and make again fresh investment. So can I replace my mothers name without disturbing the fund investment and its current returns.
If yes, please let me know the procedure.