MF account joint or anyone or survivor?

POSTED BY sonali ON May 14, 2012 12:19 pm COMMENTS (2)

what is the difference between “Joint account” & “anyone or survivor” type in MF account type.
If you want other person to operate your account hasslefree incase u r not around.which one 1 shud opt.

2 replies on this article “MF account joint or anyone or survivor?”

  1. Renu Chauhan says:

    Hi Sonali,

    “Anyone or Survivor” in Mutual funds is an option where either of the holders can perform the transactions in the folio whereas in joint a/c option the signature of all holders is a must for any transaction.
    With regards to your query if you want another person to do transactions on your behalf in a hassle free way you may opt for “Anyone or Survivor” option.

    Would also like to update you that if you are worried about the hassles related to offline MF transactions then you may opt for online investment mode in MFs. They are quite conveneint and hassle free. You wont even be required to do any paperwork and signature for any transaction, making the process of buying and selling very quick and easy.

    P.S : I personally use an online mutual fund platform “” and find it very easy conveneint and hasslefree 🙂


  2. Dear Sonali, in case of a plain joint account, signature of both holders are compulsory to do any operation. In case of A & S mode, even if one of thwe joint holder is no more or not available, the other holder can operate the account.

    So for your basic query, A & S mode is better for a joint operation account.



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