Legal Heir on WebNotes

How to claim mutual fund units via succession certificate

Tue, 19 May 2026 00:00:00 +0000

Succession certificate is required when MF units pass to legal heirs without nominee or joint-holder structure. The court-issued certificate establishes heir’s right; AMC processes transmission. The process is significantly longer (6-12 months) and costlier than nominee-based claim, underscoring the value of having registered nominees.

Conflict-of-interest disclosure. This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with any AMC, court, or legal service. No affiliate commission is earned. Succession certificate proceedings require legal counsel; consult a lawyer.

Mutual fund transmission

Tue, 19 May 2026 00:00:00 +0000

Mutual fund transmission is the SEBI-mandated framework for transferring mutual fund units from a deceased investor to their legal heir(s) or nominee. The transmission process protects unit-holder interests while ensuring orderly succession of mutual fund holdings.

For surviving family members of a deceased mutual fund investor, the transmission process is the operational mechanism by which they take ownership of the deceased’s mutual fund units. The process differs significantly based on whether the deceased had a nominated person registered with the AMC.

How to do a transmission of shares at Zerodha (death of holder)

Tue, 12 May 2026 00:00:00 +0000

Transmission is the process by which securities in the demat account of a deceased holder are transferred to the rightful successor – either a registered nominee or a legal heir. It is distinct from an off-market transfer because it is not a voluntary act of the account holder; it is a legal succession event.

Transmission of shares held in a Zerodha demat account is governed by the SEBI Depositories and Participants Regulations, 2018 (Regulations 56 to 60), the SEBI Master Circular on Transmission of Securities, the Companies Act 2013 (Sections 56 and 72), and the CDSL operational instructions. Zerodha, as a CDSL depository participant, follows CDSL’s prescribed transmission procedures.