Succession on WebNotes

How to handle ARN transfer or AUM transition on distributor death

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

ARN transfer on distributor death is operationally complex; ARN itself doesn’t transfer but AUM-linkage to successor ARN is possible. Investor consent is the critical bottleneck.

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Step-by-step procedure

See the procedure infobox above for the six steps.

How to transmit PPFAS units on a unit holder's death

Sun, 17 May 2026 00:00:00 +0000

Transmission is the legal process for transferring a deceased unit holder’s PPFAS Mutual Fund units to the rightful recipient. The recipient depends on what the folio has on record: a registered nominee, a surviving joint holder under Joint or Either-or-Survivor mode, or a legal heir established through court instruments (succession certificate, probate of will, letter of administration). The third path is by far the slowest and most documentarily painful, which is why adding a nominee on every folio matters: with nominee on record, transmission typically completes in 10 to 30 business days; without one, the process can stretch to 60 to 90 business days or longer.

Nomination on a mutual fund folio (India)

Wed, 13 May 2026 00:00:00 +0000

Nomination on a mutual fund folio is the formal designation by a unit-holder of one or more persons entitled to receive the units held in the folio on the death of the unit-holder. The designation is made at folio creation or by a separate declaration to the asset management company (AMC) and is recorded in the registers of the registrar and transfer agent (RTA) . Nomination allows units to be transmitted quickly to a known person, but does not confer beneficial ownership; the nominee receives the units in a fiduciary capacity for the legal heirs.