Streamlining of Mutual Fund Process for Ease of Transmission Claim

Last updated: 20 July 2026

Notice Date : 17 July 2026

Quick Summary

SEBI and AMFI have introduced new, investor-friendly measures to simplify the process of claiming mutual fund units or proceeds after the death of a unit holder. These updated standards aim to reduce operational challenges faced by the kin of deceased investors. Key changes include easier resolution of address mismatches and a harmonised framework for handling discrepancies in names or signatures, aligning with existing RTA guidelines.

1.SEBI, as an ongoing investor friendly initiative has advised AMFI to further simplify the standards on “Procedure to Claim Units / Proceeds upon death of a unit holder” to address operational challenges faced by kin of deceased investors during transmission process for mutual funds. AMFI has accordingly amended these standards.

2.This would facilitate ease of transmission and align the practices with the regulatory objectives to safeguard investor interests. The updated standards on “Procedure to Claim Units/Proceeds upon death of a unit holder” shall include the following investor friendly measures:

• Resolution of Address Mismatches: In cases where there is a mismatch in the recorded address of the deceased unit holder, Asset Management Companies (AMCs) may rely on the latest available address details, provided they are supported by relevant documents.

• Harmonized Name/ Signature Mismatch Framework: To address discrepancies in the name or signature of the unit holder, AMCs may adopt a framework similar to the guidelines prescribed for RTAs vide SEBI Master Circular dated February 06, 2026. These guidelines inter alia provide that–

in case of name mismatch, investor may submit self-certified documents such as Aadhaar, Passport, etc
in case of signature mismatch, RTAs may follow appropriate procedures basis the nature of mismatch.

For further details Annexure -10 of SEBI Master Circular for Registrars to an Issue and Share Transfer Agents dated February 06, 2026, may be referred.

3.AMFI has been advised to provide training to all relevant entities on the transmission process so that practices across AMCs are aligned with the regulatory guidelines.

Mumbai
July 17, 2026

The main purpose is to simplify the procedure for claiming mutual fund units or proceeds upon the death of a unit holder, addressing operational challenges faced by their families.

Asset Management Companies (AMCs) can now rely on the latest available address details for the deceased unit holder, provided they are supported by relevant documents, even if there's a mismatch.

AMCs can adopt a framework similar to SEBI's guidelines for RTAs, allowing for self-certified documents like Aadhaar or Passport for name mismatches, and appropriate procedures for signature mismatches.

Further details can be found in Annexure-10 of the SEBI Master Circular for Registrars to an Issue and Share Transfer Agents dated February 06, 2026.

Yes, AMFI has been advised to provide training to all relevant entities involved in the transmission process to ensure consistent application of the guidelines.