Your nominee died before you? Here's what happens to your money next - Your nominee died before you: Here's what happens to your money
· economictimes.indiatimes.com
If the person you named as your nominee passes away before you do, it doesn't affect your ownership of your investments at all. Your mutual funds, stocks, demat holdings, and bank deposits still belong entirely to you, and you can keep buying, selling, or redeeming them exactly as before. But there's a catch most people miss: your account is now left without a valid nominee, and it stays that way until you fix it yourself. Your nominee died before you: Here's what happens to your money
If the person you named as your nominee passes away before you do, it doesn't affect your ownership of your investments at all. Your mutual funds, stocks, demat...