Basically there are two types of holding is available. One is single holding under which an individual is the sole owner of the mutual fund units. Second one is joint holding allows two or more individuals to own the mutual fund units together. Joint holding further subdivided into two categorised:
Joint –either or survivor: any of the joint holders can operate the account independently. If one holder dies, the surviving holders become the owner of the units.
All or survivor: here the entire joint holder must sign for any transaction and if any holder dies the surviving holders become the owners.
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