Unless you have invested in a close-ended ELSS or other close-ended schemes like FMPs, mutual fund schemes typically don't have a maturity date. There is a term for which investments must be made consistently even in the event of a SIP. There are certain steps that must be taken by the nominee, survivors in the event of joint ownership, or legal heirs in order to recover the proceeds if the investor passes away during the SIP period or before the maturity of a close-ended plan. This action is referred to as transmission. Someone must know about your mutual fund investments in order to request a transfer; otherwise, it may be unclaimed for all time.
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As a result, it's wise to always add a nominee to your mutual fund investments, just like you would with any other investments, and to advise the nominee of this. The survivors listed in your account, if you have a joint stake, may request transmission. However, your legal heirs may still seek transmission if neither nominees nor surviving joint holders are specified in your folio by presenting all required paperwork, including a death certificate. The transmission requester has to be KYC registered.