Procedure for change in status from minor to major (in mutual fund investment)
When the units are held on behalf of the minor, a guardian can operate the account until the minor attains the age of majority. Prior to the minor attaining the age of majority, mutual funds send advance notice to the registered correspondence address advising the guardian and minor to submit an application form along with the prescribed documents to change the status of the account to “major”. At the time of changing the status to major, bank details of the major, along with the applicable documentary proof, should be submitted.
1. A letter from the guardian requesting for the change in the status from minor to major.
Sub: Change of minority status of Unit holder
Ref: Folio Number : __________________________
Name of scheme : __________________________
No. of units : __________________________
With reference to the above account, the same has been held by me (Mr. /Ms________________)
as guardian for the minor Mr./Ms. ____________________________ As the unit holder has attained the age of 18 years, I would request the fund to make the unit
holders(Mr./Ms. ______________________________) in their own capacity. I would also request the fund to ensure that all the correspondences are marked in the name of
The required document proving the age of the unit holder is enclosed herewith i.e. birth
certificate/passport/school leaving certificate.
Encl: Certified copy of the proof of age of Unit holder