Feb
25
Mutual Fund application , should I put Nominee or put 2nd name of my child ? pl guide me seiorusly?
Filed Under Financial Planning
indiaabroad asked:
I am 81 indian woman husband expired and I am applying for 5 mutual fund of same type and putting each of 5 child’s name as the beneficiary in each mutual fund. When I am no more , each one will get an Mutual fund of equal worth , & at the same time I will not be short of cash if required. But Same procedure 5 times at this age is cumbersome, is there any simple way?
Question posted courtesy of: Rita
I am 81 indian woman husband expired and I am applying for 5 mutual fund of same type and putting each of 5 child’s name as the beneficiary in each mutual fund. When I am no more , each one will get an Mutual fund of equal worth , & at the same time I will not be short of cash if required. But Same procedure 5 times at this age is cumbersome, is there any simple way?
Question posted courtesy of: Rita
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