Motilal Oswal Asset Management Company Ltd. (MOAMC) is a public limited company incorporated under the Companies Act, 1956 on November 14, 2008, having its Registered Office at 10th Floor, Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai - 400025.
Motilal Oswal Asset Management Company Ltd. has been appointed as the Investment Manager to Motilal Oswal Mutual Fund by the Trustee vide Investment Management Agreement (IMA) dated May 21, 2009, executed between Motilal Oswal Trustee Company Ltd. and Motilal Oswal Asset Management Company Ltd.
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Motilal Oswal 5 Year G-Sec Fund of Fund (G) - 10.8885Motilal Oswal Asset Allocation Passive Fund of Fund – Aggressive (G) - 13.6093Motilal Oswal Asset Allocation Passive Fund of Fund – Aggressive-Dir (G) - 13.8205Motilal Oswal Asset Allocation Passive Fund of Fund – Conservative (G) - 12.6904Motilal Oswal Asset Allocation Passive Fund of Fund – Conservative-Dir(G) - 12.8835Motilal Oswal Balance Advantage Fund (Div-A) - 15.498Motilal Oswal Balance Advantage Fund (Div-Q) - 13.093Motilal Oswal Balance Advantage Fund (G) - 19.1334Motilal Oswal Balance Advantage Fund-Dir (Div-A) - 16.0123Motilal Oswal Balance Advantage Fund-Dir (Div-Q) - 13.6867Motilal Oswal Balance Advantage Fund-Dir (G) - 20.8218Motilal Oswal Equity Hybrid Fund - Direct (G) - 19.4706Motilal Oswal Equity Hybrid Fund - Regular (G) - 17.9289Motilal Oswal Flexi Cap Fund(D) - 27.2423Motilal Oswal Flexi Cap Fund(G) - 41.8978Motilal Oswal Flexi Cap Fund-Dir(D) - 27.9103Motilal Oswal Flexi Cap Fund-Dir(G) - 45.7907Motilal Oswal Focused Fund - Direct (D) - 22.8717Motilal Oswal Focused Fund - Direct (G) - 45.0153Motilal Oswal Focused Fund (D) - 20.0122Motilal Oswal Focused Fund (G) - 39.2286Motilal Oswal Large and Midcap Fund - Dir (D) - 21.2796Motilal Oswal Large and Midcap Fund - Dir (G) - 24.5664Motilal Oswal Large and Midcap Fund (D) - 20.1878Motilal Oswal Large and Midcap Fund (G) - 22.9874Motilal Oswal Liquid Fund - Direct (Div-D) RI - 10.0077Motilal Oswal Liquid Fund - Direct (Div-F) RI - 10.0229Motilal Oswal Liquid Fund - Direct (Div-M) - 10.0485Motilal Oswal Liquid Fund - Direct (Div-Q) - 10.1233Motilal Oswal Liquid Fund - Direct (Div-W) RI - 10.0114Motilal Oswal Liquid Fund - Direct (G) - 12.5394Motilal Oswal Liquid Fund - Regular (Div-D) RI - 10.0055Motilal Oswal Liquid Fund - Regular (Div-F) RI - 10.0222Motilal Oswal Liquid Fund - Regular (Div-M) - 10.0481Motilal Oswal Liquid Fund - Regular (Div-Q) - 10.121Motilal Oswal Liquid Fund - Regular (Div-W) RI - 10.0184Motilal Oswal Liquid Fund - Regular (G) - 12.4464Motilal Oswal Long Term Equity Fund (D) - 24.5579Motilal Oswal Long Term Equity Fund (G) - 36.0166Motilal Oswal Long Term Equity Fund -Dir (D) - 30.06Motilal Oswal Long Term Equity Fund -Dir (G) - 40.4754Motilal Oswal Midcap Fund (D) - 35.799Motilal Oswal Midcap Fund (G) - 68.6109Motilal Oswal Midcap Fund-Dir (D) - 38.6314Motilal Oswal Midcap Fund-Dir (G) - 77.2863Motilal Oswal MSCI EAFE Top 100 Select Index Fund (G) - 11.4075Motilal Oswal Multi Asset Fund - Direct (G) - 12.8601Motilal Oswal Multi Asset Fund (G) - 12.2958Motilal Oswal Nasdaq 100 FOF - Direct (G) - 27.6949Motilal Oswal Nasdaq 100 FOF - Regular (G) - 27.1461Motilal Oswal Nifty 200 Momentum 30 Index Fund - Direct (G) - 12.9691Motilal Oswal Nifty 50 Index Fund - Direct (G) - 17.5563Motilal Oswal Nifty 50 Index Fund (G) - 17.2714Motilal Oswal Nifty 500 Fund - Direct (G) - 21.1438Motilal Oswal Nifty 500 Fund (G) - 20.5621Motilal Oswal Nifty Bank Index Fund - Direct (G) - 17.0126Motilal Oswal Nifty Bank Index Fund (G) - 16.5163Motilal Oswal Nifty Microcap 250 Index Fund - Direct (G) - 13.4816Motilal Oswal Nifty Microcap 250 Index Fund - Regular (G) - 13.4422Motilal Oswal Nifty Midcap 150 Index Fund (G) - 28.3778Motilal Oswal Nifty Midcap 150 Index Fund-Dir (G) - 29.27Motilal Oswal Nifty Next 50 Index Fund - Dir (G) - 17.5344Motilal Oswal Nifty Next 50 Index Fund (G) - 17.0759Motilal Oswal Nifty Smallcap 250 Index Fund (G) - 29.2085Motilal Oswal Nifty Smallcap 250 Index Fund-Dir(G) - 30.0748Motilal Oswal S&P 500 Index Fund - Direct (G) - 17.4864Motilal Oswal S&P 500 Index Fund (G) - 17.1064Motilal Oswal S&P BSE Enhanced Value Index Fund (G) - 17.8017Motilal Oswal S&P BSE Enhanced Value Index Fund-Dir (G) - 17.9546Motilal Oswal S&P BSE Financials ex Bank 30 Index Fund (G) - 13.0935Motilal Oswal S&P BSE Financials ex Bank 30 Index Fund-Dir (G) - 13.2216Motilal Oswal S&P BSE Low Volatility Index Fund (G) - 13.5067Motilal Oswal S&P BSE Quality Index Fund - Dir (G) - 13.0204Motilal Oswal S&P BSE Quality Index Fund (G) - 12.904Motilal Oswal Ultra Short Term Fund - Dir (Div-D) - 11.1497Motilal Oswal Ultra Short Term Fund - Dir (Div-F) - 11.1796Motilal Oswal Ultra Short Term Fund - Dir (Div-M) - 11.1376Motilal Oswal Ultra Short Term Fund - Dir (Div-Q) - 11.3423Motilal Oswal Ultra Short Term Fund - Dir (Div-W) - 11.1375Motilal Oswal Ultra Short Term Fund - Dir (G) - 15.7652Motilal Oswal Ultra Short Term Fund (Div-D) - 10.9245Motilal Oswal Ultra Short Term Fund (Div-F) - 10.9441Motilal Oswal Ultra Short Term Fund (Div-M) - 10.9257Motilal Oswal Ultra Short Term Fund (Div-Q) - 11.0847Motilal Oswal Ultra Short Term Fund (Div-W) - 10.9318Motilal Oswal Ultra Short Term Fund (G) - 15.0443

Guidelines for Transmission Of Units Procedure AMFI Circular No 85

The list the documents required for transmission under various situations is explained in the following paragraphs: 

1. Deletion of names of the deceased unit holders in case of death of 2nd and/or 3rd Holder. 

i. Request Form (Form T1) from surviving unit holder(s) requesting for Deletion of Name of Deceased 2nd and/or 3rd Holder. (Click here to download)


ii. Death Certificate in original or photocopy duly attested by a Notary Public or a Gazetted Officer.

iii. Fresh Bank Mandate Form along with cancelled cheque of the new bank account (only if there is a change in existing bank mandate)

iv. Fresh Nomination Form in case there is no nomination or a change in existing nomination is desired by the surviving unit holders.(Click here to download forms)

v. KYC Acknowledgment OR KYC Form of the surviving unit holder(s), if not KYC compliant. 

2. Transmission of Units to surviving unit holder(s) in case of death of the 1st holder

i. Transmission Request Form (Form T2) for Transmission of Units to the surviving unit holder/s.
(
Click here to download)

ii. Death Certificate of the deceased unit holder(s) in original OR photocopy duly attested by a Notary Public or a Gazetted Officer.

iii. Copy of PAN Card of the Surviving Joint Holder(s) (if PAN is not provided already)

iv. Cancelled cheque of the new first unit holder, with the claimant’s name pre-printed OR

Recent Bank Statement/Passbook (not more than 3 months old) of the new first holder.

v. KYC Acknowledgment OR KYC Form of the surviving unit holder(s), if not KYC compliant. 

3. Transmission of Units to the registered Nominee/s in case of death of Sole or All unit holders

i. Transmission Request Form (Form T3) for Transmission of Units in favour of the Nominee(s). (Click here to download)

ii. Death Certificate of the deceased unit holder(s) in original OR photocopy duly attested by a Notary Public or a Gazetted Officer.

iii. Copy of Birth Certificate, in case the Nominee is a minor.

iv. Copy of PAN Card of the Nominee(s) / Guardian (in case the Nominee is a minor)

v. KYC Acknowledgment OR KYC Form of the Nominee(s) / Guardian (where Nominee is a Minor)

vi. Cancelled cheque with the Nominee’s name pre-printed OR Copy of the Nominee’s recent Bank Statement/Passbook (which is not more than 3 months old).

vii. If the transmission amount is upto .2 Lakh,

Nominee’s signature attested by the Bank Manager as per Annexure-Ia. In case the Nominee is a Minor, signature of the Guardian (as per the bank account of the Minor or the joint account of the Minor with the Guardian) shall be attested. 

If the transmission amount is for more than 2 Lakh, as an operational risk mitigation measure, signature of the Nominee shall be attested by a Notary Public or a Judicial Magistrate First Class (JMFC) in the space provided for signature attestation in the TRF itself below the signature of the claimant. (
Click here to download)

4. Transmission of Units to the Claimant/s on death of Sole unit holder or All unit holders, where there is NO NOMINATION registered

i. Transmission Request Form (Form T3) for Transmission of Units to the Claimant (Click here to download)

ii. Death Certificate of the deceased unit holder(s) in original OR photocopy duly attested by a Notary Public or a Gazette Officer.

iii. Copy of Birth Certificate in case the Claimant is a minor.

iv. Copy of PAN Card of the Claimant / Guardian (in case the Claimant is a minor).

v. KYC Acknowledgment OR KYC Form of the Claimant / Guardian (in case the Claimant is a Minor)

vi. Cancelled cheque with the claimant’s name pre-printed OR Copy of the Claimant’s recent Bank Statement/Passbook (which is not more than 3 months old).

If the transmission amount is up to .2 Lakh –

a. Bank Attestation of signature of the Claimant by the Bank Manager as per Annexure-Ia. In case the Claimant is a Minor, the signature of the Guardian (as per the bank account of the Minor or the joint account of the Minor with the Guardian) shall be attested. (Click here to download)

b. Any appropriate document evidencing relationship of the claimant/s with the deceased unit holder/s.

c. Bond of Indemnity - as per Annexure-II . to be furnished by Legal Heirs for Transmission of Units without production of Legal Representation. (Click here to download)

Provided that in case the legal heir(s)/claimant(s) is submitting the Succession Certificate or Probate of Will or Letter of Administration wherein the claimant is named as a beneficiary, an affidavit as per Annexure-III from such legal heir/claimant(s) alone would be sufficient; i.e., Bond of Indemnity is not required. (Click here to download)

d. Individual Affidavits to be given by each legal heir as per Annexure-III (Click here to download)

e. NOC from other Legal Heirs as per Annexure – IV, where applicable.(Click here to download)

If the transmission amount is more than .2 Lakh –

a. Signature of the Claimant duly attested by a Notary Public or a Judicial Magistrate First Class (JMFC) in the space provided for signature attestation in the TRF itself below the signature of the claimant. In case the Claimant is a Minor, the signature of the Guardian (as per the bank account of the Minor or the joint account of the Minor with the Guardian) shall be attested.

b. Individual Affidavits to be given each legal heir as per Annexure-III (Click here to download)

c. Any one of the documents mentioned below:
. Notarised copy of Probated Will; OR

. Succession Certificate issued by a competent court; OR

. Letter of Administration or court decree, in case of Intestate Succession.


5. Change of Karta upon death of the Karta of Hindu Undivided Family (HUF)

If the case of a HUF, the property of the HUF is managed by the Karta and the HUF does not come to an end in the event of death of the Karta. In such a case, the members of the HUF will need to appoint a new Karta, who needs to submit following documents for transmission:

i. Request Form (Form T4) for change of Karta upon demise of the registered Karta. (Click here to download)

ii. Death Certificate of the deceased Karta in original OR photocopy duly attested by a Notary Public or a Gazette Officer.

iii. Bank’s letter certifying that the signature and details of new Karta have been updated in the bank account of the HUF & attesting the Signature of the new Karta as per Annexure-1b. (Click here to download)

iv. KYC Acknowledgment OR KYC Form of the new Karta and the HUF, if not KYC compliant.

v. Indemnity Bond as per Annexure V signed by all surviving coparceners (including new Karta).

vi. If the transmission amount is upto .2 Lakh, any appropriate document evidencing relationship of the new Karta and the other coparceners with the deceased Karta.

vii. If the transmission amount is more than .2 Lakh, any one of the documents mentioned below –
. Notarized copy of Settlement Deed, or
. Notarized copy of Deed of Partition, or
. Notarized copy of Decree of the relevant competent court.

6. Transmission of Units to the Claimant/s upon death of the Karta of HUF, where there is no surviving co-parcener or the HUF has been dissolved/partitioned after demise of the Karta

i. Transmission Request Form (Form T5) for Transmission of Units to the Claimant. (Click here to download)

ii. Death Certificate of the deceased Karta in original OR photocopy duly attested by a Notary Public or a Gazette Officer.

iii. Copy of Birth Certificate in case the Claimant is a minor.

iv. Copy of PAN Card of the Claimant(s) / Guardian (in case the Claimant is a minor)

v. KYC Acknowledgment OR KYC Form of the Claimant(s) / Guardian (in case the Claimant is a Minor)

vi. Cancelled cheque with the claimant’s name pre-printed OR Copy of the Claimant’s recent Bank Statement/Passbook (which is not more than 3 months old).

vii. If the transmission amount is upto .2 Lakh, attestation of signature of the claimant by Bank Manager as per Annexure-Ia. In case the claimant is a Minor, the signature of the Guardian (as per the Minor’s bank account / Minors joint account with the Guardian) shall be attested. (Click here to download)

If the transmission amount is for more than .2 Lakh, signature of the claimant shall be attested by a Notary Public or a Judicial Magistrate First Class (JMFC) in the space provided for signature attestation in the TRF itself below the signature of the claimant.

viii. Bond of Indemnity to be furnished by the Claimant as per Annexure-VI. (Click here to download)

ix. If the HUF has been dissolved/partitioned by the surviving members after demise of the Karta, the transmission of units should be effected only on the basis of any of the following documents:

. Notarized copy of Settlement Deed, OR
. Notarized copy of Deed of Partition, OR
. Notarized copy of Decree of the relevant competent Court.

7. Clarifications

a. In case of death of the 1st holder, if there are two surviving joint holders, the surviving 2nd holder will be treated as the new primary / 1st holder.

b. PAN card copy of the nominee /claimant/s need not be insisted separately, if the same is available in KYC data. In case of residents of Sikkim, appropriate Id. proof shall be collected in lieu of PAN card.

c. Where the units are to be transmitted to a claimant who is a minor, various documents like KYC, PAN, Indemnity should be of the Guardian of the minor nominee / legal heir. Bank Attestation of the Signature of the Guardian of the minor shall be as per the bank account of the Minor or the joint account of the Minor with the Guardian.

d. In case of multiple nominees/ claimants, the monetary threshold of more than ?2 lakh for the purpose of obtaining the Indemnity Bond shall be the determined on the basis of the aggregate value of the Units under all the folios for which the claim is being submitted as per the latest NAV as on the date of receipt of the claim, before dividing / splitting the claim amongst multiple nominees or claimants/ surviving co-parceners.

e. Also, where there are more than one nominees / legal heirs (claimants) in a folio or set of folios, the nominees / legal heirs should be encouraged / requested to submit the Transmission request together, so that all the Units held by the deceased unit holder(s) could be transmitted in one-go to for operational efficiency and convenience.

f. If the deceased unit holder(s) held units in several folios, as 1st holder(s) in some folios and as joint holder in other(s), a single claim form may be accepted for operational ease, provided the ALL the deceased holders are common across the multiple folios (irrespective of the order of names) AND the nominee(s) / claimant(s) is/are also common/same across ALL the folios.

g. Once a transmission request is received, it is incumbent upon the AMC/RTA to determine if the deceased unit holder had any unit holdings under any other scheme / folio, and put a flag in the system against all other folios of the deceased unit holder, basis PAN / PEKRN with a suitable communication to the surviving unit holders / nominee/s (if any, registered against the folios) to submit the claim form with reqd. documents in respect of the remaining folios.

h. In such cases where the deceased was the 1st holder in respect any one of the folios/funds, units in all other holdings across all other folios/schemes, where the deceased was the 1st unit holder shall be ‘Stop’ marked/blocked against any further transactions basis PAN or PEKRN.

i. The process and documentation for transmission of units where the claimant / nominee is a mentally unsound person, shall be the same as applicable to a Minor claimant, except that the Guardian shall be a court appointed guardian. Additionally, a Medical Certificate from an appropriate registered medical practitioner may be obtained regarding the Mentally unsound person.

j. Copies of all supporting documents submitted for settlement of the claim, such as the Death Certificate of the deceased, Birth certificate of the minor, Probate of Will, Succession Certificate, Letter of Administration shall be duly attested by a Notary Public or a Gazette Officer.

k. If the transmission amount is for more than ?2 Lakh, as an operational risk mitigation measure, the signature of the Nominee/ Claimant shall be attested only by a Notary Public or a Judicial Magistrate First Class (JMFC) in lieu of banker’s attestation. For this purpose, space has been provided for signature in the TRF itself below the signature of the claimant.

l. While the list of documents mentioned above should be taken in all cases, in specific cases and situations related to transmission of units that are not enumerated in section 1 to 6 above, AMCs should adopt proper due diligence and request for appropriate documents depending on the circumstances of each case and apply the general principles enumerated in sections above before transmitting the units in favour of the claimant/s.





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