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Ch.9 · KYC and Folio Management · hard

What is the document required to change the guardian of a minor's mutual fund folio during the minor's childhood?

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EXPLANATION

Changing the guardian of a minor folio requires a court order appointing the new guardian. Natural guardians can be changed only through legal process. The new guardian must also complete fresh KYC.

A.Aadhaar card of the new guardian

B.A notarised affidavit from the minor

C.Written consent of the existing guardian

D.Court order appointing the new guardian, along with KYC of the new guardian [✓ Correct]

EXPLANATION

Changing the guardian of a minor folio requires a court order appointing the new guardian. Natural guardians can be changed only through legal process. The new guardian must also complete fresh KYC.

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