Minor to Major Status Change Letter for Mutual Fund Format

A mutual fund unit holder could be a person of minority age. In India, the age of minority is considered under 18 years of age. For handling the property of the minor, one or more guardians are appointed by the court of law. In case of mutual funds, the name of the guardian(s) is added in case of minor aged unit holders.

After attaining the age of majority, the minor or the guardian could apply to the mutual fund company for removal of name of the guardian from their register and update the age status of the unit holder from minor to major.

How to apply?: You could visit the branch office of the mutual fund company to submit the application form with them. You can download the application form from their website and submit it at the branch. The application form has to be duly filled in and signed. Copies of documentary proofs proving age of majority should also be provided along with it.

Some mutual fund companies may also accept change requests in the form of written letters. Following is a format for your reference.

TEMPLATE

Date: ...................

From

(Name of the Mutual Fund unit-holder)

(Address, Phone Number, Email Id)

To

The Branch Manager

(Mutual Fund Company Name)

(Branch Name, Address)

(Phone Number)

Sub.: Application for change of status from minor to major

Dear Sir/Madam,

I am currently a mutual fund unit-holder of your organization. My holding details are as follows.

Folio No.: ...................

Registered holder name: .................. Date of Birth: ...................... PAN: ....................

Name of the Guardian: .........................

The investments in the account were made when I was of the age of minority / The investments in the account were transferred to me as I was the nominee to my parents holdings, I was a minor then. I am now of the age of majority. I have attained the age of 18 years on (Date). Hence, I would like the age status of my mutual fund account with you to be changed from minor to major. I would also request for the removal of guardian name i.e. (Name of the Guardian) from my account.

Kindly update my personal details as per the KYC form and my banking details as per the bank verification form, which are enclosed herewith.

Enclosed herewith the following documents in support of my request:

(1) KYC acknowledgement form duly self-attested.

(2) Copy of Age proof (birth certificate, 10th certificate, driving license, etc.)

(3) Identity and address proof copies (PAN card, Aadhar card, etc.)

(4) Specimen Signature in blank paper.

(5) Bank verification form for updation of bank details.

(6) Cancelled cheque or bank passbook photocopy.

Kindly do the needful and oblige.

Thanking you,

Yours faithfully,

   (Signature)

(Name of the Mutual Fund unit-holder)

Encl.: As above

Bank Verification Form Template

TO WHOMSOEVER IT MAY CONCERN

(Name of the Person), resident of (Full Address), date of birth: ..............., phone number: .............., is holding an account in our bank as per the following details:

Account holder's full name: ....................

Bank name: ......................

Branch name: ...................

Address: ...........................

Account number: .............

Type of account: Savings/Current

IFSC: ...............................

MICR: .............................

Signature: ........................

Name: ..............................

Attested by: (Bank Official Details)

Signature: .........................

Name: .......................

Designation: .................

Employee number: ..................

(Branch seal)

This verification form is provided as per the request of the (Name of the Person) for submitting to the mutual fund company for change of status from minor to major.

Date: .............

Place: .............