Inheriting shares, mutual funds and bonds in India? Here's what every NRI should know

A registered Will generally prevails over an outdated nomination for inheriting shares, mutual funds, and bonds in India.

NRIs must follow transmission procedures, KYC requirements, and FEMA regulations to inherit financial assets.

The transmission process applies specifically to shares, mutual funds, and bonds held by NRIs.

Failure to comply with KYC and FEMA rules can delay or prevent inheritance of these assets.