Investors have the option to invest (purchase or subscribe to mutual fund units) directly without routing the investment through a distributor (Direct Plan).
The direct plan shall have a lower expense ratio excluding distribution expenses, commission, etc., and no commission shall be paid from such plans.
Transmission of Units - process of transferring units to the person entitled to receive it in the event of the death of the unit holder
If the first holder passes away, the second holder is substituted as first holder.
In a singly held folio with nominations, the units are transferred to the nominee. If a folio is jointly held and has nominations, the right of the joint holder will take precedence.
MODELEXAM® 
www.realsoftinfoplan.com