Ask Value Research

Can I gift a mutual fund to someone?

Here we explore the case of transferability and gifting of mutual funds to your children

Gift mutual fund: Can I gift a mutual fund to someone?

dhanak हिंदी में भी पढ़ें read-in-hindi

The units of mutual funds can neither be gifted nor transferred. The only situation in which a transfer is allowed from one person to another is upon the death of the investor. In such a situation, the nominee is required to produce the death certificate of the investor along with the KYC documents. The mutual fund units are then transmitted in the name of the nominee.

Read this story and thousands more

Register for free on Value research now to enjoy the lifetime access

Register Now right-arrow

Other Categories