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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.


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