Can mutual fund units be gifted to someone else?

Yes, mutual fund units can be transferred or gifted to family members and other individuals. All individual investors, excluding minors, are eligible to transfer their units.

Gifting mutual fund units to minors is not permitted.

Third-party payments are not allowed. If you want to help someone start a fresh investment instead, the money has to be invested from the recipient's own bank account, in their own name.