Gifting of Units

Who can transfer or gift mutual fund units in non-demat mode?

Q: Who can transfer or gift mutual fund units in non-demat mode?

Transfer of units (gifting of units) in non-demat mode is allowed to a third party, to siblings, and as a gift to close family members, but not to minors.

Transfer of units (gifting of units) in non-demat mode

Transfer of units to third party
Transfer to siblings [Brother / Sister]
Gifting of units [Father / Mother / Son / Daughter / Spouse / Granddaughter / Grandson / Brother / Sister]

All individual investors (excluding minors) are eligible to transfer the units.

Gifting of mutual fund units to minors is not permitted, and third-party payments are not allowed.

General information about how mutual funds work, not advice on your circumstances and not a recommendation of any scheme. Mutual fund investments are subject to market risks. Read all scheme related documents carefully.