Can I gift my investments in a mutual fund scheme?

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Mutual fund units cannot be transferred or gifted

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Transfer of units only occurs upon the investor's death, and the nominee must file a claim

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If you want to gift mutual fund investments to your children, invest directly in their name

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Investing in the child's name is possible even if they are under 18 years old

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Parents serve as guardians of the investments until the child reaches adulthood

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The mutual fund company requires KYC details of the guardian and the child's date of birth certificate

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Income from the sale of fund investments held in the name of minors is combined with the parents' income

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After the child turns 18, any investment withdrawals will be treated as their personal income

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Sell the investments in your name, transfer the proceeds to the child's bank account, and then make the purchase on their behalf

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Mutual fund underperformance A guide to smart investment decisions

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