Glide Invest FAQ : I wish to gift my mutual fund units to my children or someone else. Can I do the same?

I wish to gift my mutual fund units to my children or someone else. Can I do the same?

As per SEBI regulations, mutual funds cannot be transferred through a Gift Deed to anyone. 

However, if you would like to gift mutual fund units to someone, you will either have to bequeath the units to the person whom you want to gift through a Will or transfer the units through Demat mode via an off-market transaction in the transferee’s Demat account. For the latter mode, the units must be held in Demat mode only.  If the units are held in physical mode, then the same will first need to be dematerialized them and then transferred through an off-market mode as stated above.

Mutual Fund units invested in through Glide Invest are in physical mode.     



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