hello,
can we gift or transfer mutual fund and shares stock directly to mother or from mother to son ??
2 Replies
Sharath chandra
(Accountant)
(1227 Points)
Replied 20 December 2023
You can't gift mutual funds.
2. it is practically not possible.
3. if you want to gift, you can make the person you intend to gift to as your nominee and it goes to them after your demise.
4. if you want to gift instantly... sell the fund. transfer money to sons account. buy it from his account.
2. it is practically not possible.
3. if you want to gift, you can make the person you intend to gift to as your nominee and it goes to them after your demise.
4. if you want to gift instantly... sell the fund. transfer money to sons account. buy it from his account.
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