Gifting Mutual Funds How Does It Work And How Can You Transmit Them To Legal Heirs

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Gifting mutual fund units requires following specific procedures, unlike other assets. Units must be in demat form to transfer. Tax implications vary based on relationships, with exemptions for relatives and capital gains tax applicable upon sale.

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Gifting Mutual Funds: How Does It Work And How Can You Transmit Them To Legal Heirs