Comment on Now gift stocks and ETFs to your friends and loved ones

Nakul commented on 14 Nov 2020, 03:35 PM

A gift transaction is considered to be an off-market transfer. The charge for an off-market transfer is Rs. 25/- or 0.03% whichever is higher charged on the value of the securities transferred.

The P&L will be adjusted at the last available closing price of the securities transferred. For example, if you had bought stock X at Rs. 100 and gifted it to someone when the previous closing price of the stock was 150. Your holding will be closed at Rs. 150. The receiver of the gift will get the stock at Rs. 150.

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