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

Tanmoy commented on 14 Nov 2020, 07:44 PM

Hi,
I want to buy and gift Mutual fund units/ETF to my close relative. I understand the recipient has to open DMAT account in 7 days. Questions:
1. Can I use money from my account to buy the units in her name
2. If DMAT required, what are the requirements for the recipient
3. is the whole process paperless

Thanks

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