Now gift stocks and ETFs to your friends and loved ones

November 14, 2020

Hindi: इस पोस्ट को हिंदी में पढ़ने के लिए यहाँ क्लिक करें।

We all have been in situations where we’ve spent several hours searching for the right gift for an occasion. Choosing a meaningful gift is never easy. One of the things we’ve wanted to do at Zerodha for a long time was to make gifting stocks, mutual funds, and bonds easier, but making the process seamless and online wasn’t possible. The only way to gift stock was to execute an off-market transfer by filling up a physical delivery instruction slip (DIS) and then sending it to us to complete the transfer.

But thanks to the recently introduced CDSL’s e-DIS (Electronic delivery instruction slip), we now have built a platform to gift stocks, ETFs, and gold bonds to your friends and loved ones in a few easy steps. We’ll soon enable gifting of mutual funds and gifting to minors (<18 years).

We think stocks and ETFs are the perfect gifts for most occasions, and they are quite literally gifts that keep on giving. They are also a great way to introduce your friends and family to investing and capital markets and in turn, help in the financialization of our country.

With this in mind, we’ve made gifting stocks as easy as it gets. 🙂

How to gift

  1. Head over to the stock gifting page on Console

    Gift stocks, ETFs, and Gold Bonds

  2. Enter your friend’s name and/or email address and click on “Continue”.
  3. Select the stock(s) you wish to gift and enter the quantity.

    Select the stock you wish to gift

  4. Click the “Confirm & send” button. The recipient will receive an SMS and email with the details of the gift.

    Confirm the details

  5. You can also share your unique gift link by copying it from the history section.
  6. Once the recipient has accepted the gift, you will receive an email and SMS notification from Zerodha asking you to verify the details of the recipient and approve the stocks to be transferred from your demat to the recipient using the CDSL TPIN. If the recipient doesn’t have a Zerodha account, the account can be opened in a few minutes, and he or she can then accept the gift.

    Approve gift email notification

    Approve gift on Console

    Approve gift on Console

    Confirm the gift you're sending

    Confirm the gift you’re sending

    Authorize the debit of stocks with your TPIN

    Authorize the debit of stocks with your TPIN

    Enter your TPIN and approve the debit of securities

    And you’re done!

  7. After you have approved the debit of stocks using the CDSL TPIN, Zerodha will set up an off-market gift transaction at CDSL which you need to verify using an OTP sent by CDSL. Shortly after the off-market gift transaction is set up by Zerodha, which happens at 5 PM on every trading day, you’ll receive an email and SMS from CDSL with this link to verify the transaction through an OTP. You will be required to enter your PAN or 16 digit DP ID and generate the OTP. The OTP verification has to be done by 8 PM on the same day.

    Authorize the demat transfer

    Enter OTP and complete the transfer

  8. On successful verification of the gift transaction, the stocks are transferred from your demat account to the recipient’s demat account.
  9. To calculate the P&L and buy averages, the gift trade will be entered at the previous closing price available of the stock on the day the transfer. The holding transferred by the sender of the gift will be closed at the previous closing price of the stock, and the average price for the receiver of the stock will be the same closing price of the stock.
  10. There are no additional charges for gifting. Off-market transfer charge of Rs. 25/- or 0.03% whichever is higher is applicable for these transfers.
  11. There will be no tax implication for the sender of the gift. However, there could be taxes on the receiver if the gift received is more than Rs 50,000. Check this article to know more.

You can also check out these support articles for more:

The next time you’re looking for a gift, you know what to do. 🙂

From all of us here at team Zerodha, wishing you all a happy and prosperous Diwali! 🪔

Team Zerodha

India's largest retail brokerage

198 comments

  1. Tarun says:

    This is super nice.

  2. Teja says:

    Wow. Recently gifted mf to my nephew just few days back. Zerodha came up with this now. What a business with tailwinds

  3. Rajesh patel says:

    Thats great nithin bro 🙂
    When ever i think of coming up with something innovative,you guys are already done with it.
    Wonder with pace/ speed of execution you guys @zerodha are blessed with .

    Ill have to think something else 😊

    Hopefully you remember me 😁

  4. Shreya DR says:

    Wow, that is fantastic. Can this be utilized to trf stocks n mf holdings of one person to another person w/o any paperwork? Or to trf the holdings of deceased to his/her nominee?

    • Nakul says:

      Yup, this can be used to transfer stocks and MF as gifts without any paperwork. Transfer of holdings of a deceased to his/her nominee is a different process called transmission of holdings. You can go through this support article to know more about transmission of holdings.

  5. Rutvik says:

    Looking osm

  6. Sk says:

    Zerodha should gift it’s clients a token of appreciation to make it no. 1 stock broker.

  7. Ritupon Deori says:

    Excellent idea onto execution. These simple gifting ideas are a great value for money

  8. Sanmati Barmecha says:

    What if he/she are less than 18 years old and doesn’t have demat account. Can we give it to them and they can redeem it after like 10-15 years or whenever they are 18 plus?

  9. Vijay Sambra says:

    I requested to get in touch with 3 of my contacts. You people didn’t even try contacting them yet. Been more than a month now.

  10. Abhishek says:

    Simply wonderful..!!

  11. Vamsee says:

    Amazing work thanks nitin and team

  12. Ravirajsinh says:

    New stock top 5

  13. Pritam Hait says:

    Receiver will get stock at current rate? Or sender buying price?

    • Nakul says:

      We’ve taken a conservative approach keeping the tax implications in mind. The holdings in the recipient’s account will be at the previous closing price available at the time of the transfer.

  14. Jayan says:

    Is it necessary for the recipient to have a zerodha account only to receive this gift??

  15. Sumit kevet says:

    Titan

  16. Jitendra says:

    Super!! Needed very much this gift will generate more gifts YOY.

  17. Vinod Kumar says:

    Nice

  18. Pinki says:

    I hve been like a zerodha.

  19. Akash says:

    Can we gift to Non-Zerodha demat account too?

  20. Vivek says:

    Great idea
    Really impressed

  21. Velli says:

    Thats Superb…

  22. Venu Gopal says:

    Wow great, it is fantastic movement.

    With this we can be utilized to transfer stocks n MF holdings of one person to another person without any paperwork.

    • Matti says:

      Hey Venu. All stock transfers need to mention the reason for the transfer. In this case, the reason if “gift”. If you intend to transfer stocks to someone in exchange for cash, you’ll have to wait for some time. We’re working on making this possible separately.

  23. Saravanakumar says:

    The option that I wanted for so long has been made easy

    Thanks.

  24. Rupesh says:

    Does receipent of gift need Demat mandatorily?

  25. Koppula sathish says:

    Thanks to zerodha team its a amazing gift for to all zerodha clients utilize this opportunity

  26. Madanmohan says:

    Already other brokers IIFL, ICICI DIRECT is having electronic transfer of shares. In what it is different?

  27. Sachin says:

    Really innovative concept on diwali laxmipujan day.

    Kindly narrate on gift transaction brokerage and charges and how it impact on exit process profit and loss effect.

    • Nakul says:

      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.

      • Sandeep Batra says:

        What about tax implication of rs 50 by which the stock price increased ? Sender or recipient is taxed ?

      • Rajesh says:

        That means, even I am making profit of x% from N quantity of stocks, in case of gift, my receipant will get the stock in market price, not on the price I purchased, even the same stock is already in his/her portfolio.

  28. Shashank says:

    Hey zerodha! Gift me a Stock.

  29. Shyam gadia says:

    Happy Diwali

  30. Minesh says:

    Can we transfer stock to Non-zerodha account too?

    • Nakul says:

      You can initiate a gift transfer to anyone. The person receiving the gift can open his Zerodha account and then accept the gift if he/she already doesn’t hold a Zerodha account.

  31. Srinivas says:

    This is fantastic and very much needed initiative to create wealth. Am eagerly looking fwd to seeing gifting options for less than18 years..as this will be a game changer and very much used

  32. Kalyan says:

    Happy diwali

  33. ARCHANA JENIFER.L says:

    wish a happy diwali …smile

  34. Praveen R says:

    But 1 challenge I see is that in case of gifted stock donee’s cost is the cost paid by the donor. If you put previous close price then how donee will get to know the details of previous owner i.e., period of holding and cost of acquisition? Can you clarify on this!!!!

  35. Bharat khande says:

    Happy Diwali.. Idea super but how to get Gift

  36. Kailash Chander Gupta says:

    Zerodha has done something special and specially on this festive day of Deepawali.
    Congratulations team Zerodha.

  37. Sourabh Mittal says:

    That’s Amazing.
    Zerodha always ahead of expectations. 👍

  38. Murali iyer says:

    Very lightening idea.

  39. Umesh says:

    This is a great step forward team Zerodha!

    It’s the best Gift received from you till now 🙂

  40. Sudhir ATMARAM GANGARDE says:

    Happy Diwali

  41. Pankaj says:

    Is it something like selling stocks as it charges 25/- or .3 percent per instrument?

  42. Ghanshyam says:

    Fantastic great way

  43. RT says:

    This is how you market your product perfectly❤️

  44. ARCHANA JENIFER.L says:

    This zerodha 18 years….good my zerodha better frist feel good. .smile

  45. Sachin says:

    I want to transfer all of my shares to my spouse do it will be counted under gift or I have to go by another process to transfer shares…
    Kindly help for the same

  46. Sunitha P says:

    Very nice, but the recipient also have to be zerodha account is only seems a hurdle.

  47. Sachin says:

    I want to transfer all of my shares to my spouse do it will be counted under gift or I have to go by another process to transfer shares…

    • Nakul says:

      If you wish to transfer the securities, not for the specific reason of a gift then you’ll have to use CDSL Easiest to make an off-market transfer.

      If you are initiating a transfer for the purpose of gifting, then this process works well. Do remember that there can be tax implications. The sender and recipient must maintain proper documentation such as a gift deed to justify the genuinity of the gift transaction as there are chances of scrutiny from the tax department if the gift amount is high.

  48. Arvind Sampath says:

    This is a great idea.
    What’s the procedure to open a demat account for a minor?
    Aadhar, Passport would be only ID proofs possible.

  49. RT says:

    Can I gift even the loss of that stock from the purchase price to my friend along with the stock😂

  50. Ramesh Khankar says:

    It is fantastic without any paper work we can transfer stocks mf etc.Only question is to any broker a/c holder?

    • Matti says:

      No, Ramesh, the recipient needs to have a Zerodha account too. If they don’t have one at the time of gifting, they can also open one after you gift to accept it as stated int eh post above.

  51. Gaurav S Asodariya says:

    Hello sir
    When zerodha provide basket order in kite app?

  52. Shankar kalagate says:

    One more step forward from zerodha

  53. Manoj Patil Sir says:

    Superb, very nice facility, I loved it.

  54. Sagar says:

    Very nice day

  55. Xcommunicad0 says:

    Amazing idea, Zerodha Team!
    First, you changed the landscape and now creating some new as well. Happy Diwali !

  56. Sagar says:

    Happy Diwali

  57. Amrish Kumar Pandey says:

    This is awesome but I want to know when will be zerodha is going to start global investing platform.

  58. Vivek Koul says:

    How to gift a mutual fund to a friend?

  59. Soumen Ghosh says:

    And that’s we call sharing happiness, Happy Deepawali. ,🪔🪔🪔

  60. Ravi chavda says:

    Best zerodha

  61. Vikash says:

    Hello sir ,
    Can u pls tell me that if recipient have no demat account and he does not wants open demat/zerodha for few years so gifted stock are valid after few years

  62. Ramachandra says:

    Happy diwali zerodha

  63. Murty says:

    Does this statement means Zerodha demat/coin can be opened for minors ? “We’ll soon enable gifting of mutual funds and gifting to minors (<18 years)?

  64. Jalak Kamdar says:

    Can I gift stock to someone who has another broker’s demat account and not Zerodha?
    My Zerodha account to other non-zerodha account??

  65. Sudhir Late says:

    Can we gift the stocks to NRI who doesnot have zeroda account.

  66. sachin suklal salunke says:

    can i gift stock to someone who don’t have zerodha acc if no what is the procedure for doing the same????

  67. Arjun prasad yadav says:

    मै अभी हाल ही मे डीमैट account खोला है और मेरे लिए नये अवसर खुले है शेयर बाजार के माध्यम से और मैने bajaj finance service limited का शेयर hold किया हूं

  68. Varun says:

    Awesome feature. Looking forward to transfers for minors as well.

  69. Kuldeep Singh says:

    I am purchasing this diwali many shere for sagun

  70. Tejas Chawda says:

    Open for gifts! Haha

  71. Prashant Desai says:

    Happy Diwali zerodha

  72. Ganesh maske says:

    Zeroda no 1 brokar

  73. Vaibhav says:

    When I go under gifting it only says You do not hold any stocks approved for gifting.
    How do I gift someone?

  74. Brahmananda Majhi says:

    My daughter has no Demat or Trading Account. I gift her some Stock. How much it will cost to open a demat and trading account and how many days it will take?

    • Matti says:

      Hi Bhramananda, we’ll enable gifting stocks to minors soon. Once that process is live, you’ll be able to open a minor demat account and gift.

  75. RITUKANT MAURYA says:

    This is really very fantistic feature introduced by Zerodha for transfer/Gifting of DMAT instruments to our dear one.

  76. Sai Pavan says:

    Few stocks are seen in the list of holdings while gifting. Is gifting limited to few companies?

  77. sudhir singh says:

    hi nithin & nikhil….happy diwali to u, family & great team

  78. Saurabh says:

    I think it’s a great feature which is going to make everyone happy 🤠

    Wish you all and Zerodha team Happy Diwali 🙂

  79. MANGAL PRAJAPATI says:

    happy diwali

  80. Guru says:

    Finally, my long awaited wish became true by Zerodha.
    Now life is easy for me to give people an appreciating gifts.

  81. BHARAT THAKOR says:

    Wish You And Your Family Happy Diwali And Happy New Year…….

  82. Vaidhiyanathan N says:

    Happy Diwali.

  83. Dhannana BABY KUMARI says:

    HAPPY DEEPAWALI…..ZERODHA….KEEP PROFITING

  84. Rakesh Kumar Singh says:

    Great…

  85. Tanmoy says:

    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

  86. Ankit says:

    If the recipient doesn’t have a Zerodha account, they will need to open one. Will this new account opening be considered as a referral for the sender?

  87. Kishore says:

    Wow… Amazing… This is a really nice feature and good one for introducing the younger ones to financial world, saving and investing mindset

  88. Kowsik Pindikura says:

    Proud to be associated with Zerodha and always forward for innovative features

  89. Suresh Patki says:

    Hi,
    What will b the statutary tax liabilities? If taxes apply who will pay? Though it is a gift will it b treated as sale for the calculation of tax?

  90. H R Anil Babu says:

    Thank you for your wishes,
    Wishing you all of the TEAM ZERODHA a happy and prosperous Diwali!

  91. Rajesh says:

    Can anyone gift from non resident DMAT account to a resident holding zerodha dmat account?

  92. Bibek Patra says:

    This feature was very much required and thanks to team zerodha.
    Kudos !!!!

  93. Madan Lal Sikri says:

    Zerodha hai..Toh Mumkin hai.!

  94. Chinmay Bharadwaj says:

    Don’t need to think hours before gifting something meaningful to you loved ones

  95. Naushad Ahmed says:

    Zerodha team Happy Diwali

  96. Krishna says:

    Charges 0.03% !!!!
    So for every 10000 we need to pay 300 !!!

    • Chandu says:

      By what formula is 0.03% on 10,000 Rs would come to 300 ???
      wouldn’t that be 3 Rs – and thus the transaction would effectively cost Rs 25.

      Can u please explain. May be I forgot some basic math here.

  97. Harish says:

    By what formula is 0.03% on 10,000 Rs would come to 300 ???
    wouldn’t that be 3 Rs – and thus the transaction would effectively cost Rs 25.

    Can u please explain. May be I forgot some basic math here.

  98. Anirban Konar says:

    This is a good one. However there is huge fraud risk involved. If account is compromised with CDSL pin then there could be huge loss for the account holder. As of now that risk is less unless someone adds or modifies the bank account cannot transfer money out. But this way fraud guy can gift all stocks to their own account from a hacked account. Then sell those and transfer the money to their bank account and run away. By the time the original account holder come to know and take action (not sure what that person can do) it will be all gone. Zerodha will not take any liability. Hope the gift option is not enabled by default.

  99. Jnaneshwara says:

    Is there any timeframe for gifting?

  100. Adarsh Jaiswal says:

    I have thought so many times to gift stock to people at occasions, and now it can me done so easily, thanks for making it happen, Zerodha and team!

  101. Anil chauhan says:

    Oll zaroda temm happy Diwali

  102. Sanket says:

    Great idea…but wanted to know if same can be done to transfer of stocks from individual’s one trading account sat Zerodha to another trading account of Upstox or Kotak securities through same process?

  103. Gurvindar singh says:

    Good response zarodha brokereg and vary sanative

  104. VIKAS VERMA says:

    Nice Doing good Job.

  105. AHIR AMIT BALDEVBHAI says:

    Good response zarodha brokereg

  106. Tapas Sarkar says:

    Bast biking hause zerodha

  107. Sarfaraznawaz Patel says:

    Should not the price of gift 1remain the original buy price rather that the previous day closing price. As the person giving gift is not going to pay any tax on capital g a in received till date as he has not sold the share.
    Eg. I buy 15 shar at10 rs and after 2 years it price turns to 100 rs and gift to my spouse and she sells them in a month at 110 ideally she has to calculate it as profit of 100 rs per share and not 10 rs. Please clarify. Also will that be short term gain or long term gain for her as she hold it only for 1 month but over all share is hold for 2 year and 1 month

  108. Girimon says:

    Innovative thinking, Nithin.

  109. Prithiviraj says:

    Only stocks that are listed under *Approved list of securities* can be gifted.
    How about the recent stocks that got listed, for eg: CHEMCON etc, are not in the list.
    Are there any time frame for these stocks to come under *Approved list of securities*, so that it can be gifted.

  110. Jitendra Patel says:

    Brilliant stuff. Other big bank brokers and independent brokers are still stuck in 1998 attitude. Not thinking out of the box. Want customer to give them money for nothing. They want infinite returns by scamming customers and zero investment. Zerodha is not doing any disruption. They are changing people’s behaviour and thought process towards capital market and especially Direct Equities by using tech which is easily available to everyone.

    One question on gifting.

    Wouldn’t be there a tax incidence in gifting stocks to friends and non blood relatives as defined by Income Tax.

  111. Sathya says:

    Can an NRI open an account with Zerodha ? Please let me know.

  112. Manisha says:

    Happy Diwali

  113. Jnaneshwara says:

    I’m trying to gift around 20 stocks from my Zerodha account to my wife’s

    But while approving it’s showing error as it exceeds 10000 msec

    Is there any upper limit of number of stocks and amount?

  114. Vishwa says:

    Is it compulsory for the recipient to have a demat account and if yes, then does it have to be Zerodha and CDSL only?

  115. P bharathi says:

    Very very good idea.

  116. Azimmiya says:

    Very good

  117. Prakash kesh says:

    Happy diwali

  118. Abi says:

    What about Tax and Trading charges?

  119. Malli says:

    Will I get a Certificate of Gift, at least a softcopy which prints the Gift of stocks, so that the same can be printed on a card and gifted as a physical copy to friends by meeting in person, on a special occasion?

  120. Umesh says:

    Can we transfer unquoted shares from this option. In my account I have shares of Bharat Hotel which is an unlisted share.

  121. PARIKSHIT says:

    A very good initiative by Zerodha. I was searching for way to gift stocks and Zerodha has provided an easy one.

  122. Arei pamei says:

    Even I have sufficient holding it is rejected while trying to sell. Saying insufficient holding. I cant understand what is the issue. kindly clarify

  123. Chatthish says:

    Dear Team,

    This is an excellent work. I have been looking for this option since ages. Now, You have made it. Made everyone’s life easier. Keep doing great work. Thank you

    Regards,
    Chatthish

  124. M M Ghosh says:

    Very cumbersome process

  125. Rajiv says:

    Nice thing ☺️

  126. Arpita says:

    Hi Team,
    Can a gift stock be sent from a Zerodha A/c to a non Zerodhar A/c? meaning a demat A/C not held with Zerodha?

    Thanks!

  127. Nithin S says:

    Hi Team,

    How’s the tax calculated for the receiver while selling it, is it regular ltcg/stcg,?

  128. Prithiv Venkatesh Selvaraj says:

    Can we not gift ELSS Mutual Funds ?

  129. Ashish says:

    Do we need to manually give the buy price for the recipient in console? Or will it be adjusted by team Zerodha ?

    I thought that the whole process is automatic.

  130. Binoy Kumar Das says:

    I gifted share to my wife on 19.11.2020 but unfortunately today (23.11.2020) the shares are not reflected in her DMAT account. Even though Zerodha said it will reflect in the DMAT of transferee’s on next day of transfer. How much time it required.

  131. Vinay Kumar says:

    How can i invest in “ARK Innovation ETF (NYSE: ARKK)”.

  132. Pranav says:

    First of all thank you for adding such a great Feature.
    I would like you to consider adding one more facility for all the investors who want to invest in individual Stocks through SIPs. Also make the process automatic. So for example once I register for SIP of 3 stocks of HDFC Bank, then every month (on a fixed date) automatic Buy order must be placed for three stocks of HDFC Bank irrespective of the price of the stock.
    Thank you.

  133. Ranganath Yugandhar says:

    Its has been almost one week gift of stocks to other family member. But not credited shares so far.

    Usually how many days it takes to complete the transaction.

  134. BISWAJIT BHOWMIK says:

    I want to gift some shares to my family members and requested for a DIS booklet and my signed form was received by Zerodha on 19th Nov. Till now I didn’t get any update on my request. As per advice of a support personnel I have even submitted a ticket on 27th Nov. but no reply from your end.
    Please appriciate that gifting something to a family members generally done on special occasions and I an unable to do so since you have not acted on my request in last two weeks.

    May I request you to check my support ticket and atleast reply with the status?

    Thanks

    • Matti says:

      Hey Biswajit, sorry about that. Owing to the pandemic, our staff working from the office is very minimal, so dispatching documents takes more time now. However, you can now use the gifting option on Console as explained above to gift stocks.

  135. Karan joshi says:

    I had paid the account opening fees..but the process didn’t get continued.. that got stopped and the portal is asking again to pay the opening amount.. please clear my issue

  136. Barun Dutta says:

    Dear sir,
    Today fund Balance Rs.7598.27 and holding share Aarthi durg sell 10quantity @Rs. 738.00 and buy 25.11.20 qunty 10 @ Rs.705.00 but why credit amount 5904.00 pl check this matter and immediately solve.Before it my fund balance Rs.7686.77 on dated 27.11.20 but this day after market clossing fund balance Rs.7598.41and fund dabited Rs.88.50.why dabit amount. No statement my mail and few call your customer care number but no response.. please my problem immediately solve.

    Thank you
    Barun Dutta.

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