Anushka Rathod Instagram – Did you know you can gift mutual funds to your family and friends?
Check out the whole post to know.
For Groww users, here’s how gifting mutual funds works.
Till June 2025, Groww primarily offered mutual funds in the Statement of Account (SOA) format. This means units were held directly with the mutual fund company, which many investors preferred.
From June 2025, like other brokerage platforms such as Zerodha, Groww made the Demat format the default option. You can still opt out and continue holding mutual funds in the SOA format if you prefer.
For gifting, the SOA route is usually easier and typically takes around 2–3 working days.
Things to keep in mind:
1. While gifting through the Demat route, select Gift Code 92 so it is correctly reported as a gift in AIS.
2. Stamp duty of 0.015% applies and is borne by the transferor. It is paid from the registered bank account during the transfer (rounded up to ₹1 if below ₹1).
3. In gifting, the transferee inherits the transferor’s cost price and holding period.
4. The transferee must have a folio with the same AMC and both parties should be KYC validated. If not, a zero balance folio can be opened easily.
[Anushka Rathod, Finance, India, Gift, Investment]
#anushkatrathod #finance #india #gift #investment | Posted on 09/Mar/2026 19:30:05
