How do I gift a mutual fund?

Some companies, like Vanguard, will allow you to transfer mutual fund shares as a gift. The recipient of the mutual fund gift will need to have an account with the company that the fund is offered through. It is likely that you will have to set up an account with the company that offers the mutual fund first.

What are the documents required for mutual fund?


  • Driving licence.
  • Passport.
  • Voter’s ID card.
  • Ration card.
  • Registered lease/sale agreement of residence.
  • Flat maintenance bill.
  • Insurance copy.
  • What proof is required for mutual fund investment?

    Identity proof PAN card along with latest (preferable) photograph. This document in compulsory in most scenarios. Any one among Passport, Aadhar card, Driving license, Voter ID.

    How much return mutual funds can give?

    Estimated Returns from Various Mutual Funds in India

    Scheme Name 1 Year 5 Years
    Franklin India Bluechip Fund (G) 9.42% 18.98%
    ICICI Pru Focused Bluechip Equity Fund (G) 13.18% 16.78%
    Invesco India Dynamic Equity Fund (G) 13.46% 15.49%
    Invesco India Growth Opp Fund (G) 21.45% 19.46%

    Can I transfer mutual funds to my son?

    The only scenario in which mutual fund units can be transferred to another is in case of the demise of the unit holder. This is usually in favour of a joint holder or a legal nominee to whom the transmission of a mutual fund unit takes place.

    Can I open a savings account as a gift?

    CDs or savings account transfer Giving the gift of a certificate of deposit or savings account and using it as a teaching tool can be helpful for younger children and teens. With these accounts, it’s easy to teach someone to save money every so often. And it’s a gift that you can build upon year after year.

    Is KYC required for mutual funds?

    KYC establishes an investor’s identity & address through relevant supporting documents such as prescribed photo id (e.g., PAN card) and address proof. In order to invest in any mutual fund, an investor needs to be KYC compliant.

    Is PAN card required for mutual fund?

    Consequently, KYC status will also get invalid. To invest in Mutual Funds, you must have a valid PAN. If your PAN becomes invalid because of non-linkage with Aadhaar, you will not be able to invest in mutual funds.

    What is 3 year return in mutual fund mean?

    So when you see a 5% under the 3-month column, it means the fund has given 5% in 3 months’ time. 12% annualized return in 3 years means 12% return earned every year for the past three years and not 12% total return in 3 years.

    What happens to mutual funds after death?

    In the case of the demise of all joint holders, the investments can be transferred to the nominee. In the case of death of all joint holders and if no nominee is registered, the investments will be transferred to the legal heirs.