Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

Sanjeev Govila | Answer |Ask -Follow

Financial Planner - Answered on Nov 27, 2023

Colonel Sanjeev Govila (retd) is the founder of Hum Fauji Initiatives, a financial planning company dedicated to the armed forces personnel and their families.
He has over 12 years of experience in financial planning and is a SEBI certified registered investment advisor; he is also accredited with AMFI and IRDA.... more

Question by MGSivaSubraManian on Nov 20, 2023Hindi

Money

Please advise how to gift my mutual funds to my son??? Whether a gift deed executed by me is enough or any other formalities to comply with ?? Muthan

Ans: Mutual fund units cannot be gifted or transferred as per the Securities and Exchange Board of India’s (SEBI) regulations, 1996.
This means you cannot gift the mutual fund units to your son. If you have written a gift deed for the gifting mutual funds, it is null and void in the eyes of law as the transfer is not allowed.

The only situation in which a transfer is allowed from one person to another is upon the death of the primary holder of the mutual fund. In such a situation, required person must be registered as a Second holder or nominee in the investment. You can also write a will with the necessary details for gifting the mutual funds to your son after your death.

If you wish to gift some mutual funds to your son at present, you have to first redeem your mutual fund investment and then provide the amount to your son for the investment.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

MoneyReply

You may like to see similar questions and answers below

Anil Rego | Answer |Ask -Follow

Financial Planner - Answered on Aug 25, 2021

Question by Siva - Aug 25, 2021Hindi

Money

I have invested in 10 equity funds more than five years ago in my name, costing above Rs 10 lakhs in total from my taxed salary earnings. I want to gift these MFs to my two adult sons. Please advise about tax liability for me and my sons, both of whom are in 30 per cent tax bracket. I am in the 20 per cent tax range.

Ans: There is some grey area on transfer of mutual funds as the SEBI regulations allow it, but there are restrictions on making third party payments. So, mutual funds only execute transfers through transmission, on demise of the person in whose name the units are held.

You maybe thus be forced to sell the units and transfer the money in your sons's names, from which they can invest.

There is no gift tax to relatives.

Equity mutual funds are not taxed as per tax slabs, but under capital gains, based on whether it is long term or short term capital gains.

Hardik Parikh | Answer |Ask -Follow

Tax, Mutual Fund Expert - Answered on Jul 23, 2023

Asked by Anonymous - Jul 21, 2023Hindi

Money

Hello , My mother has some investments in shares & mutual funds. She wants to now distribute this ( gift) equally to all her children & keep one portion for her. Pls let me know what is the process to be followed & what will be the most tax efficient method . Does she needs to make a gift deed for each of her children ?

Ans: Hello,

Your mother's intention to distribute her investments among her children is a thoughtful gesture. Here's a simple explanation of the process and its tax implications in India.

1. Gifting Process: Your mother can gift her shares and mutual funds to her children. This can be done through a gift deed or even a simple letter stating her intention to gift the shares. The letter should mention the details of the shares/mutual funds, the name of the recipient, and the relationship between the donor (your mother) and the donee (her children).

2. Tax Implications for the Donor (Your Mother): In India, any gift given by a parent to their child does not attract any tax, irrespective of the value. So, your mother will not have to pay any tax when she gifts these shares and mutual funds to her children.

3. Tax Implications for the Donee (Her Children): The children will not have to pay any tax upon receiving the gift. However, if they decide to sell these shares or mutual funds in the future, they will be liable to pay tax under the head 'Income from Capital Gains'. The tax rate will depend on whether it's a short-term or long-term capital gain.

4. Gift Deed: Although it's not mandatory, it's advisable to execute a gift deed for each child. This will serve as a legal document and can be useful in case of any disputes in the future.

I hope this helps!

Latest Questions

Nayagam P P |11034 Answers |Ask -Follow

Career Counsellor - Answered on Apr 22, 2026

Asked by Anonymous - Apr 21, 2026Hindi

Career

My grand son 88.9437 percentile and air in ews gen .26453 and all india rank 171310 please tell govt IIT.

Ans: The percentile you mentioned is for JEE Main, which is used primarily for admission to NITs, IIITs, and GFTIs, not IITs. Admission to IITs is based on JEE Advanced ranks, which are separate. You have not mentioned your grandson's home state also. At your grandson's rank, top NITs/IIITs and popular branches like CSE/ECE are generally unlikely; chances are better in some lower-demand branches in newer/lower-cutoff NITs or IIITs, and especially in several GFTIs. Category-wise cutoff trends published from JoSAA data also show many mid/lower-tier institutes extending much further than top campuses. Apart from your grandson's home state, have other States' NITs/IIITs/GFTIs also as backup options if son is interested in any particular branches. To get detailed information about opening and closing ranks for the last 2-3 years, please visit the official JoSAA website. There, you can input details such as Round Number, Institute Type, Institute Name, Academic Program, and Category to view the corresponding cutoff ranks.

By reviewing this data, you can identify near-realistic institution and branch options that match your rank. This will help you strategically fill the maximum number of choices during the JoSAA counselling window to improve your son's chances of admission. It is advisable to fill choices for both JoSAA and CSAB Special Rounds and keep state-level and private institute options ready as backups. ALL the BEST for Your Son's Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

Radheshyam Zanwar |6949 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Apr 22, 2026

Question by usha - Apr 22, 2026Hindi

Career

Hello Sir. My son has got 2026 JEE mains ranking 21082... what are the prospect branches that will get in NIT and IIIT which is viable with good placements. Thank you

Ans: He has good/strong chances of admission to ECE, EE, or possibly CS/IT at mid-tier NITs and good IIITs (like IIIT Gwalior), which have strong placement prospects.

Good luck.
Follow me if you receive this reply.
Radheshyam

Radheshyam Zanwar |6949 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Apr 22, 2026

Asked by Anonymous - Apr 22, 2026Hindi

Career

For 87 percentile in JEE which nit and which branch is better for OBC students

Ans: Try with lower branches (Civil/Mechanical) in newer NITs like NIT Mizoram, NIT Nagaland, or NIT Arunachal Pradesh.

Good luck.
Follow me if you receive this reply.
Radheshyam

Radheshyam Zanwar |6949 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Apr 22, 2026

Question by Divyesh - Apr 22, 2026Hindi

Career

Hello sir, my son got 71017 rank in jee mains, with karnataka domicile, can u tell me whether he can get admission in any good Nits, he will be writing advance too.

Ans: Chances with top NITs are slim, but you can try with lower or newer NITs with less demanding branches. At present, try to focus on the advanced exam.

Good luck.
Follow me if you receive this reply.
Radheshyam

Nayagam P P |11034 Answers |Ask -Follow

Career Counsellor - Answered on Apr 22, 2026

Question by Poonam - Apr 21, 2026Hindi

Career

My son got 53700 AIR and 16000 in obc category rank in jee mains 2026 we are from Gurgaon what is the best option for.my son

Ans: Poonam Madam, With a CRL of 53,700 and an OBC-NCL rank of 16,000, the most realistic JoSAA option appears to be NIT Kurukshetra under Haryana Home State quota, primarily for lower-demand or newer branches. In 2025, NIT Kurukshetra’s OBC-HS cutoffs closed around: 15,224 for Production & Industrial Engineering, 15,885 for dual-degree Civil Engineering & 17,735 for Sustainable Energy Technologies. Among these, Sustainable Energy Technologies seems the most achievable option, while Civil and Production & Industrial Engineering are borderline. Admission to core or top branches at NIT Kurukshetra and regular-round IIIT Sonipat is unlikely at this rank. However, IIIT Sonipat could become possible during CSAB Special Rounds, where 2025 CRL cutoffs ranged between 61,875 and 67,471. Have other States' NITs/IIITs/GFTIs also as backup options if son is interested in any particular branches. To get detailed information about opening and closing ranks for the last 2-3 years, please visit the official JoSAA website. There, you can input details such as Round Number, Institute Type, Institute Name, Academic Program, and Category to view the corresponding cutoff ranks.

By reviewing this data, you can identify near-realistic institution and branch options that match your rank. This will help you strategically fill the maximum number of choices during the JoSAA counselling window to improve your son's chances of admission. It is advisable to fill choices for both JoSAA and CSAB Special Rounds and keep state-level and private institute options ready as backups. ALL the BEST for Your Son's Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

Patrick Dsouza |1468 Answers |Ask -Follow

CAT, XAT, CMAT, CET Expert - Answered on Apr 22, 2026

Asked by Anonymous - Apr 21, 2026Hindi

Career

Dear experts please advise my son has optios to get admission for BSDS course from ISI Delhi campus , BS data science and AI course from IIM Sambalpur and B.tech From Polaris institute of technology banglore which better for his future and higher package. His Maths is good .

Ans: If he is interested in Stats then ISI looks like a good option. Else BS from IIM Sambalpur for Data and AI. For tech - Computers then maybe Polaris

Radheshyam Zanwar |6949 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Apr 22, 2026

Question by Andro - Apr 21, 2026Hindi

Career

Sir,My son 98.08 percentile in Jee, 30445 general rank what will be the best availabilty/option for engineering institute for CS, EC & Electrical

Ans: There are chances at good NITs like NIT Warangal or NIT Calicut, and CSE/ECE at top IIITs like IIIT Gwalior or IIIT Lucknow. Yet keep a close eye on the counselling process and go through the previous year's cutoff of these institutes for better understanding.

Good luck.
Follow me if you receive this reply.
Radheshyam

Radheshyam Zanwar |6949 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Apr 22, 2026

Question by Chandan - Apr 21, 2026Hindi

Career

I got 90.94 percentile in jee with OBC category with AIR 141046 and catagory rank around 47000 and I am from odisha What advice for me.???

Ans: Suggesting you to focus on core branches at newer/mid NITs like NIT Rourkela (home state advantage) or NIT Agartala, consider IIITs for ECE/CSE, and keep strong state/private college backups while avoiding very low-tier institutes.

Good luck.
Follow me if you receive this reply.
Radheshyam

Radheshyam Zanwar |6949 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Apr 22, 2026

Asked by Anonymous - Apr 21, 2026Hindi

Career

My ward has got 71812 rank in jee mains 2026.which NIT we can expect for mechanical or chemical engineering.kindly suggest.

Ans: Target lower NITs like NIT Raipur, NIT Agartala, NIT Srinagar, or NIT Silchar (better chances with home state/quota).

Good luck.
Follow me if you receive this reply.
Radheshyam

Radheshyam Zanwar |6949 Answers |Ask -Follow

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Apr 22, 2026

Asked by Anonymous - Apr 22, 2026Hindi

Career

My son got 132219 rank with 91.49 percentile general category from noida where can I get admission

Ans: Target to lower IIITs or NITs with lower branches like civil/mechanical, else he has strong chances to get admission to decent private options like Jaypee Institute of Information Technology or Amity University.

Good luck.
Follow me if you receive this reply.
Radheshyam

Asked on - Apr 22, 2026 | Answered on Apr 22, 2026

I am looking at thapar patiala / manipal/ comedk colleges can you siy Regards

Ans: You can try these colleges. However, Thapar and Manipal are very costly. If you have given COMDEK, wait for its result, and then check all the possibilities. Till then, try to work on the previous years' cutoff of your dream institution.

See more questions »

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus

Sign up

email

uname

mobile no

Country Code

Mobile number

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

LOGIN

x