Want to save tax? Here's how gifting mutual funds can help you with it
Last Update Date: 06-10-2026
Published by India Today
Abhishek Kumar's role: Quoted
Abhishek Kumar explained the rules to India Today, including that the holding period follows the original purchase date and that clubbing applies to gifts to a spouse or minor child. He cautioned that gifts can backfire and stressed proper documentation such as a gift deed.
More of Abhishek's views on mutual funds
The article explains how gifting mutual fund units to relatives works under Indian tax law. It covers why a gift is not a taxable transfer for the giver, how the receiver's cost and holding period are carried over, when gains can be tax-free, who counts as a relative, clubbing rules for spouses and minors, and the steps to transfer units.
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Want to save tax? Here's how gifting mutual funds can help you with it