The Economic Times News

Uncle's birthday gift of Rs 5,000 worth of equity mutual funds units to his 8-year-old nephew goes viral. Experts advise how to do it

A fund manager gifted mutual fund units to his nephew for his birthday. This thoughtful gesture aims to teach financial awareness early. The process is simple, requiring no demat account. Many netizens are embracing this idea for future celebrations. It promotes long-term wealth creation over fleeting toys. This trend highlights a shift towards gifts that appreciate in value.