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The Economic Times

Personal Finance / The Economic Times

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Sebis new proposal enables mutual fund gifting through PPIs

Mutual fund investments can soon be gifted using prepaid payment instruments (PPIs), with Sebi proposing a new framework. Individuals can purchase gift PPIs, capped at 10,000 and valid for one year, to transfer funds for mutual fund subscriptions. This initiative aims to attract new investors and enhance financial product accessibility.

25 Mar 2026 5:29 am