SEBI surveys if you'd gift mutual fund units this Diwali
Source: the-ken.com
- SEBI is asking if people would gift mutual fund units like cash or gold during festivals.
- The regulator launched a survey to check public views on making mutual funds common gifts.
- Strong support could lead to easier rules for gifting these investments.
SEBI, India's markets watchdog, wants to know if Indians would gift mutual fund units - pooled investment schemes - instead of traditional gifts like money or jewellery. They're running a public survey to gauge interest in simplifying rules for such gifting during festivals. This could make investing more popular among everyday people by turning gifts into a way to start wealth-building.