Mutual Funds India?

Hi there,

i am a new b for this MF thing....wondering if i would be able to gift a MF to someone in India. I want to keep it as a suprise...not sure if its possible....if it is then how can i do it?

any responses...much appreciated?

Cheers
RD

If you are an NRI, send money to your close relatives (blood relatives) through a cheque of other country say USA or a NRE A/c cheque and ask them to Invest in Mutual Funds. If you want to send to any one India other than your close relatives, then issue only NRE A/c cheque and let them invest in Mutual funds. In both the cases it will be tax free gift in India.

It will be difficult for you to invest in mutual funds from abroad. The stock market in India has reached to a peak point and it is slightly risky to invest in stock market or in mutual funds.

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