New Delhi, Aug. 28 -- As we celebrate the bond between brothers and sisters on Raksha Bandhan, a financial gift can make the occasion more meaningful.

Instead of a traditional present, you can gift mutual fund units to your sibling and help build a long-term financial cushion.

From the transfer process and eligibility to taxation and SIPs, here's what investors need to know.

Manoj Sharma, Co-founder, Head - Alliance & Distributions, InvestValue, explained that mutual fund units can be gifted through Demat and Statement of Account (SoA) modes. Since 19 May 2025, eligible SoA units can also be transferred to siblings, eliminating the need to dematerialise them first.

Shams Tabrej, Co-founder & CEO, Ezeepay, said the recipient generally ...