Many investors hold mutual fund units in Statement of Account (SoA) format instead of demat and are unsure how to transfer or gift them. Today's Ask Wallet Wise query decodes whether one can gift SoA mutual fund units to family members.

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My mother has some investments in mutual funds which are held in statement of account (SoA) format and not in demat. She wants to gift her investments equally to all her children while keeping some for herself. Please let me know what is the process and the most tax-efficient method. Will the transfers be taxable, and if so, wil

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