BusinessPhoto: News18Hi BusinessGift Mutual Fund SIP to Sister on Bhai Dooj 2026 Instead of Cash
On Bhai Dooj 2026, brothers can gift their sisters a mutual fund SIP instead of cash or chocolates. Brothers may transfer monthly amounts of ₹2,000, ₹3,000, or ₹5,000 to their sister's bank account, which she can use to start an SIP in her name. The gifted money is exempt from gift tax, but profits from the investment are taxable. Different rules apply if the sister is a minor.
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