What is the procedure for the gifting of shares/ETFs/mutual funds in FYERS?
Gifting securities is an excellent way to share your investments with friends or family. Here’s how you can gift shares, ETFs, or Mutual Funds on FYERS:
If the Giftee has a FYERS Account:
Initiate the Gift: Go to ‘My Account’, and navigate to 'Gifts'.
Identify the Giftee: Input the recipient's PAN or registered mobile number and click ‘Continue’.
Verify Giftee Details: Check the giftee’s details (displayed partially for security) and confirm by clicking ‘Continue’.
Select Securities to Gift: Your holdings will be listed. Choose the specific securities and quantities you want to gift and proceed.
Personalize Your Gift: Review your gift details, add a personal message, and click ‘Continue’.
Authorize the Transaction: Post-market hours, you'll receive a CDSL authorization link via SMS and email. Click on the link and authorize the transaction using the OTP sent to you.
Note: To proceed with the gifting process, it is mandatory to add the recipient as a beneficiary on CDSL. For step-by-step instructions, on setting up beneficiaries to transfer securities, refer to this article. Transaction Initiation: Once authorized, your gift transaction will be initiated.
Check Status: To track the gift, click on ‘Status’ tab. You'll see updates until the giftee successfully receives it.
If the Giftee doesn’t have a FYERS Account:
Attempt to Gift: Follow the initial steps as above, entering the giftee's PAN or mobile number.
No FYERS Account Notification: If the giftee isn’t a FYERS client, you’ll be notified.
Refer the Giftee: Fill in the giftee's details to refer them to open an account with FYERS.
Account Opening and Mapping: Once the giftee opens an account, it will be linked to you. You can then initiate the gifting process as outlined above. To know more about the refer and earn, click here.
This process ensures a smooth and secure way to gift securities to your loved ones, making your gift a truly valuable one.
Related Articles
Can I transfer my shares or mutual funds from an NSDL Demat account to FYERS?
Yes, you can transfer your shares or mutual fund holdings from an NSDL Demat account to your FYERS Demat account. The transfer is initiated by your current broker and requires documentation from both FYERS and your existing depository participant ...
How can I dematerialise my mutual funds with FYERS?
Dematerialisation, commonly known as 'Demat', refers to converting physical investment certificates (like mutual fund units or share certificates) into electronic form. With FYERS, this process is streamlined for secure storage and easy access ...
How can I invest in Mutual Funds with FYERS?
You can invest in Direct Mutual Funds in our exclusive mutual fund platform of Fyers Direct at Zero Commissions. The investments can be in Lumpsum or Systematic Investment Plan (SIP). The procedure to Buy Mutual Funds is as follows: Login to Fyers ...
What are the timings for gifting shares on FYERS?
You can initiate a gifting transaction anytime from 12:00 AM to 05:30 PM on a trading day. Here's what you need to know: If you start the gifting process within the aforementioned timeframe, the CDSL authorization will be sent between 6:00 PM to 7:30 ...
What are Direct Mutual Funds on FYERS?
When investing in mutual funds through FYERS, you'll notice the term Direct Mutual Funds. These funds offer the same portfolio as regular plans but without distributor commissions, often resulting in better returns over the long term. What are Direct ...