SEBI has issued this consultation paper to solicit comments on a proposal to introduce Gift Card/ Gift PPI for subscription of mutual fund units. The proposal involves allowing purchaser of Gift Card/ Gift PPI to gift such instrument which can be utilized for subscription of mutual fund units by the recipient of Gift Card/ Gift PPI. Gift Card/ Gift PPI is expected to improve financial inclusion through onboarding of new investors in the mutual fund space. The comments or suggestions should be submitted latest by April 14, 2026.
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