Can mutual fund units held in non-demat form be gifted or transferred?
Gifting mutual fund units
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.
Moneycontrol’s Ask Wallet Wise initiative offers expert advice on matters of personal finance and money.
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Read MoreUS Fed meeting: What does the Indian stock market expect? Explained
US Fed meeting: The US Federal Reserve’s Federal Open Market Committee (FOMC) is all set to conclude its two-day policy meeting on Wednesday and announce the key benchmark interest rates for the American economy.
As global investors and policymakers await the outcome of the meeting led by Chairman Jerome Powell,
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Read MoreFederal Reserve likely to cut key interest rate: What to know
The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in December as the central bank seeks to invigorate the job market.
Here’s what to know about the Fed’s meeting on Wednesday:
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Read MoreMissing government data not likely to sway Federal Reserve from rate-cut path
WASHINGTON (AP) — The Federal Reserve is expected to cut its short-term rate Wednesday for the second time this year despite an increasingly cloudy view of the economy it is trying to influence.
The government shutdown has cut off the flow of data that the Fed relies on to track employment,
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Read MoreLong-Term Reserves and Rising Dividends Strengthen Cenovus Energy’s (CVE) Appeal
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!
AI is eating the world—and the machines behind it are ravenous.
Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy.
Read MoreThe Burst
Is Lemonade Stock a Sweet Deal Down 87%
When insurance technology firm Lemonade first debuted on the markets at an official price of $29 before soaring to $66 per share, it was caught up in a frenzy of bullish speculation that subsequently led the stock to rally to $183 per share.
But the excitement wasn’t to last and now the share price sits about 85% lower.
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Read MoreThe Ivy
Is 2025 The Year Uber Bounces Back?
Shares of Uber Technologies (NYSE:UBER) have had a rough few months, dropping 15.7% over the last 90 days even as the overall market finished 2024 on a high note. With shares still sold off, investors may find themselves wondering where Uber goes from here. Let’s take a look at what’s driving UBER down,
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Read MoreThe Spotlight
Market Commentary: Why Did Nvidia Go Up So Much?
A powerful investing lesson lies hidden in the movement of Nvidia this year. As the calendar turned to 2023, the stock was trading at $143 per share. Within fewer than two quarters, it had catapulted well above $300 per share. What could justify a 169% year-to-date return?