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Gift Magical Mutual Funds Like Vouchers: Sebi's Spellbinding Plan

Gift Magical Mutual Funds Like Vouchers: Sebi's Spellbinding Plan

In a dazzling twist, the Securities and Exchange Board of India (Sebi) has unveiled a spellbinding proposal to let you gift magical investment cards! Imagine enchanting prepaid charms that transform into mutual fund treasures, making the financial realm accessible to all wizards and witches. With a limit of ₹50,000 per year, this could be the first step to casting your financial spells!

Quick rundown

  1. SEBI proposes gift cards for mutual fund investments.
  2. Gift cards aim to simplify investing for newcomers.
  3. Gift PPIs could revolutionize how we gift investments.
  4. Maximum investment limit set at ₹50,000 per year.
  5. SEBI seeks public feedback to boost financial inclusion.

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