Taking care of our dependents is usually one of the big goals in our financial plan. But using a mutual fund for this can get a bit tedious, as according to the rules laid down by the capital market regulator, Securities and Exchange Board of India (Sebi), you cannot gift a mutual fund unit to anyone.
Keeping this in mind, UTI Asset Management Co. Ltd has launched a new facility called UTI Family (Father and Mother I Love You).
