The Private Client team at Cyril Amarchand Mangaldas shares their comments and opinions in an article in the following Q&A which was published by the Mint Newspaper on 20th February, 2022 and the online edition of the same can be found here.
My dad had invested in mutual funds in which my mother was a nominee. I have lost my parents and wish to transmit them in my name. My query is – whether these mutual funds can be transferred to a Hindu Undivided Family (HUF) that I have created to reduce tax liability?
—Name withheld on request