India considers gift cards for mutual fund investments
India's markets regulator proposed allowing gift cards for mutual fund investments to boost inclusion. The instruments would have a one-year validity period.
Xurve View
Xurve View
The Securities and Exchange Board of India (SEBI) has proposed allowing gift cards or gift prepaid payment instruments (PPIs) for mutual fund investments to improve financial inclusion. This move is intended to onboard new investors across India by simplifying the entry process into the market.
