Sebi proposes Gift PPI for mutual fund purchases and could change how Indians gift investing

Gift cards could become mutual fund buyers under new rules

Sebi has proposed a Gift PPI framework that lets people gift prepaid instruments usable only to buy mutual fund units. The regulator says this can broaden access, pull in first-time investors, and shift gifting away from consumption toward investment. However, the plan comes with tight limits and compliance requirements to keep the system controlled.