SEBI Gift Card Conversion: Prepaid to Mutual Fund Shares

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2026-05-13 02:48:50 -

The Securities and Exchange Board of India (SEBI) has proposed a framework that would allow balances on gift cards and other prepaid instruments to be converted into mutual fund shares, positioning prepaid products as a gateway to long-term investment. The initiative targets new investor acquisition and financial inclusion, particularly among unbanked and underbanked populations. Under the...

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