LTCG Grandfathered Applicability to receiver of gifted mutual fund units

[Sthavar]

Dear Experts,

My son Gifted equity mutual Funds to me on 15 October, 2025, which he bought on 1st January 2010.

When I redeem the mutual fund units, will I get the advantage of grandfathered cost while calculating my LTCG?

Thanks in advance

Sincerely,

 

AI Summary

Gifted mutual fund units inherit donor's acquisition date and may use the grandfathered FMV for LTCG calculation.
The recipient of gifted equity mutual fund units inherits the transferor's cost of acquisition and holding period, enabling long term status based on the original purchase date. Grandfathering applies by permitting the use of the fair market value at the statutory valuation date as the cost of acquisition where that FMV exceeds the original price, thereby reducing taxable long term capital gains under the preferential LTCG regime for equity funds.