Can i transfer mutual fund units to my mother's name as we transfer shares by "off-market"

You can gift mutual fund units in Statement of Accounts (SOA) mode to your mother, as gifts from relatives are exempt from taxation under Section 56(2)(x) of the Income Tax Act, 1961.

However, unlike shares in demat form, you cannot transfer SOA units through an "Off-Market" transfer.

Instead, you must first dematerialize (convert) the SOA units into demat form, which requires an active demat account for both the transferor and transferee, and then complete the transfer process via the depository participant. 

Gifts received from specified relatives, including parents, are entirely exempt from tax under Section 56(2)(x) of the Income Tax Act, regardless of the value. 

Your mother, as your mother, falls within the definition of a "relative" for this purpose.

Under Indian tax law, if you gift mutual fund units to your mother, the long-term capital gains (LTCG) she earns upon redeeming those units will be taxed in her hands, not yours.

This is because gifting assets to parents is an exception to the "clubbing of income" provisions. 

For calculating the gain, the "cost of acquisition" and "holding period" from your original purchase date will be carried forward to her.

Her purchase price will be considered the price at which you originally purchased the units.

I sincerely thank you for that comprehensive information, sir...

Thank you sir

That was great... my appreciations 

You are welcome for the appreciations.