A minor can invest in mutual funds through a guardian
01-Mar-2017•Research Desk
Can a child invest in mutual funds?
- Dulal Basu
A minor (person below 18 years of age), can invest in mutual funds. However, it can be done only through a guardian. An adult, being a parent or lawful guardian of the minor, can hold units of a mutual fund and transact on behalf of the minor. You need to furnish necessary documents like the proof of age and the guardians capacity to hold and deal in mutual fund holdings.
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