There are some things to keep in mind while investing on behalf of your children when you both are NRIs
My kids are holding OCI cards. I have opened NRE and NRO accounts for my kids (6-year and 10-year old sons), and also got a PAN card for them. Is it possible to do mutual fund SIP (direct) on their name with their PAN and NRE/ NRO accounts? Please advise as I need to do SIPs on their names for the future education needs. - Anonymous
This article was originally published on February 01, 2023.
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