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How to invest in mutual funds in the name of an NRI minor?

There are some things to keep in mind while investing on behalf of your children when you both are NRIs

How to invest in mutual funds in the name of an NRI minor?

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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