Can you invest in a mutual fund in minor child's name?
Monday, November 6, 2017, 4:33 PM
You are allowed to invest in any mutual fund scheme in your child's name, provided he/she is under 18 years of age. Your child will be the first and sole holder in the mutual fund folio. There will be no joint holder for the folio. You (parent), can be the guardian of the folio or even a court appointed guardian should be fine.