Can minors invest in Mutual Funds?
Can minors can invest in a mutual fund? My son's maternal grandfather wants to give him a sizeable sum of money. He is a minor. I would like to invest it in an equity-based mutual fund for over 10 years. And I want to be the guardian for future transactions on behalf of my son.- Sudhindra
Yes, minors can invest in a mutual fund, but only through a guardian. An adult, being a parent or a lawful guardian of the minor, can hold units of a mutual fund and deal with them on behalf of the minor. You need to furnish the asset management company (AMC) with a proof of age of your son and your capacity to hold and deal with the units.
Also visit http://equityadvise.blogspot.com for an indepth Equity Analysis
The MOST Loved book on How NOT TO RETIRE RICH!
4.8 out of 5 stars
Order your copy NOW !
Impressive work - you have a brilliant blog here. If your looking for source that provides you information, Invest Mutual Funds, Online Trading India, Online Stock Trading. Than Kindly visit the following link http://www.smcindiaonline.com/investment-banking.aspx
ReplyDeleteI can see that you are putting a lot of time and effort into your post.I love every single piece of information you post here.and great tips to make money fast,Will be back often to read more updates!
ReplyDeleteStock Market