Investing In Mutual Funds For A Minor

Investing In Mutual Funds For A Minor

~ From www.imutualfund.in ~
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A minor citizen is one who is below the legal and adult age of 18 years. In the awakening of demonetization, minors had to empty their saved money into the bank account of their parents. Now, why not take an advantage here and try to increment the savings of your minor child? One of the best ways is to invest in mutual funds. Financial graphs have proven that investment in Mutual Funds over an extended period ensures the best return. So secure the future of your minor child from today. Discussed below are the procedures to open a Mutual Fund account for minors.Many individuals are under a false notion that mutual funds investment for a minor child is not possible. To clear all doubts, it is necessary to state that it is feasible to open a Mutual Fund Account in the name of a minor child. But, it is subject to few rules and regulations as elaborated further.The following important documents are required to open a Mutual Funds Account for a minor.

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