Money Guru: What Are The Benefits Of Investing In Mutual Funds In Minor's Name? Experts' Decode
Zee Business Video Team | Updated: May 17, 2023 01:03 AM IST
Investing in mutual funds in the name of children has now become even easier. The Securities and Exchange Board of India modified its previous circular, which prescribed a uniform process for investments made in the name of a minor through a guardian. Now parents or legal guardians can invest in mutual fund schemes in the name of their minor children from June 15, 2023. Today on Money Guru, know what are the benefits of investing in the name of children? Which scheme is good for long-term investment?
