Yes, you can invest in mutual funds under your minor child’s name in India. Investing in your child’s name gives them a head start on wealth accumulation and the benefit of compounding and the investment starts much sooner.

To get started, you will be required to set up a Mutual Fund account in your child’s name. This account must be operated by the parent/guardian. 

You will need your PAN card, Aadhaar, and KYC verified. For your child - you will be required to show the birth certificate/passport or verify age and relationship with the guardian. The investments can be made as lump sums or through a Systematic Investment Plan (SIP).

Additional guidelines:

• Only the guardian can operate the minor’s account until the child turns 18.
• Upon turning 18, the minor must complete KYC requirements, and the account will be transferred to their name.
• Earnings are clubbed with the guardian’s income unless the minor earns separately through other investments.
• Certain investment options like SIP pause and overdraft against investments may not be available in minor accounts.

The information contained herein does not constitute; and should not be construed as investment advice or a recommendation to buy; sell; or otherwise transact in any security or investment product or an invitation; offer or solicitation to engage in any investment activity. It is strongly recommended that you seek professional investment advice before taking any investment decision. Any investment decision that you take should be based on an assessment of your risks in consultation with your investment advisor.

To the extent that any information is regarding the past performance of securities or investment products; please note that such information is not a reliable indicator of future performance and should not be relied upon as a basis for investment decision. Past performance does not guarantee future performance and the value of investments and income from them can fall as well as rise. No investment strategy is without risk and markets influence investment performance. Investment markets and conditions can change rapidly; and investors may not get back the amount originally invested and may lose all of their investment

Prashanth Jogimutt (ARN 165858) AMFI Registered Mutual Fund Distributor

Mutual Fund Investment are subject to market risks; read all scheme related documents carefully before investing.

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