How to invest in mutual fund for minor kid? Edelweiss MF CEO Radhika Gupta shares five tips for parents
Radhika Gupta, the CEO of Edelweiss Mutual Fund, recently shared tips for parents to start investing for their minor kids. Radhika shared five key tips for parents to guide them about investing for their kids, sparking conversations among readers, prompting inquiries and discussions. Addressing doubts and misconceptions, Gupta also debunked myths surrounding minor investments.
In a recent post, Gupta clarified common concerns, stating, «You can get a PAN for a minor as soon as they are born. You need a birth certificate and Aadhar first. You can open a bank account for a minor.» She further emphasized, «You can invest for a minor in their name in an AMC in regular funds (not just children’s funds).»
Gupta's informative post has already garnered significant attention, accumulating over 1.6 lakh views and nearly 500 likes in the past few days. Users shared their experiences and queries regarding investing for minors.
Among the responses, an individual inquired, «Can I also invest in mutual funds for my 11-month-old, having completed formalities such as Aadhaar, PAN, passport, and a minor demat account?» Another user shared their proactive approach, stating, «I have already invested in mutual funds for both my minor kids using my PAN as guardian, utilizing platforms like MF Utility for several years.»
Despite the positive engagement, concerns were voiced regarding the accessibility of online investment processes for
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