Mutual Fund investment for minor - Basunivesh

Q & A Forum › Category: Mutual Fund › Mutual Fund investment for minor

Rahul asked 2 years ago

Hi Basu ji,
Can we open SIP for minor?
How to redeem if open for minor?
Do we need to wait till minor attain majority age?
Could you please spread some light for SIP for minor?

Question Tags: Mutual Fund investment for minor

1 Answers

0 Vote Up Vote Down

basunivesh Staff answered 2 years ago

Yes, you can invest in the name of the minor. You no need to wait up to minor turn to major. Refer this details of HDFC AMC.