How to open a mutual fund folio for a minor

Tue, 19 May 2026 00:00:00 +0000

A minor MF folio lets parents / guardians invest in their child’s name for future use (education, marriage). Until the minor turns 18, the guardian operates the folio. On majority, the folio transitions to the now-adult investor’s direct operation. Tax treatment includes clubbing of minor’s income with the higher-earning parent under Section 64.

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Minor MF on WebNotes

How to open a mutual fund folio for a minor