A new rule has been issued by the market regulator SEBI regarding Mutual Fund Scheme . After which parents or guardians will now easily be able to invest in mutual fund schemes from their bank accounts in the name of their children. There will be no need to open joint account or minor children account for this. A circular has been issued by the market regulator SEBI regarding this.
This change of SEBI will bring great relief to those people who invest in mutual fund schemes for the future of their children.The circular issued by the Securities and Exchange Board of India ( SEBI/HO/IMD/DF3/CIR/P/2019/166) to be followed by the Asset Management Companies The rule of investment in the name of minors has been amended.