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Highlights

  • As per a recent circular by SEBI, parents can make investments in mutual funds for their child from their own bank account

  • This new rule is effective from July 15

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Invest Smart: How to invest for you child; here's all you need to know

In this episode of Invest Smart, Founder of Money Mantra, Viral Bhatt explains all you need to know about investing for your child, why its necessary and how to decide the investment strategy. 

Updated: Sep 02, 2022 10:53
|

Avni Raja

Invest Smart: How to invest for you child; here's all you need to know

Investing for your children and creating a separate investment corpus in their name can go a long way in helping secure their future and saving up for specific financial goals such as their education.

It goes without saying, that the sooner you start investing for your child, the better it is. The power of compounding over a long period can do wonders.

There are several options such as mutual funds, specific child plans, fixed deposits, small savings schemes, that you can choose from. With so many options sometimes it can get confusing as to how to go about the investing process.



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