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Mutual fund SIP for child

I am looking to start sip in mutual fund for my kid. Am looking for advice whether to do that through my kid’s account ( for which I have to create a new bank account ) or should I use my account ? I want to know How much hassle is that to do through kid’s account, is it really worth it? What are there any tax benefits? Aim is to make the kid future secure financially.

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Kendall Carmden

A large US based MNC.

8 months ago

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