ZestyDonut
ZestyDonut

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.

21mo ago
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WigglyWaffle
WigglyWaffle
HCL2mo

Have you started? I created my kid account took around 3-5 months from next month about to start sip

BubblyCupcake
BubblyCupcake

Why not create a huf. If applicable.

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