Yes, a minor can invest in mutual funds but only with the representation of a legal guardian or parent. The minor must be the sole account holder and can’t be a joint account, and since a minor is not allowed to make financial decisions on their own, a parent or guardian can act as the custodian of the minor’s account. The guardian must either be a natural guardian (i.e., a parent) or a court-appointed legal guardian.
Exide Industries shares jump 1% after Q2 profit drops 14%. Should you buy or sell?
Exide Industries witnessed a 13.66% dip in consolidated profit for the September quarter, despite a rise in revenue. The company’s profits were impacted by increased
November 5, 2024