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.
Bank deposit rates to stay firm in Q4 as loan demand peaks
Bank deposit rates are expected to remain steady. Lenders need funds for increasing loan demands. The recent CRR cut offers some relief but the busy
December 23, 2024