I want to create a private trust for a minor. I mainly wish to invest in mutual funds from the trust. What should I include in the trust deed?
—Neel Shah
You can create a private trust under the provisions of the Indian Trusts Act, 1882, where you can be the settlor and/or the trustee for the benefit of the minor child, who is the ultimate beneficiary. You can provide for all such events where you wish your child becomes entitled to some funds or liquidate the trust assets with certain capping. Under the provisions of the Act, a private trust can invest in mutual funds, shares, and so on, as desired by you.