News From Press How to invest in mutual funds in the name of an NRI minor?

How to invest in mutual funds in the name of an NRI minor?

Source: Value Research Feb 2, 2023

My kids are holding OCI cards. I have opened NRE and NRO accounts for my kids (6-year and 10-year old sons), and also got a PAN card for them. Is it possible to do mutual fund SIP (direct) on their name with their PAN and NRE/ NRO accounts? Please advise as I need to do SIPs on their names for the future education needs. - Anonymous

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