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1. Which of the following statements with respect to KYC is true in case of mutual fund investments in the name of a minor?

KYC of minor needs to be done

KYC of parents needs to be provided

KYC is exempt

2. After minor attains majority, who can operate the investment in minor's name?

Minor turned major

Guardian

Minor turned major as well as his guardian

3. An investor below the age of ___ is considered to be minor for the purpose of investments

4. Which of the following needs to be provided additionally in case of investments in the name of a minor?

Minor's school name

Date of birth of minor

Minor's bank account number

How can minors invest in mutual funds?

what happens when a minor turns 18?

Watch this investor education video by Moneykraft to learn more about investment by a minor, and what happens when the minor turns major.

AUTHOR(s):Shreeja Thirani

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