Ensure you have a savings bank account in your child’s name. A | Wealth of Wisdom - WOW

Ensure you have a savings bank account in your child’s name. As per mutual fund guidelines, money can be invested in your child’s name, only if it comes from a bank account where you child is the primary holder. No joint holder or nominee will be allowed in a folio held by the minor. The guardian in the folio should be either parent (father or mother) or a court appointed legal guardian.