Can a Student Invest in Mutual Funds? Please Guide.
Dheeraj Mandawat16 January, 2019
It would be easier to answer your query if you would have specified the age as well. Well, I will still try to answer your question.
For investing in mutual fund, an investor must attain the age of 18 because only then he would be an eligible holder of PAN Card which is a must document for beginning investment. Thus, if your age is 18 years or above then you can easily start investing. Furthermore, below is the list of documents that will be required:
- PAN Card
- KYC Compliance
- Photo & Signature
However, if you are below the age of 18 then also you can begin investing. For this, you would have to produce the original documents of your parents or guardian. The portfolio so created will be termed as Minor Folio. After you attain the age of 18 and become a major, your parents or guardian will have to change the status of the folio from minor to major. If the status is not changed then the transactions will be stopped.