​Minor child turns major: Do this to avoid mutual fund account being frozen
Parents who had invested in mutual funds in name of their minor child must ensure to convert the status of the said mutual fund investments when their now child has become adult. If the status is not changed from minor to major when the child turns 18, the investments would be frozen.
Neeraj Agarwala Business Development Exchange Board Of India Exchange Board Chief Business Development Officer Global Business
Source: indiatimes.com