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Investing In Mutual Funds In Child's Name? New SEBI Rule From June 15

The Securities and Exchanges Commission of India (SEBI) has permitted parents or legal guardians to invest from their own bank accounts in mutual fund schemes for their children. No longer will they have to open joint accounts or open the account of minor children for this purpose, according to a new SEBI circular dated May 12, 2023. aaa ....

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