How to Open a Mutual Fund in Your Child's Name
A step-by-step guide. No filler. In order.
This is the guide I wish had existed when I first tried to do this. In order. No filler.
Gather your documents
Child's birth certificate, your PAN card, your Aadhaar, your bank account number + IFSC. That's it. No child PAN. No separate bank account for your child.
Check if your KYC is done
Invested in a mutual fund before? KYC is likely already complete. Check at cvlkra.com. If not, it takes 15 minutes online — PAN, Aadhaar, selfie, done.
Choose a platform
Directly through an AMC, or through a platform like Taru, Kuvera, or Groww. A platform gives you one login for multiple fund houses — simpler for most parents.
Open the minor account
Select "minor account," enter your child's name and date of birth, confirm your relationship as guardian, and link your own bank account.
Choose a fund and start the SIP
A Nifty 50 index fund is a simple, low-cost starting point. Pick your monthly amount, set the SIP date, confirm the bank mandate. It runs automatically every month after that.
Set it up once. Let it run. Check in once a year. That's the whole job.
Markets will go up and down. That's normal. Don't stop the SIP during a dip — that's exactly when compounding does its best work.