How to invest in mutual funds for your child’s minor account with Zerodha

In this video, we explain how to invest in mutual funds for your child’s minor account with Zerodha. Discover how you can invest directly in mutual funds using the Coin app, and set up SIPs for regular investments.

Currently, NRI minor account holders cannot invest in mutual funds on Coin.

#investingforkids

[guide]

SIP automatic payment mandate should be with the option of UPI payment option so that we don't have to register for net banking which id & password is too hard for remember.🤔

[sumittank]

Plz accept money from guardian account. Again opening bank account on minor name for sip is struggle. Plz accept fund from gudian account.

[VibhutiSinha-jhbv]

Few pointers:
1. Parents can pay for MF from parent's bank account or from Minor's bank account.
2. Withdrawal will come only to minor's account. It will not go to parents account.
3. Once Money will come to minor's account, you can use money as normal bank transaction. ( Transfer to ur account)
4. If minor is gaining STCG/LTCG, then it's liability of parents to pay taxes.
5. Once minor becomes Adult (18+), you need apply for new pan card of minor and do re-kyc. If you withdraw money after that, then Tax liabilities will be of Kids, , , and that's the profit of non earning kids.
6. Use Google translator to understand this in Hindi, if require.

[MazharYakub]

*Please same video, हिंदी में भी बनाओं*

[RajaRVlogs]

Hi @zerodha team, I have opened minor account for my son and its activated.... But unable to buy a Mutual found from coin app, because minor account doesn't have a net banking or debit card. Bank people saying minor account is not eligible to avail net banking or debit card. If this is restrictions, what's the use of opening a minor dmart account?

[Manojkumar-wnyd]

SBI aur PNB me minor account khole but unse transaction nhi kar sakte to kya fayda ...Guardian ke account se enable karo minor ke liye sip ka option .

[coldstone]

Is guardian required to pay taxes after minor turns major also?

[yoshukla]

Is there mf for huf through huf demat a/c coin of zerodha?

[yourfinancialadvisor]

Why soo many mandate required for different sips? If I create one mandate and I start two sip, so is it possible. Please make a video on that. I don't understand why soo many mandates are required? Please give my answer. ASAP . I will start two sip. Please

[flgoo]

Could you plewse tell me which banks having transaction enabled for minor account? 😅

[flgoo]

I'm fighting with bank to get the transaction rights - ATM card / UPI etc to get enabled for the minor account.😢😢
Sadly this is like hell
Enable using guardian or parent account transaction

[rbikarthik]

How do u show a demo with UPI as payment option for a minor option ? Which isnt legally possible!! I dont see any efforts as usual to revert to all queries by your users.

[jayasudhamurali]

I m also facing the same issue of minor account online transactions rights not given. Pl. Let me know which bank gives the same

[DharmendraSinghDhurvey-zxvl]

Coin app me mandate nhi ho rha SIP ke liye. Plz bataiye kya karein?

[Ashish-nohup]

Can I do SIP for stocks as well directly from Minors account?

[MrPreetjain]

I tried creating coin mandate in my minor daughter's account. Chose aadhar as the option and it was rejected saying minor account. What to do next as mandate name says "name already used". I am not able to try again using internet banking. My kids account is linked to my account and is internet banking enabled. I wish to try again. Help me out

[Firefighter]

Can I APPLY IPO and FPO IN MINOR DEMATE ACCOUNT

[rajmvs]

भारत मे ८% हिन्दी भाषा है
वीडियो हिन्दी मे बनाए
धन्यवाद

[vasidp]

i
s a guardian required to pay taxes after a minor becomes an adult?"

[praveenkumarkl]

I'm getting stuck in a pan card and date of birth window. It's showing pan card already used