1 Investment can be made in a mutual fund in the name of a minor child, to save for the goals for the child.
2 Minor folios have to be singly held in the name of the minor. No joint holdings are allowed.
3 Minor folios can be opened only by parents who are natural guardians or court-appointed guardians.
4 KYC formalities have to be completed by the guardians and the folio is operated by them. No PAN or KYC for the minor is needed.
5 Date of birth of minor has to be compulsorily provided. On attaining the age of 18, the minor turned major alone can operate the folio after completing KYC process
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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