Every parent dreams of giving their child the best start in life—whether it’s a top-notch education, a dream wedding, or financial independence as they step into adulthood. One of the smartest ways to build that foundation is by investing in mutual funds in their name. It’s like creating a time capsule of wealth—growing with your child and ready when they need it most. Documents needed to open a minor’s MF account Here’s a step-by-step guide to setting up an account hassle-free: What happens when a minor investor turns 18? When a minor turns 18, their mutual fund account must be updated, and they take full control of their investments. Steps to update the account: Key takeaway: Educate the child early to avoid mismanagement of funds. The minor is the real owner of the investments, not the guardian. Upon turning 18, KYC compliance is mandatory to access and manage funds independently.