How to Invest in Direct Mutual Funds for Your Child

Parents can invest in mutual funds for their kids to help save money for things like college.

They can do this through a special online portal called MFU.

To start, they need to set up an account and provide information about the child and the guardian.

The guardian manages the account until the child turns 18, at which point the child takes over the account and can start managing their own investments.

The account is linked to either the child's or the guardian's bank account.

When the child turns 18, they will gain complete control of their investments.