Many parents and guardians look to mutual funds to build long-term wealth for a child’s future needs such as education, business capital, or financial security. Direct mutual fund plans, in particular, are often preferred due to their lower expense ratios and better long-term efficiency.
From a compliance and operational perspective, investing for a minor is…
The Reserve Bank of India (RBI) has issued two important draft circulars on 23rd May 2025, these draft circulars aim to improve customer convenience in managing dormant accounts and updating Know Your Customer (KYC) details. These revisions mark a major step forward in inclusive banking, especially for rural populations and Direct Benefit Transfer (DBT) beneficiaries.…

