Yes, minors can invest in mutual funds with FYERS. The process is the same as for any individual account, except that all transactions are carried out by the guardian linked to the minor’s account.
Mutual fund investing through FYERS
- Mutual funds can be purchased and held in the minor’s Demat account.
- The guardian operates the account on the minor’s behalf—this includes initiating purchases, redemptions, and tracking investments.
- Payments for mutual fund investments can be made through UPI and Net Banking, provided the respective bank supports these payment modes. Any restrictions on using these payment methods are determined by the bank and are not imposed by FYERS.
- There are no restrictions on the types of mutual funds a minor can invest in. The same funds and plans are available as for regular accounts.
To learn how to invest in mutual funds using FYERS, refer to our step-by-step guide.
The guardian is responsible for all investment actions and must ensure that the bank and KYC details match across the minor’s account.
What If...
| Scenario | Outcome |
|---|
| A guardian invests in mutual funds through the minor’s account | Allowed; standard mutual fund rules apply |
| The minor turns 18 | The account must be converted to a major account before the individual can transact independently |
| KYC or bank details mismatch during transaction | The transaction may be rejected until corrected |
Last updated: 05 Aug 2025