The key concept for today is: Can we get minor kids to start investing in the booming equity market of India? The answer is yes. Children can start their investment journey through mutual funds, with a few simple steps:

To begin, here’s what you will need:

• A birth certificate
• A minor PAN card
• An Aadhaar card
• A minor bank account with a parent as the guardian

Once these documents are in place, your child can start investing in mutual funds. When they turn 18, they can continue managing their investments. By then, the power of compounding would have already created a significant corpus, which they can use for education, starting a business, or building further wealth.