What is a children’s mutual fund? How does it work?

Children’s mutual funds are investment avenues designed to meet kids’ financial goals like education or weddings. These funds, managed by parents or guardians, feature a lock-in period to promote long-term investing. They offer a blend of equity and debt options based on risk tolerance.

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.

Read more at the source

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *