u/IndianSwiftie90

Help with mutual funds investment for my 1.5 year old through Zerodha Coin.

Hey guys,

I recently opened a zerodha minor account for my son to invest in mutual funds. The process is complete but I'm a bit confused as to how to choose as in should I invest through Coin or directly with AMC.

I am planning to invest for at least 15 years but there may be money issues in future (Self Employed) or change in investment amount if I earn more. What's my best strategy moving forward? I want to invest through Coin but unsure after knowing the disadvantages in demat format.

Please help me decide.

Edit: Please let me know if there are better options to invest in mutual funds for minors that are flexible to increase or pause my SIPs.

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u/IndianSwiftie90 — 9 days ago

Hello guys. I created a Groww account almost 2 years ago and started SIP 18 months ago. I am new to investments and have little knowledge on market proceedings which is why I invested in MFs (suggested by my husband)

I started SIP journey with the sole intention to build corpus so I can start SWP when I quit work. However, most of MF folios are now in Demat mode (I unknowingly clicked upgrade to demat in Groww) Stupid, I know.

I want to know if this will be a problem in future? I also opened a zerodha account recently for my son and haven't used mine or his' yet. What's the best solution forward? Do I continue my existing SIPs or cancel them and open new ones in Zerodha ?

reddit.com
u/IndianSwiftie90 — 25 days ago