Smart investing for grandchildren: Plan for their higher education without financial stress
Last Update Date: 06-10-2026
Published by Moneycontrol
Abhishek Kumar's role: Quoted
Abhishek Kumar explained that a mutual fund folio in a minor's name is run by a parent as guardian until the child turns 18, and that income from gifted money is taxed in the parents' hands until then.
More of Abhishek's views on money management
The article looks at ways grandparents can save for a grandchild's higher education. It compares savings accounts, fixed deposits, SSY, PPF and mutual funds held in a minor's name, explains clubbing of income with parents, and covers estate planning through nominations, wills and trusts.
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Smart investing for grandchildren: Plan for their higher education without financial stress