Investments in the name of minor childrens for future expenses like college education, marriage, others can be done in many instruments including shares, mutual funds, bank fixed deposit (FD), post office schemes among others. Further if the income of a child is clubbed with the parent then a tax exemption is also given.
Investors often buy stocks, gold bonds, ETFs and NCDs in the demat account. With mutual fund units too there, investors can get a consolidated view of their portfolio. All investments are kept in one location for convenience and consolidation, which helps in making portfolio management easier