Investing in mutual funds requires careful consideration of the right allocation between lumpsum and SIP investments. Lumpsum investments allow for potentially higher growth but are subject to market timing risks. SIPs mitigate volatility by investing regularly at different price points.
The child shall be the first and sole holder in such a folio. No joint holder will be allowed in this folio. The guardian in the folio can be either parent (i.e., father or mother) or a court-appointed guardian.