‘Same money...’: CA explains reveals how minor MF accounts unlock major tax benefits for parents

Creating long-term wealth for your child while optimising taxes is one of the smartest financial decisions a parent can make — and with the right investment structure, both goals can be achieved simultaneously. Financial educator CA Nitin Kaushik has now explained how a simple shift in the way parents invest for their children can unlock significant, fully legal tax benefits. Advertisement

In a detailed post on X (formerly Twitter), Kaushik highlighted how most parents regularly invest for their child’s future — for education, security, and long-term goals — but miss out on an overlooked tax advantage.

According to him, the strategy is simple: instead of investing in mutual funds or equities in the parent’s own name, open a minor mutual fund account in the child’s name, with the parent