HSBC Mutual Fund has acquired L&T Investment Management for a consideration of US $425 million. L&T Investment Management is a wholly-owned subsidiary of L&T Finance Holdings and the investment manager of L&T Mutual Fund.
It is a common question that an individual wants to invest in the Mutual Fund in the name of their kids. What are the conditions and restrictions on investing in mutual funds in the name of Kids? Let’s discuss this topic in this article as we move ahead.