Investments could, until now, be made from a Guardian bank account. This will stop. A bank account of the minor (either single or joint with Guardian) is required. This is the big change from the practice so far.
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A few weeks back, investor Thiyagarajan Chandrasekaran posted on a popular financial portal ‘there is no dividend for the month of December-18 and February-19’. Thiyagarajan had put his hard-earned money in a top-rated balanced scheme of a mutual fund and was surprised to know that monthly dividends were not guaranteed.