Who can invest in Children education mutual fund?

Only the parents of a minor child are eligible to invest in the child education mutual fund schemes. Any guardian of the child is also allowed to invest at the name of a minor child. One can invest in child mutual fund plans through SIP or lumpsum mode of investment. For making an investment, you can set the target corpus and time. Once you reach the target amount, you can stop investment and let it grow with time. You can also use the calculator provided by AMCs to find out the amount that you have to invest. By this, you can choose the right fund as per your requirements.