Minimum age for investing in Mutual Funds?

#1
Dear Financial Gurus,

Could you kindly enlighten me about the minimum age for investing in Mutual Funds in India.

Is there any minimum age?

My friend is a 16 yrs old and having PAN. He is interested in investing in Mutual Funds. Is he authorised to invest?

With thanks in advance for answering the above.

Kaushal
 

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