The CAL Minor Unit Trust Account allows parents or legal guardians to invest in a professionally managed, low-risk fund on behalf of a minor. The account is designed to help build long-term wealth for children with full transparency, oversight, and legal safeguards in place.

Key Features

Secure Reinvestment

All income and dividends are automatically reinvested to grow your child’s future wealth—until they turn 18. (You may choose to transfer to a savings account in the minor’s name if needed.)

100% for the Minor

The account is jointly opened by the parent/guardian and the child, but all funds legally belong to the minor—ensuring their financial future is protected.

Seamless Transition at 18

When the minor turns 18, the account effortlessly converts into a standard Unit Trust Account with minimal documentation—keeping the investment journey uninterrupted.

Low-Risk, High Stability

Investments are placed in the CAL Investment Grade Fund—comprised exclusively of government and investment-grade securities—ensuring stability and safety for your child’s future.

Exclusively for Minors

Redemptions are directed solely to the minor’s bank account, ensuring that the investment stays secure and truly dedicated to the child’s future. This provides parents peace of mind and full transparency at every step.

Account Operation Guidelines

Operation Conditions
Investments Allowed only into CAL Investment Grade Fund (low risk)
Redemptions Permitted only to the minor’s savings account
Dividends Automatically reinvested unless otherwise requested
Guardian Rights Guardian exercises all account-related rights on behalf of the minor
Statements Sent to guardian’s email unless alternative communication is requested

Account Opening Steps

To open a Minor UT Account, the Guardian must provide

Required Documents for Minor Account Opening

1. Application Documents

  • Duly completed application form
  • Signed Terms & Conditions

2. Identification

  • Guardian’s valid NIC or Passport
  • Minor’s NIC or Birth Certificate (if available)
  • Address proof (only if different from NIC)

3. Relationship & Financial Proof

  • Proof of a minor’s savings account with a licensed bank
  • Birth certificate or court order confirming relationship to the minor

4. Consent Forms

  • Email Indemnity form
  • DRP Consent form

5. Nominee Details

  • Nominee’s NIC or Passport
  • Nominee’s address proof
  • Documentary evidence of relationship with the nominee

6. Additional

  • Any other documentation requested by CALI

After the Minor Turns 18

The account automatically becomes an ordinary Unit Trust Account. The minor, now an adult, must provide standard KYC and account documentation. All rights, access, and investment decisions shift to the new adult account holder.

Ready to Start?

Open a Minor Unit Trust Account and begin building a secure financial future for your child. For assistance, contact our investment team today.

For inquiries

Email: invest@cal.lk
Phone: +94 11 760 2525