Depends when you withdraw your corpus.under 1 year it consider as a STCG with 20% taxabove 1 year it consider as a LTCG with 12.5% taxAnd for broker charges check with expense ratio in mutual fund.Either you can invest in ETF's, having low expanse ratio.
@sarunsaji04 if a person just have theoretical knowledge and he wants to gain some practical knowledge. What will be the stocks you will suggest?
A minor can invest in Mutual Funds with the assistance of their parents or legal guardians. In addition, investments in any instrument may be made on behalf of a minor child, that is, a child under 18, by all Mutual Fund companies.
Don't put all your capital in small cap. Coz When mid nd large cap crash in few percentage whereas small cap crashes with large percentage. Divide your capital 2-3 segemnt and invest according. Low risk,high risk and very high risk. Allthough MF is alredy diversified but still...