Here's a summary of how parents can guide their children in learning about investing and managing money:

1. Start with the basics: Teach your child about economics, companies, sectors, and market trends.
2. Use books and online resources: Introduce your child to books like "Rich Dad Poor Dad" by Robert Kiyosaki, "The Psychology of Money" and "Same As Ever" by Morgan Housel.
3. Educate them on balance sheet analysis: Teach your child how to analyze a company's financial statements to understand its profitability and potential for growth.
4. Form an investment thesis: Encourage your child to develop a strategy for buying stocks or funds based on their research and investment goals.
5. Allow paper trading: Give your child a platform to practice trading with virtual money, such as Neostox or Stock Trainer apps.
6. Open demat and trading accounts: Help your child open demat and trading accounts when they reach the age of 18 (if under 18, a parent or guardian can open these accounts on their behalf).
7. Teach KYC processes and banking operations: Educate your child about the account opening process, including filling out forms, providing documents, and understanding the importance of KYC.
8. Monitor progress and provide guidance: Regularly review your child's investments with them, discussing their decisions and reasons behind them.
9. Enable open conversations: Encourage discussions about their investment choices, allowing your child to lead the conversation and share their thoughts.
10. Allocate a reasonable initial amount: Give your child an initial investment of Rs. 10,000-25,000, which will help them learn with minimal risk.

By following these steps, parents can empower their children with knowledge and skills to make informed investment decisions and set themselves up for long-term financial success.