Investing from joint savings account

Swady (Digital World) (115 Points)

15 August 2017  

Hi, my parents have a joint savings account where my mom is the 1st person and dad(2nd). In case of mutual fund investments, my dad(senior citizen) wishes to invest from this joint account. So technically the investment would be booked on my dad's pan(1st holder) and mom would be 2nd holder.

Since its a joint account would there be any tax issue later on?