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Can minors open demat account and invest in shares and mutual funds? |
If yes how do one invest in mutual funds and buy shares Court appointed guardian can open demat account in minor's name or a a joint account with court appointed guardian's name. Pan card in the name of minor is issued. As far as I know, only joint accounts are eligible if one of the applicants is a minor. You need one major person to act as a guarantor since minors generally don't have their own source of income nor do they file taxes. no please. the first and Mandoatory requirement of opening a dmat account and trading in shares and mutaul funds is a Pan Card. and i dont think a minor can have a pan card. definitely yes but Parents of them will be signing authority for them |
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