Demat Account for Minor

Atiker

Active member
#1
Is it allowed to open Demat Account on the name of minor ?

If yes

1. Has anyone done that ?
2. Any Pros and Cons of doing that.

Why me asking ?

1. Invest in Long Term MF on child's name, no headache of nominee as when invested in own name.
2. Invest in Gold ETF for Long Term on child's name, again no headache of nominee as when investing on own name.
3. Can apply for IPO.
 
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