Yes, you can open a Demat account with Angel One for a minor. The account must be opened by the minor’s guardian, and it will be operated by the guardian until the minor turns 18 years old. This helps start early investments in the name of the child for their future.

Can a Minor Open a Demat Account with Angel One?

Yes, a minor can open a Demat account with Angel One. But the account will be operated by their parent or legal guardian until the minor becomes 18 years old. The guardian manages all activities related to the account.

What Documents Are Required to Open a Minor Demat Account?

To open a minor Demat account, you need the PAN card and birth certificate of the minor, and the PAN card, Aadhaar card, address proof, bank proof, and photographs of the guardian. A relationship proof between guardian and minor is also needed.

Can a Minor Buy or Sell Shares?

No, a minor cannot trade in shares directly. The Demat account opened in the minor’s name is only for holding shares. The guardian cannot use it for trading. It can only be used to receive gifted or inherited shares or for IPO allotments.

Can a Minor Apply for IPO or Invest in Mutual Funds?

Yes, the guardian can apply for IPOs or invest in mutual funds on behalf of the minor. The investments will be made in the name of the minor, but operated by the guardian until the minor becomes an adult.

What Happens When the Minor Turns 18?

When the minor turns 18, the account has to be converted into a regular individual Demat account. The person has to submit KYC documents, signature, and a new application to update their details. After this, they can operate the account themselves.

How to Open a Minor Demat Account with Angel One?

To open a minor Demat account, you need to fill out the offline account opening form from Angel One. Submit all the required documents and KYC proofs of both minor and guardian. The process is simple and can be done by visiting the nearest Angel One branch.