To open a Demat account with Angel One in the name of a Hindu Undivided Family (HUF), you need to fill a special HUF account opening form, submit KYC documents of the Karta, and provide the PAN card of the HUF. This account is managed by the Karta on behalf of the family. The process is simple and can be done both online and offline with Angel One’s support.

What is the process to open a Demat account with Angel One for HUF?

Here is the step-by-step process to open a Demat account in the name of HUF with Angel One:

1. Visit the Angel One website or contact support for HUF account opening.
2. Download and fill the HUF Demat account opening form.
3. Attach the PAN card copy of the HUF and the Karta.
4. Submit KYC documents of the Karta (Aadhaar, PAN, photo, bank proof).
5. Provide a declaration stating the name of the Karta and all coparceners.
6. Submit a HUF creation deed or a self-declaration by the Karta.
7. Courier all documents to Angel One’s head office for verification.

Once verified, the Demat and trading account will be opened in the HUF’s name and managed by the Karta.

What documents are required to open a HUF Demat account?

Here is the list of required documents for HUF Demat account opening:

• PAN card of the HUF
• PAN card and Aadhaar card of the Karta
• Photograph and bank proof of the Karta
• HUF Declaration with names of coparceners
• HUF Creation Deed or self-declaration by Karta
• Proof of address of HUF (can be Karta’s address)

All documents must be self-attested by the Karta and submitted together for processing.

Who is the Karta in a HUF Demat account?

The Karta is the head of the family and manages the HUF account. In most cases, the eldest male member of the family is the Karta. He will operate the Demat and trading account on behalf of the HUF and will also sign all documents.

Can HUF invest in stocks and mutual funds?

Yes, once the Demat account is opened, the HUF can invest in Indian stocks, mutual funds, IPOs, and other securities. All investments will be made in the name of the HUF, but operated by the Karta on its behalf.

Is online Demat account opening available for HUF?

Currently, full online opening for HUF accounts is not available due to document verification. However, Angel One makes it easy by helping you fill the form and guiding you on how to send documents. You can contact their support for fast and smooth processing.