Demat accounts for my minor daughter.
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I want to open a demat account for my daughter, who is still a minor. So, can I open a demat account for my daughter, as I am not getting much information on Google?
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You can start a demat account for your daughter, but she needs to be supervised by a guardian. You or your wife can be that person.
But there are some rules, such as:
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Even though your daughter's name is on the account, you are the only one who can invest and make deals.
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You are in charge of your daughter's demat account, but you can only invest in things through it and not trade.
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