Minor account

Zerodha does not impose account opening fees or Annual Maintenance Charges (AMC) for minor accounts. However, standard transactions and other charges and taxes will apply to trades executed in the minor's account.

Yes, minors can invest in mutual funds through Zerodha's Coin platform. The guardian can set up Systematic Investment Plans (SIPs) and manage mutual fund investments on behalf of the minor. Payments for mutual fund investments must be made from the minor's bank account linked to Zerodha.

Income earned by a minor from investments, such as capital gains and dividends, is generally clubbed with the income of the higher-earning parent. The parent is responsible for paying taxes on this combined income. It's advisable to consult with a tax professional to understand the specific tax implications and compliance requirements.

Yes, multiple minor Zerodha accounts can be opened. To learn how to see Can I open a Zerodha account for all my kids at the same time?

• PAN of Minor and Guardian
• Minor's Aadhaar number and guardian Address proof
• Proof of Date Of Birth: Birth certificate, School leaving certificate, Passport or Mark sheet issued by a higher secondary board.
• Passport-size photograph
• Bank proof
• Guardian's signature

With a minor account, you can:

• Can invest in Mutual funds.
• Can sell equity holdings from their demat account but cannot buy shares and government securities. They must be transferred to the minor's account.
• Can apply for IPOs, buybacks and takeovers.
• Cannot place any intraday and F&O orders.
• Cannot participate in OFS.

When a minor turns major (18 years old), a fresh KYC is to be carried out, and the minor account must be converted to an individual account.