Open a minor demat account online for free
Money management is an important life skill, and the best way to teach your child is to get them involved early.
Open a free minor account and help your kids invest in stocks, bonds, and mutual funds for their future.
Benefits of a minor account with Zerodha
Invest together
Track your minor account investments with the rest of your family’s investments with our family account feature.
Teach money management early
Give your kids their own account to learn investing hands-on.
Invest in everything
A minor account can invest in mutual funds, IPOs, and receive stocks as gifts from family.
Easy transition
When your child turns 18, we help convert their account to a major account at no cost.
Open a minor account in 3 simple steps
Apply online
Login with your Zerodha account
Video KYC
Complete verification with both guardian and child present
Start investing
The account is set up and ready to use in 2-3 days
Resources made to teach your kids!
Spark your child’s curiosity and let them learn about money early with our illustrated stories and videos.
FAQs
What are the charges for maintaining a minor demat account?
Minor accounts have zero account opening fees and no annual maintenance Charges (AMC). You only pay brokerage, statutory charges, and taxes when trades are executed in your child's account.
Can a minor invest in mutual funds?
Yes, minors can invest in mutual fund schemes through Coin. The guardian can set up Systematic Investment Plans (SIPs) and manage mutual fund investments on behalf of their children. Payments for mutual fund investments must be made from the child's bank account.
What are the tax implications for a minor demat account?
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.
Can I open a Zerodha account for all my kids at the same time?
Yes, you can open accounts for multiple children. For complete details, see how to open zerodha accounts for multiple children.
What are the documents required to open a minor account online?
- Child’s PAN & Aadhaar
- Guardian’s PAN
- Guardian’s Address proof
- Birth certificate, school leaving certificate, passport or mark sheet issued by a higher secondary board as proof of date of birth
- Passport-size photograph
- Bank proof
- Guardian's signature
What investments are allowed in a minor demat account?
In a minor demat account, the following investments are allowed:
- Mutual fund schemes (including SIPs)
- IPOs, buybacks, and takeovers
- Transferred stocks and government securities
- Selling of existing equity holdings
What investments or activities are restricted in a minor demat account?
The following are not allowed in a minor demat account:
- Direct purchase of stocks or government securities
- Intraday trading and derivatives (F&O)
- Participation in OFS (Offer for Sale)
What happens when a minor turns 18 years old?
The minor account must be converted to an individual account with fresh KYC documentation. This conversion is completely free of charge, and all investments remain secure during the transition process. The conversion typically takes 2-3 working days to complete.