Open a Zerodha account for your kids and invest together

Knowing how to manage money is an important life skill, but most Indians aren’t equipped to manage their own finances. This is partly because schools and colleges don’t teach us anything about money. When people start earning, they are in the dark and make simple mistakes they could’ve avoided, or worse yet, fall prey to fraudsters and scammers. 

One of the best ways to teach your child about the basics of money is to get them involved early. This is because we learn some of our most important money lessons when we are young—lessons that stick with us for life. Helping Indians learn how to manage their money is a cause that is near and dear to all of us at Zerodha. We’ve been doing this for well over a decade through Varsity Modules, Varsity videos, offline workshops at schools and colleges, and through Zerodha YouTube, Zero1, Z-Connect, TradingQnA, etc. We even launched Rupeetales and the Varsity Junior video series for kids. 

The one thing we also wanted to do was help parents save and invest in a simple and easy way for their kid’s future. We’re happy to announce that you can now open a Zerodha account for your kids online and invest in stocks, mutual funds, and bonds with your kids. To encourage more parents to invest together with their kids, we made minor account opening free and are also waiving off the Annual Maintenance Charges (AMC). 

How does it work?

You are in control

As a guardian, you are in full control of the minor’s Zerodha account. Minors cannot buy securities on their own. They can only track their portfolio and sell holdings. You can either gift securities to the minor, or the minor can request you to buy securities and then gift them. You can buy stocks, mutual funds, exchange-traded funds (ETFs) government bonds, and sovereign gold bonds on behalf of your kid and then gift them.  Intraday and F&O trading are not allowed in minor accounts.  

Track both your portfolio and the minor’s account

You can also track both your portfolio and your kid’s portfolio together with the Family Accounts feature on Console. This makes it easier for you to plan your kid’s goals. 

How to open an account?

We’ve published a video with a detailed walkthrough of online account opening process.

Here are the documents required and a step by step guide to open an account. 

Please note that the minor’s Aadhaar must be linked to a mobile number to open the demat account online.

To open an account online, visit https://signup.zerodha.com/minor

We’ve also published detailed articles on the most commonly asked questions about minor accounts.