Want to start teaching your child about investing early? Opening a Zerodha minor account might be the perfect way to get them hands-on experience with the stock market while you guide them along.
What is a Minor Account?
A minor account is a demat account opened in the name of a person below 18 years of age. The guardian (usually a parent) manages the account on behalf of the child. Zerodha offers free minor account opening with zero annual maintenance charges.
Benefits of Opening a Zerodha Minor Account
- Zero charges: No account opening fee and no AMC
- Teach money early: Give your kids practical exposure to investing
- Invest in mutual funds, IPOs: Can invest in mutual funds through Coin, apply for IPOs, and receive stocks as gifts
- Easy conversion: When your child turns 18, convert to a regular account at no cost
Documents Required
- Minors PAN and Aadhaar
- Guardian PAN and address proof
- Birth certificate or school leaving certificate
- Passport-size photo of minor
- Minors bank account proof (cancelled cheque/bank statement)
How to Open Online
- Visit signup.zerodha.com/minor and login with your Zerodha credentials
- Enter minors PAN and date of birth
- Verify via DigiLocker using minors Aadhaar
- Complete In-Person Verification (IPV) – both guardian and minor need to be present
- Upload documents and eSign using guardians Aadhaar
The account gets activated within 2-3 working days.
What Can Minors Invest In?
Allowed: Mutual funds (including SIPs), IPOs, receive stocks as gifts, government securities
Not Allowed: Direct stock buying, intraday trading, F&O trading
Important Points to Remember
- The guardian must sign all forms and documents
- Income from minors investments is clubbed with parents income for tax purposes
- When the minor turns 18, fresh KYC documents are needed for conversion
Conclusion
Starting early with investing is one of the best gifts you can give your child. A Zerodha minor account makes it simple and affordable to introduce them to the world of investing. The best time to start was yesterday – the second best time is today!
This is for educational purposes only. Consult a qualified financial advisor for personalized advice.
