Is There Any Age Criteria For Investing In Stock Markets

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In respect of the investment in share market, there has been specified no minimum age limit but some of the important terms and conditions need to be paid heed to. These have been listed below-

For trading or investment in share market- A prospective investor who is still in the minor category can get the demat account opened for him by his guardian on his behalf. The demat account opened shall remain in the name of the minor. Guardian in the case can be the minor's parents or in the other case any relative or person known to the minor child who submits their proof of guardianship for the minor. At the time of opening the trading and demat account, the proof in this respect is also to be submitted with the brokerage house.

Is There Any Age Criteria For Investing In Stock Markets

To complete the account opening procedure, following documents need to be furnished; PAN of the minor as well as the guardian, date of birth proof of the minor, address proof to be given by the guardian and KYC application form.

After the minor attain the position of a major individual

The minor person who has a demat account opened in his name on attaining the position as a major can either close the current existing account and get a new account opened. All the securities held in the account shall then be transferred to the new account.

Or in the other case, proof of attaining majority can be submitted to the brokerage in an application and the same account can be continued for trading and demat services.

So, minor age does not come in the way of stock market investments provided you comply with some of the legal submissions.

Goodreturns.in

Story first published: Monday, July 10, 2017, 13:36 [IST]
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