How to buy or sell securities in minor accounts?
Minors cannot buy securities. Instead, the guardian can either transfer existing securities in their demat account or buy and transfer them to the minor’s account. The guardian can initiate the transfer process with the Client Master Report (CMR). The CMR copy is sent to the registered email ID once the minor account is opened. See What is Client Master Report (CMR), and how to get it?
To learn how to transfer securities online, see How to transfer shares from the Zerodha account using CDSL Easiest? To learn how to transfer securities offline, see How to transfer shares from Zerodha demat account to another demat account offline?
Did you know? Securities in a minor account cannot be sold; they must be transferred from the minor’s account to the guardian’s account to be sold.
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