Can a minor invest in mutual funds with FYERS?
Yes, minors can invest in mutual funds with FYERS. The process is the same as for any individual account, except that all transactions are carried out by the guardian linked to the minor’s account.
Mutual fund investing through FYERS
- Mutual funds can be purchased and held in the minor’s Demat account.
- The guardian operates the account on the minor’s behalf—this includes initiating purchases, redemptions, and tracking investments.
- There are no restrictions on the types of mutual funds a minor can invest in. The same funds and plans are available as for regular accounts.
To learn how to invest in mutual funds using FYERS, refer to our step-by-step guide.
The guardian is responsible for all investment actions and must ensure that the bank and KYC details match across the minor’s account.
What If...
| Scenario | Outcome |
|---|
| A guardian invests in mutual funds through the minor’s account | Allowed; standard mutual fund rules apply |
| The minor turns 18 | The account must be converted to a major account before the individual can transact independently |
| KYC or bank details mismatch during transaction | The transaction may be rejected until corrected |
Last updated: 05 Aug 2025
Related Articles
What is the procedure to open a minor account in FYERS?
Guardians can open a minor Demat account through FYERS. The process is entirely digital and requires the guardian to have an active FYERS Demat account. The minor’s account will be operated by the guardian until the child turns 18. Step-by-step ...
Can a minor open a trading and Demat account with FYERS?
Minors are not allowed to operate trading accounts independently. However, guardians can open a Demat account in the name of a minor and manage it on their behalf. This setup is governed by SEBI regulations and is limited to certain investment ...
What are the charges for a minor's Demat account at FYERS?
FYERS offers zero-cost setup and maintenance for minor Demat accounts, making it simple for guardians to start long-term investments on behalf of children. However, standard DP (Depository Participant) charges apply when securities are sold from the ...
Can a minor sell holdings, receive corporate actions, or apply for IPOs?
Minors can hold Demat accounts through FYERS with their legal guardian acting as the account operator. However, the features available for such accounts are limited due to regulatory and platform constraints. Selling holdings from a minor’s Demat ...
Can I open a Demat account for my relative's minor child?
No, FYERS does not permit opening a minor’s Demat account unless you are the legal guardian—specifically, the child's father, mother, or a court-appointed guardian. Relatives such as uncles, aunts, grandparents, or family friends cannot act as ...