Can a minor invest in the equity and mutual fund segment?
Yes, minors can invest in the stock market, but their Demat and bank accounts must be operated by a guardian. Additionally, minors can invest in mutual funds through Fyers Direct, providing an easy and convenient option for investment.
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What is the procedure to open a minor account in FYERS?
You, as a guardian, can now open your child’s Demat account with us, which is entirely online and paperless, provided you have a Demat account in Fyers. The procedure to do so is as below: Log in to the My Account Portal and go to the ‘Manage ...
What are the fees associated with a minor's account?
For the minor's Demat account, there are no account opening charges, and we also do not levy any Annual Maintenance Charges (AMC). However, DP (Depository Participant) charges amounting to 12.5+GST will apply when selling Equity or Mutual Funds.
Do I need to maintain separate funds for equity and F&O segment in my NRI account?
Yes, NRIs are required to maintain distinct funds for the Equity and Futures & Options (F&O) segments in their NRO Non-PIS account. For Equity: NRIs have the facility to transfer funds directly into their FYERS account via our online fund transfer ...
Can NRIs trade in the F&O segment?
Absolutely, NRIs have the privilege to trade in the Equity F&O (Futures & Options) segment when they open an NRO Non-Portfolio Investment Scheme (Non-PIS) Account. FYERS takes pride in being among the select brokerages that enable NRIs to actively ...
Is it allowed to trade in equity delivery by linking other Demat accounts?
No, it is not allowed. If we had allowed you link your existing Demat account which is held with another broker with your Fyers trading account, you would have been able to buy shares through us, but you wouldn’t have been able to sell them through ...