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 account.
Fee Type | Amount |
---|---|
Account Opening | ₹0 |
Annual Maintenance Charges (AMC) | ₹0 |
DP Charges (for sell transactions) | ₹12.5 + 18% GST per ISIN per day |
No fees are charged for simply holding equity or mutual fund investments in a minor’s Demat account. Charges are triggered only when sell transactions are executed.
Scenario | Outcome |
---|---|
Only holdings are maintained, no sales made | No DP charges apply |
Stocks and mutual funds are sold on the same day | Charges apply separately for each ISIN sold |
The same stock is sold across different days | DP charges apply for each day the ISIN is sold |
Last updated: 05 Aug 2025