What are the fees associated with a minor's account?

What are the fees associated with a minor's account?

Setting up a minor demat account at FYERS is completely free, making it easy for guardians to start early investments for their children. There are also no annual maintenance charges, keeping long-term holding cost-effective.

Are there any fees involved for transactions?

Yes, while opening and maintaining the account is free, a specific fee applies when selling holdings from the minor’s account.

Charges applicable for minor accounts

  • Account opening: ₹0
  • Annual Maintenance Charges (AMC): ₹0
  • DP Charges (for selling shares): ₹12.5 + 18% GST per ISIN (stock/mutual fund) per day of sale

These Depository Participant (DP) charges apply uniformly across all FYERS accounts, including minor ones.

What if I only hold investments and don’t sell?

You won’t incur any DP charges unless there’s a sell transaction. Simply holding equity or mutual funds in the account does not attract any fees.

DP charges are levied per ISIN sold per day, so if multiple stocks are sold on the same day, charges apply per stock.

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