Benefits of Minor Demat account: Empowering the next Generation of investors

1. Benefits of Minor Demat account: Empowering the next Generation of investors Those Millennials who think of family planning want their family, spouse, and children's futures to be secure when they are in their prime ages. As they grow older, both productivity and passion for work witness a decline. So even before they take their first step toward family planning, they anticipate future expenses and try to match their income with expenses or cut out unnecessary expenses. Read More www.moneysukh.com STOCK EQUITY IPO MUTUAL FUND FUTURE & OPTION ETF SGB EVENT TRACKER Market Hunt Derivative reports Commodity reports Margin updates Monthly Magazine Blogs

2. Can a Minor Open a Demat Account? According to the Indian Contracts Act of 1872, minors are not legally allowed to execute or be parties to financial agreements. However, a demat account in the name of a minor can be opened only for the sole purpose of keeping securities under the supervision of a guardian, major, or parent. In the case of a minor, a parent or legal guardian is required to act as the primary party responsible for transferring shares to the minor's Demat account as a gift. The point to be noted here is that a minor cannot be a joint holder point to be noted here is that a minor cannot be a joint holder in a demat account. Read More www.moneysukh.com STOCK EQUITY IPO MUTUAL FUND FUTURE & OPTION ETF SGB EVENT TRACKER Market Hunt Derivative reports Commodity reports Margin updates Monthly Magazine Blogs

3. Features of Minor Demat Account Limited Control - Till the time a minor (under 18 years of age) doesn’t turn major (usually above 18 years), he or she will have limited control over the operability of the account. The parent or the authorized guardian acts as the authorised signatory and makes investment decisions on behalf of the minor. • Read More STOCK EQUITY IPO MUTUAL FUND FUTURE & OPTION ETF SGB EVENT TRACKER Market Hunt Derivative reports Commodity reports Margin updates Monthly Magazine Blogs

4. Joint Holding :- A minor Demat account is typically held jointly by the minor and the parent or guardian. The parent's or guardian's name appears before the minor's name in the account, indicating their role as the primary account holder. Trading Restrictions :- An account that is opened under the name of Minor is not allowed to engage in intraday trading, short-selling, or trading in derivative instruments. Minor account is also not eligible for buying directly from the equity segment. segment. Read More www.moneysukh.com STOCK EQUITY IPO MUTUAL FUND FUTURE & OPTION ETF SGB EVENT TRACKER Market Hunt Derivative reports Commodity reports Margin updates Monthly Magazine Blogs

5. Parental Consent :- Before authorizing any transactions on the minor Demat account, the parent or guardian must provide prior consent. This guarantees that the investments are in accordance with the financial objectives and risk tolerance of the family of the minor. Tax benefit : - Earnings through the investment made through a minor demat account are considered guardian or parent income, which is usually considered higher. The parents or guardians whose income includes the minor's income can get a tax benefit. whose income includes the minor's income can get a tax benefit. Read More www.moneysukh.com STOCK EQUITY IPO MUTUAL FUND FUTURE & OPTION ETF SGB EVENT TRACKER Market Hunt Derivative reports Commodity reports Margin updates Monthly Magazine Blogs

6. Contact us: 96382-37000 Mansukh Securities and Finance Limited: SEBI Registration Number-INZ000164537 ( Members- NSE,BSE,MCX, ),IN-DP-72-2015 ( DP-NSDL, CDSL ) Mansukh Stock Brokers Limited : SEBI Registration Number- INZ000164937 ( Members -BSE ), IN-DP-36-2015 Mansukh Commodity Futures Private Limited : SEBI Registration INZ000164937 ( Members -BSE ), IN-DP-36-2015 Mansukh Commodity Futures Private Limited : SEBI Registration Number-INZ000063032 ( Members- NCDEX ) Mansukh IFSC Broking Private Limited : SEBI Registration Number- INZ000099432 (Members- NSE IFSC, INDIA INX)Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances Investments in securities market are subject to marketrisks; read all the related documents carefully before investing. www.moneysukh.com STOCK EQUITY IPO MUTUAL FUND FUTURE & OPTION

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