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What is the purpose of opening a Demat account in the name of minor?


The main purpose of opening of a Demat account in the name of minor by Guardian  ( Guardian has to be the father or in his absence mother. In absence of both, father or mother, the guardian can be appointed by court ) is to create a corpus for his / her future ie., for Higher education, Marriage etc., by investing in Equity stocks, IPOs, Gold Bonds and Mutual Funds /SIPs.


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