Investing in the share market requires experience and it is good to invest when you attain a certain age. Though investing in the share market has no age limit, even a minor can learn about the share market and start investing. You have to follow certain terms and conditions if a minor wants to invest.

The things to be considered before investing are the basic knowledge of the share market and the ability to understand the financial statement of a company. If an investor can understand the financials of a company and anticipate the future prospects then the investor need not hesitate to invest in the share market.

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How can a minor invest?

The minor can invest by opening a Trading/Demat account. The account can be opened in the minor’s name by the guardian. The guardians can be the parents of the minor or a relative or someone known to the minor. Relatives and someone known to the minor have to submit an application in the court to confirm that they are the guardians of the minor. A copy of this will have to be submitted while opening an account.

Documents required to open an account for a minor:

• Minor’s proof of Date of birth
• Both the minor and the guardian have to submit the PAN card
• Guardian will have to submit an address proof
• KYC form

Once the minor becomes a major then they have two options:

• Close the existing account and open a new trading account and transfer all the stocks to the new account.
• Continue with the existing account and submit documents related to the majority to their broker with an application.

Investing using apps

Most providers offer an app to carry on the investments in the share market. You can easily open an account online and start investing. You only have to answer a few questions and the intelligence-based software will create a portfolio for you. You can set up your goals and preferences and the online trading app will recommend the investment option to you.

The apps offer AI-enabled investing in which the information provided by you and the ability to take risks is used to suggest the best portfolio that maximises the returns. You can decide the amount you want to invest and the frequency of investment and the app will recommend the weekly or monthly investment options. It is safe to use the app.