Can you transfer shares to minor?
Yes, shares, ETFs, Gold Bonds can be transferred to a minor, but the minor’s Demat account must be opened and operated by a guardian (parent or court-appointed). The transfer is done using a Delivery Instruction Slip (DIS) or using CDSL EASIEST Portal, and the account is limited to delivery-based transactions only. Income from the shares, like dividends, will be clubbed with the guardian's income for tax purposes. Ensure all necessary documentation, such as proof of guardianship and KYC compliance, is in place.