What is an HUF (Hindu Undivided Family) account? Can we open one with Shoonya?

A HUF (Hindu Undivided Family) Demat account is opened in the name of a Hindu Undivided Family, a legal entity recognized under Hindu law. This account enables the HUF to hold and trade in securities such as shares, mutual funds, and bonds as a collective unit. The account is managed by the Karta—the head of the family—on behalf of all members.

Yes, you can open a HUF Demat account with Shoonya by Finvasia.

Here are the documents required:

• PAN card of the HUF
• Address proof in the name of the HUF (Bank statement, passbook, or utility bill)
• Cancelled cheque or bank statement of the HUF account
• PAN card of the Karta (family head)
• Address proof of the Karta
• Duly filled Trading & Demat application form
• With Karta’s photograph affixed, stamped, and signed across

Our team is here to assist you at every step. If you need help with the documentation or process, please call +91 9779 902 002 or email [email protected].

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