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

An HUF (Hindu Undivided Family) account is a Demat and trading account opened in the name of a Hindu Undivided Family, which is a legal entity recognised under Hindu law.

This account allows the HUF to hold and trade in securities such as shares, mutual funds, and bonds as a single family unit. The account is managed by the Karta, who acts on behalf of all HUF members.

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

Documents required to open an HUF account:

1. PAN card of the HUF
2. Address proof in the name of the HUF such as bank statement, passbook, or utility bill
3. Cancelled cheque or bank statement of the HUF bank account
4. PAN card of the Karta
5. Address proof of the Karta
6. Duly filled Trading and Demat application form
7. Karta’s photograph affixed, stamped, and signed across

IMPORTANT: The HUF account is operated only by the Karta on behalf of the family.

If you need assistance with documentation or the account opening process, please call +91 9779 902 002 or email clientsupport@shoonya.com.se.

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