I wanted to open a CDS account for my daughter but apparently (As per a stock broker I consulted), I can't. I wanted the CDS account to be in my daughter's name. The idea is to be buying and selling shares on her behalf and hopefully, when she's 18 she'll have a portfolio and cash to boot. The stock broker told me that being a minor, and therefore not legally allowed to enter into any financial agreements she can't have an account in her name. I refuse to believe this and if it is true then it is a very stone age approach to life because I can register property in her name and also open bank accounts in her name. Why not a CDS account? I don't want to buy her shares in my name - I want the transactions to be totally independent! Any advice? Anyone investing in the NSE on behalf of their kids?

@ jikome - I want the CDS Account to be in her name. If I have it in my name while I'm also trading on my behalf, the boundaries will become blurred with time. This becomes even more complicated if you want to invest for more than one kid. At one point, the question will be who owns what?

@MaichBlack,
Why don't you just contact the CDSC guys directly and ask them this question and then post their answer here?

@Maichblack

Hello brother

Ever heard of nominee account

Yes, you can open one even for the unborn kid.

However, try this guys for a change - Bluechip Equity Capital

You will marvel

Ask them your questions and if not satisfied, go the nominee way.

That way, you will avoid the Matiba, kiereini, wanjigi children share inheritance struggles

All the love brother

You need a nominee account for this purpose instead of a direct CDS sccount.

Dyer & Blair (Nomura nominee account) is one of them.
They can open account for minor the only recent snag from D& B is that you must trade on the account at least once in 3 months.

We have left our kids account dormant as we bought only blue chips for long term for them (EABL, KCB, BBK, ARM)