What is a HUF demat account? Can I open a HUF demat account with Arihant Capital Market Limited?

A Karta of a Hindu Undivided Family (HUF) can open a demat account to invest in stocks. For that purpose, they need to open a demat account in the name of his HUF, a legal entity under Hindu law. Managed by the Karta, the demat account will allow the HUF to invest in shares, bonds, and mutual funds. The securities are held collectively by all HUF members, making it a tax-efficient way for joint families to invest. 

You can open a HUF demat account with Arihant Capital Market Limited – its a simple, straightforward process. To open your HUF demat account, you'll need to complete the application form and provide necessary documents, including PAN cards of the HUF and Karta, address proof, bank statements, and a HUF declaration deed.