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Different Investments under Child's name.

edited May 2014 in Advisor
Presently we have investments under HDFC Children Gift Fund.
Under this, till the child attains age of 18 years, all investments will be under father's name and PAN No.
All capital gains / losses will be under father's name till child is minor.
However, once child becomes of age 18 years, all investments will be transferred on his name and his PAN No will be registered in KYC.

How to transfer all investments under father's name to child's name (which is under new portfolio) ?

Comments

  • You will need to delete transactions from one portfolio (father's portfolio) and enter again to child's portfolio. There is no feature to transfer transactions from one portfolio to another.
  • Ok, then it is better that we map investments on child's name in his portfolio.
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