Karta on WebNotes

How to open a Zerodha HUF account

Tue, 12 May 2026 00:00:00 +0000

This guide explains how a Karta can open a demat and trading account in the name of a Hindu Undivided Family (HUF) with Zerodha, covering documentation, the HUF declaration deed, and segment eligibility.

Step-by-step procedure

Step 1: Obtain HUF PAN and HUF bank account

Before approaching Zerodha, the HUF must have two things in place:

HUF as MF investor

Tue, 12 May 2026 00:00:00 +0000

A Hindu Undivided Family (HUF) as a mutual fund investor is a distinct legal entity under Hindu personal law that may invest in units of SEBI-registered mutual funds in its own name. The HUF is neither a company nor an individual; it is a joint family body recognised under the Income Tax Act, 1961, as a separate assessable person. The Karta, the senior-most male or female member who manages the HUF, acts as the authorised representative for all investment and redemption transactions.

Zerodha HUF account

Mon, 11 May 2026 00:00:00 +0000

Zerodha HUF account is a trading and demat account opened in the name of a Hindu Undivided Family (HUF) by Zerodha for the purpose of managing the HUF’s investable surplus in Indian financial markets. The account is operated by the Karta, the senior-most male member of the HUF, or in certain circumstances the senior-most female member, who acts as the authorised signatory and representative of the HUF entity. The HUF is a distinct legal person under the Hindu law and under the Income Tax Act, 1961, and is therefore entitled to hold a separate demat account, obtain a separate PAN, and file an independent income tax return.