Can I invest with a HUF account?
Yes, you can create a HUF account with Glide Invest. However, the setup needs to be done manually through our customer support team. Once the account is setup, then all transactions can be done through the app just like a normal user. By forming a Hindu Undivided Family, you can optimise your tax liabilities and also enable your family members to benefit from these investments in the future.
Step-1: Signup on the App
Create an account on Glide Invest App using Karta's valid email and mobile number. Make sure you verify the email once sign-up is complete. All official communication (including transaction emails) will be sent to this registered email.
Step-2: Get Investment Ready
This needs to be done offline through our customer support. Please collect the following in electronic format for your HUF account and mail them to firstname.lastname@example.org.
Karta’s PAN (PAN must be KYC verified)
Filled "Fatca Declaration Form" (see attached)
HUF Account cancelled cheque with Karta's name printed on the cheque
Nominee details (Name and DOB of nominee. If Nominee is a minor, then also share name of nominee's guardian)
Relationship with Minor
DOB of Nominee (DD/MM/YYYY)
Is Nominee a Minor? (yes/no)
If yes, then Nominee Guardian’s name
Karta’s signature (image of signature signed on blank white paper)
On successful submission of the above document, our support team will examine them from our end and revert back to you if we find any discrepancies. Next, we will create the Account Opening Form (AOF) along with the Ultimate Beneficial Owner (UBO) document and send across the same to the mentioned address proof.
For the HUF account, the AOF and UBO need to be signed and stamped before being uploaded onto BSE Star. You will need to do the needful and mail the form back to our offices.
Step-3: Await Final Approval
We will onboard you from the backend and notify you once your HUF account is successfully created. It typically takes 3 working days to get approved by the BSE Star team.
Can I create an account for a minor?
Yes, you can create an account for a Minor with Glide Invest. However, the setup needs to be done manually through our customer support team. Once the account is setup, all transactions can be done through the app just like a normal user. Step-1: ...
What does Get Investment Ready on the app refer to?
Get Investment Ready section on the app refers to five easy steps that every investor must go through before they can start transacting in goals and funds. We require this information to register you with our technology partner, and also share the ...
Can I invest from a bank account that belongs to a family member or a friend?
No, as per SEBI regulations, you are only allowed to invest through your own bank account.
Who can invest through Glide Invest?
Any individual over 18 years of age with an Income Tax department issued Permanent Account Number (PAN) can invest through Glide Invest. Once you signup, getting investment ready is a simple 5 step process. If you have already invested in a mutual ...
Will Glide Invest have access to my bank account?
No, we do not have any access to your bank account. We are just the links between your bank account and the mutual fund house. Please note that we use BSE for reporting the transactions to the AMCs. When you purchase units of mutual funds, we ...