I am a salaried person and have invested in Mutual Fund through SIP for tax saving and in other Mutual Fund which does not provide tax benefits. Now I would like to start investing in ETF funds and shares also. For that I need to have a demat account.
I was thinking of opening demat account in my wife’s name (she is housewife) and start investing. My query is whether it is right to open demat account in her name and start investing. What will be pros and cons (tax wise mainly), by investing in her name.