Ramesh Damani says: “If you are young and you have children who are below 5 or 10 years or your grandchildren as in my case, open a Demat account and start investing for them, your money will get clubbed with them in the capital gains but try and buy stocks for 10-20 years and remember that until you sell it there is no tax consequences. So, the money can grow unimpeded, compounding over long periods of time.”
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