Upstox should allow pledging of mutual funds for additional margin towards option trading. All the other top brokers allow it, so if Upstox wants to stay at the top of the game they need to allow this, otherwise I am afraid a lot of loyal customers including myself will be forced to switch brokers.
Hi @Akshit_Mahajan,
Thanks for your feedback! Our team is already working on it.
Also, we are happy to inform that very soon we will also allow mutual fund pledging on our platform. Stay tuned.
Hi Ushnota,
That sounds promising, thanks for the update. Any tentative timelines by when this feature will be released?
Best,
Akshit
Hi @Akshit_Mahajan,
Itâs in the pipeline and should be live by the end of October. We appreciate your patience and understanding. Donât hesitate to reach out to us in case you have any other query. Thanks!
Hi @Akshit_Mahajan,
Weâre excited to announce that Upstox users can now pledge mutual funds to receive collateral margin!
You have over 450+ scrips currently available and we are actively working on expanding this list to include even more scrips very soon.
Happy trading!
Your pledge list Excel has zero MFs, where is the list of cash eq mutual funds available?
@Ushnota
Hi @Ankit_Agarwal,
Please note that Mutual Funds are available in the list. You can check the list of eligible scrips on the margin pledge portal - Upstox Accounts
However, currently there are no cash equivalent MFs in the list. They are in the process of being added and will be available super soon. Appreciate your patience.
Whatâs the ETA to add Gilt cash eq mutual funds or ETFs to the list?
Without these effectively the platform canât be really used for any option selling.
Hi @Ankit_Agarwal,
We have recently started MF pledging and we are in the process of adding cash equivalent MFs. You can expect cash equivalent scrips to be added in the list very soon.
That doesnât help. Please share at least a month or quarter estimate. âVery soonâ is too vague to plan any thing.
Hi @Ankit_Agarwal,
It will be done this month. Thanks.
@Ushnota Could you please have the Trading symbol added to the pledge list as well. In its current state its hard to find a specific symbol in the sheet. For example, NiftyBees, which is a popular ETF doesnât show up in the list as NiftyBees, rather shows as below which makes it impossible to find unless search it by ISIN. Adding the trading symbol will make the search much more convenient.
Hi @Akshit_Mahajan,
Thank you for your suggestion! We will definitely take this into consideration and try to incorporate this.
Hi @Ankit_Agarwal,
Please note that 5300 Mutual Funds have been made eligible for pledging as of 8th Nov. Do check them out!
hi @Ushnota please update this thread if cash equivalent MFs are updated on upstox.
any timeline on when we can expect cash equalent Mfs?
Hi @Ashok_k,
As of 8th Nov, 5300 Mutual Funds have been made eligible for pledging, out of which 545 are cash components and 4749 are non-cash components.
You can check them all here - Upstox Accounts
Let us know in case youâve more questions, thanks.
@Ushnota You have mentioned that 545 MF are cash components, Yet I dont see any cash mutual funds in the excel. Can you clarify?
Hi @Akshit_Mahajan,
This is unusual. Let us check why thatâs the case. We will get back to you soon with an update, thanks.
Hi @Akshit_Mahajan,
Please check the list once again after 5PM today and you should be able to see the cash components as well in the list. Thanks.