Thank you for adding list of MFs for pledging.
But haircut is a big problem. In upstox it’s 25% for all MFs whereas other platforms are offering only for 9-10%.
Also for equity haircut is way to high 20% is a minimum, on other platforms range is 8-12%
In this competing market u shud consider this to reduce the haircut.
Hi @Nobble,
Thanks for your feedback. This is already under progress. Will let you know once it’s done.
Thanks @Ushnota
Please update here only.
Hi…
Pls let me know can I buy equity shares delivery based by pledging mutual funds. Pls understand my point Suppose I bought mutual fund of cash component of 50000/- and non cash equivalent of 50000/- and pledged both after that I will receive margin of 90000/- (Approximate). Can I buy delivery based (CNC) equity shares from received 90000/- margin? Without any further cash (As I have already pledged cash equivalent mutual fund collateral)
Welcome to the Upstox Community!
Yes, you can buy shares upto 90,000/-. You can read more details on the implications and scenarios post that, here: Margin usage for equity delivery - Upstox Help Center
Let us know if you need any other help, thanks.
hello
can i used pledge amount to trade in commodity??
@PRATEEK_1232201 - We are planning to release this feature in a phased manner and all Upstox users would be able to use collateral margin for commodities within the next 2 weeks. Stay tuned!