Hi there can i Pledge external funds linked to upstox or i need to sell those external MUTUAL/INDEX FUNDS and buy them again here in upstox.
And if mutual funds are bought in upstox can these collateral pledged margin be used for MIS intraday trading and still avail 4x margin.
Example Mutual Funds bought in UPSTOX
Pledged as collateral
Can this pledged be used for INTRADAY EQUITY TRADING and still avail 4x margin.
I have 10000 pledged mutual/ index funds
Can i use this collateral to trade in EQUITY
For value of 40000 in MIS orders(intraday)
You cannot pledge external mutual/index funds. We recommend transferring them to Upstox to avoid exit load or tax implications.
And yes, once pledged, the collateral margin can be used for MIS (intraday equity) trading, and you can avail up to 4x margin based on the haircut applicable.
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Any cash component needed or full 100% of pledge can be utilised?
Question 2 can i pledge
HDFC INDEX SENSEX/ NIFTY 50 fund for the same???