Under what circumstances is a pledge invoked?
If you’ve traded with the pledged margins and incurred a loss, your account will show a debit balance (Negative balance). You’re required to clear such debit balance by transferring additional funds in cash. If you do not add the funds, our risk team will invoke the pledge and sell your holdings to recover such losses. However, the above said action will be taken only after intimating the same to you over the call and Email.
Note: If you’ve any open positions, the same will be squared off by our RMS before invoking the pledge.
Can I buy Mutual Funds and pledge to get collateral?
Yes, you can invest in Mutual Funds and pledge them to get additional margins to trade in the F&O Segment. However, not all mutual funds are accepted for pledge. For the list of Securities and Mutual Funds that are available for the pledge, click ...
How can I place a pledge request in FYERS?
Now you can pledge all your NSE Approved Securities and Mutual funds online through OTP. The step-by-step procedure of the same is as below: Go to pledge.fyers.in and login with your FYERS credentials (If you’ve already logged in to FYERS Web then ...
What is a Haircut and how does it impact the pledge margin?
Haircut is the difference between the Market value of the securities and the value available after pledging such securities. Haircut is deducted to account for the uncertainties in the market. For Instance, A client, Mr X, has 1000 Qty of Reliance ...
How do ELSS funds help in saving Income Tax? Can I Pledge it to trade in F&O segment?
Equity Linked Savings Schemes (ELSS) under section 80C of the Income Tax Act, 1961. These schemes are growth-oriented and invest pre-dominantly in equities. Their growth opportunities and risks associated are like any equity-oriented scheme. ELSS can ...
Can I pledge my Fixed Deposit to trade in F&O contracts?
Currently, Fixed deposits are not available for pledging to trade in F&O due to operational and reconciliation constraints. However, we might come up with such a facility in the future. You can check out the list of approved securities and Mutual ...