Is it possible for me to pledge mutual fund which i bought directly from teh fund page : Ex: Nippon India Mutual fund
I had invested in that around 2008 directly .
if yes , how do i do that . If no whats the alternative slution
You can only pledge Mutual Fund that are in your Demat account.
If your Mutual Fund is Direct, you can transfer it to your Zerodha Demat account, you can know more here. If you Mutual Fund is regular then you can redeem your investment and start afresh on Coin.
I am not getting option to pledge L&T EMERGING BUSINESSES FUND - DIRECT PLAN and TATA INDIA CONSUMER FUND - DIRECT PLAN in my console, they do appear in the list of allowed mutual funds to pledge.
Same here, sbi Magnum medium term fund
The SBI Magnum Medium Duration fund is available for pledging, you can check the complete list here.
The plans on the list are Regular Plans, Direct Plan of this fund is not yet available for pledging.
I have also noticed that for a typical mutual fund its REGULAR fund is available for pledging where as its DIRECT plan is not available. I am finding hard to understanding the reason for this?. Pl explain, if you know it.
For eg: SBI Small cap mutual fund - Growth. Its REGULAR plan is available where as DIRECT plan is not available for pledging from the sheet https://docs.google.com/spreadsheets/d/1vRI4NKpJ-3mnOWxUhSRMSQD5txy8QNumzSQrdfGKyL0/edit#gid=0.
I checked the same today as well.
I am holding ELSS funds which have surpassed the 3 year lock in requirement i.e. I have been holding them for more than 3 years. Is there a way I can pledge them with Zerodha for Margin ?
ELSS Mutual Fundâs cannot be pledged. You can check the list of all the securities which can be pledged here.
The main argument for not allowing pledging of ELSS is the lock in period. Shouldnât the units which are free from the lock in be allowed to pledge for margin ? Can @nithin and his team figure out a way if this is possible? Thanks.
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@nithin @ShubhS9
I have purchased MF units on the AMC website and held in other Demat not in Zerodha, Still, can I pledge through Zerodha?
The security that you are about to pledge should be present in your demat account.
No. The units should be in your Zerodha demat account for pledging.
Is it Possible to Get a Loan for the MF which is held in Other Demat? Through the Zerodha Capital?
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@ShubhS9 lets communicate with clearing corporation to pledge REIT and INVIT , then its will be a super product
No. Through Zerodha capital, you can pledge the mutual funds which are available in your Zerodha DEMAT account only and avail a loan against it. For more information regarding the same, refer to this link. You can post/raise a ticket here if you have more queries regarding Zerodha capital.
@nithin @siva can I pledge units of mutual funds bought from the respective fund house and not from coin app with Zerodha?
I m axis bank 50L worth MFs but not able to find ways to pledge it
You will have to transfer these mutual fund units to your Zerodha account before pledging. You can check out the process here: How to transfer mutual funds from other platform to Coin?