Can i pledge my Mutual funds in NJ Wealth for trading FnO in Finvasia

General
1

I want to use my Mutual Funds as a collateral margin for FnO trading on Finvasia, is it possible? Can it be done through CDSL?

2

Yes

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3

I forgot to mention, mutual funds are with NJ Wealth, can it be used for margin through CDSL without transferring the mutual funds?

4

You’ll have to dematerialize them and transfer it to the CDSL account with Finvasia.

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5

As this is a bit new for me when it comes to pledging, can u please help? The more I am doing research on it, the more I am getting confused,

I can share my social networking details, so u can help. Thanks in advance.

6

Yes, I can help you with this.

I normally use Zerodha and they have a list of securities available for pledging - Approved list of Securities.

These are the securities approved by the clearing corporation. In the new pledging mechanism, the securities stay in your demat account and just a ‘pledge’ is marked against it.

But, since your MFs are in physical form, you’ll have to first get them dematerialized. You can go through this page for more info - Understanding the new margin pledge system — effective Aug 1, 2020 – Z-Connect by Zerodha Z-Connect by Zerodha

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7

Instagram ID - Psakode

Request you to ping me or share yours, thanks. This will be indeed helpful.