Margin against Fixed Deposit and MF

Hi !

I did not quite understand :slight_smile 1. exactly which ISINs are eligible for Margins 2. Are Gold bonds also eligible 3. how do i buy GSEC?

axis liquid fund
birla liquid fund
franklin liquid fund
reliance liquid fund
hdfc liquid fund , these fund are available for margin , go to coin and buy

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Is this all good ?

In liquid fund space Birla liquid fund is good one in portfolio and returns , Birla hold 200+ securities and returns are 7.36%

What is maximum drawdown a liquid debt fund can face or has faced? If I look at its equity curve, it’s upwards slope with no pullbacks.

I have bought ABCL Liquid fund on 3rd. The same is not available in console for pledging.

Support is saying it can not be pledged. This is bad situation and my money is blocked.

Service req no 20191005646555

Only the following ISINs can be pledged for now:

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There were a couple of liquid funds by Union and LIC, if I remember correctly which fell about 2-3% during the IL&FS crisis. A handy rule of thumb when it comes to investing in a liquid funds is always choose a fund which has the highest AUM. These funds are extremely diversified which reduces the impact of defaults, which are highly unlikely in well managed funds.

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Based my experience, the timeline for liquid fund is

  • Buy fund on day T before 1.30 PM
  • Fund is allocated on day T+1. It appears in COIN and portfolio on Kite on day T+1 by afternoon. But it does not appear in console.
  • It appears in Console portfolio on T+2. You can pledge it only after this.

The delay in availability of this fund in Console portfolio is bit strange, but not sure if Zerodha will do anything about it. I believe updating of Console data is done at night??

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In the text format.

Symbol ISIN Scheme Name
AXISCFDG INF846K01CX4 AXIS LIQUID FUNDDIRECT GROWTH
B153GZ INF209K01VA3 Aditya Birla Sun Life Liquid Fund - Growth-Direct Plan
FILFDSIPGP INF090I01JV2 Franklin India LiqFund - Super Inst Plan - Direct
HLFGTGR INF179KB1HP9 HDFC LIQUID FUND-DIRECT PLAN-GROWTH OPTION
IPRU8096 INF109K01Q49 ICICI Prudential Liquid Fund - Direct Plan - Growth
RELLTPDPGP INF204K01ZH0 Reliance Liquid Fund - Direct Growth Plan - Growth Option
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This is complete format.

@VenuMadhav any reason that console is not updated even after allocating mutual fund units ?

@siva I bought the Nippon Liquid Fund which is on the list 10 days back. Not able to see it in console holdings even after more than a week! How can I pledge it then. Support is highly unhelpful…

You can create ticket here, doing support is really tough if everyone start posting here, also that would kill the point of having this forum.

You can create ticket here..

Can we use pledged MF’s for margin againt CDS?

@siva @VenuMadhav Please let us know in this thread if any more mutual funds allowed for pledging. Currently few liquid funds are allowed.

And thanks for providing mutual funds pledging which is seamless.

None other than the Liquid funds listed above.

Yes, you can.

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Yes by using liquid mutual funds listed in this group.

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