SBI Focused Equity Direct plan is not in the list of funds provided by clearing corporation. You can check the list by going there. Zerodha doesn’t have any say here.
We’ll add it to the current month’s approved list.
The clearing corporation hasn’t allowed pledging of some of the direct funds where as the regular schemes of the same fund are allowed. We have already reported such cases to the clearing corporation and requested them to allow pledging in such schemes.
Could you add Kotak Nasdaq 100 FoF direct fund? I still don’t see it.
This has been added to our approved list now. You should be able to pledge it for margin.
@Nakul @siva IDGIF2027G ( IDFC Gilt 2027 Index Fund) is part of the list of pledged MFs in the latest NSE circular. But the direct plan is not yet enabled at your end. Pls do so at the earliest
Checking this with our team. It should have been updated here.
@sandy7 the direct plan is not approved by the clearing corporation yet. Only the regular plan is allowed by them. We’ll add it to our approved list as soon as the clearing corporation allows margin pledge in the security.
@Nakul Can you pls flag this to the CC to have it included ? It’s quite illogical to have the Regular and not the Direct Plan for pledging
Yup, we’ve already reported this to the clearing corporation (CC). There are other AMC funds as well where only the regular schemes are allowed. We’ve requested them to review and all the direct schemes as well.
These securities are yet to be approved for margin pledge by the clearing corporation (CC). We will accept pledge requests in these securities once the CC has approved them.
@Nakul, the SGB Jan 2029 edition (ISIN: IN0020210236) have been been approved for pledging in the circular NCL/CMPT/51383 which came out on February 21st, but haven’t been added to the March pledging list of Zerodha. Please update it.
hey @SachinSingh, our list of approved securities will be updated today. You should be able to pledge this from tomorrow.
I second this. This instrument appears a bit safer than a stock.