Niftybees plegde

[po191391]

Collateral margin received against pledge of liquid bees, will be considered as cash equivalent. So if you have collateral margin of Rs 70000 from pledging liquid bees, you can take a position upto 70000 and not be charged interest . Is it applied to niftybees as well or for niftybees 50% of margin should be in cash for overnight position.

[VenuMadhav]

NiftyBees aren’t considered to form part of the cash component by the Exchange, hence you cannot receive the same benefit that you would receive for Liquidbees/Liquid Mutual fund.

These are the only instruments considered part of the cash component.

[po191391]

Ty sir