Am surprised collateral pledged margin is not allowed when using Orbis.
I see numerous requests for the same in the community for the past two years.
Still no action on this.
I had a word with Orbis team and say that this is no rocket science and just that its operational inefficiency.
Just that Zerodha is not looking into this.
Why does Zerodha turn a blind eye to this issue?
It might be complex to implement but it’s a basic thing to ask.
Does Zerodha really want me to trade with liquid cash when already NSE writes that just 10 percent of traders are profitable and by this, I’ve got an extra 8 percent per annum to fight for because I cant pledge my cash collaterals.
Sorry about the delay. We are working on a solution and hoping to go live on it in the next month. Since the ETA has been delayed in the past, we have refrained from sharing it unless we are actually live.
The securities available for pledging includes SGBs but the SGBs which are available for pledging depend on the limits assigned by the Clearing Corporation and already utilised by a stockbroker. For eg, you can check this sheet for the SGBs you can currently pledge through Zerodha.
I hope Zerodha is going to expedite the process of enabling the Collateral Pledged Margin feature in Orbis as it is completely pointless to switch to Orbis without that basic feature.
Its almost been more than a year and still no update so far.