Purchasing mutual fund with zerodha balance

General
1

Can I purchase mutual funds with zerodha balance. Purchasing them through net banking is very tedious. First I have to withdraw balance which will take 1-2 days, then place order for purchase.

Also, is LTGILTBEES not available for pleding now? On Friday, I checked zerodha approved securities list but now it has vanished

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2

No, MF payments go directly from your bank to ICCL without broker or other intermediary. :money_with_wings:

You can purchase the equivalent ETFs though! :white_check_mark:

3

I buy MFs directly from concerned AMC websites. They allow UPI payments. Not aware if Zerodha allows that or not

4

if you buy directly from AMC site, you will not be able to see them in Coin, unless you convert them into demat format - and converting them has charges.

5

Why would I want to sell on coin when I can sell directly on AMC website free of cost. Selling on coin will attract CDSL Debit charges, STT etc

6

There are no charges for selling on Coin.

CDSL charges debit of around ₹5 but I think Zerodha pays this bill, so it’s free for you.

STT will be there in non demat mode also

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7

Thanks for clarifying my misconceptions. I rechecked and found you’re correct

8

I like to keep it in demat.

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9

Unfortunately Pledging limit has been reached there

10

Which ETF?

11

Ltgiltbees, ltgiltcase and other gilt related

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12

@siva In “download csv” here Approved list of securities that can be pledged for margins – Zerodha

Please provide entry for data even if limit is breached. Right now the column “LIMIT breached” is useless, if you just remove the entire row entry.

13

@sunils ++

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