Currently only these are offered, we intend to include other type of mutual funds in the future as well.
Why only growth for liquid is because reconciling dividends is quite a tough process. All dividends we will have to shift from our pledge to your bank account regularly, quite a painful and operational heavy/risky process.
When you pledge the security, doesn’t it move from your demat account? So if it moves, you are no more the owner of the security. Which means dividend will not be credited to your bank account, but it will be to our account as the security will be lying under our name.
But that said, the recent SEBI circular has made changes to how pledging works in India. From June 1st onwards, security will continue to lie in your demat account. Once that happens, we can allow anything to be pledged.
Already Nithin told same thing one year earlier. Not happened yet. Query is to understand from when positively multicap and large cap will be allowed.
As both asset classes of MFs are both stable. So, blindly can be invested for corpus. If given will be greatfull.
The way stocks and securities can be pledged is going to change very soon. Unlike now where the security moves out of your demat, it will continue to remain in your demat pledged. Once this happens, we can accept MF’s as well very easily. It was supposed to happen by June 1st, but might take another month with this lockdown.
What does DR,DP and GR means in this report attached? Does Zerodha accept all these MF’s as pledge ? Where can I get proper names (Symbols for these securities) ?
Also why not does Zerodha accept Bank FD as collateral ?