When will ZERODHA NIFTY LARGEMIDCAP 250 INDEX FUND be available for pledging?
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Once the Clearing Corporation provides approval for the ZERODHA NIFTY LARGEMIDCAP 250 INDEX FUND, you’ll be able to see it in the list of approved securities for pledging.
You can learn more about pledging here.
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Is there any specific time for the approval?
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@koushik_mansanpally, As per Clearing Corporation, a new fund, after it got listed, has to mandatorily complete 3 months from listing to get into the CC’s approved securities list. Along with this, there are a few internal parameters of the CC that a scheme has to fulfill for it to be included in the list.
We will follow up with CC upon completing the 3 months to include our fund house schemes in the approved list. Learn more .
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It is now part of the CC’s pledge list and will become useable for pledging from 1st March 2024. You can check the circular (Annexure 5) for reference -
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