How much collateral does fyers provide and what are the assets in which it is available(ex Fixed deposit, Liquid funds, Stocks). Also how much of that margin can we actually use for trading like in zerodha if you pledge your Shares/equity you need 50% cash component? Thanks in advance
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Thanks to Fyers for allowing whole margin in the form of Collateral and zero need of cash margins.
You will get everything under Support/support portal in fyers.in.
Pl see link https://public.fyers.in/haircut-mf/index.html for hair cuts-margin given on mutual funds and https://public.fyers.in/haircut-mf/index.html for securities.
unable to reply about Fixed deposit, Liquid funds in detail.
One most valuable facility given by Fyers is that they dont charge for pledging and unpledging. They have now reduced their Haircuts sizeably.
One odd thing that they accept security when value of single script is more than Rs 10000/- and the haircuts in case of ETFs-Gold are much higher than their peers . And they need to pay more attention to approval of requests obtained for upgradation to EASIEST from EASY platform of CDSL. Hope in near future , Fyers review the 10k and ETF collateral.
I dont see ICICI bank and some voluminously traded securities in their haircut list yet.
Hi.. can we pledge Fixed Deposits please.. on the pledge portal, FD's are not listed(only our stock holdings and MF can be pledged it seems), please suggest, thanks.