Why Liquidbees, liquid Mutual funds showed as cash component in Collateral and now its also removed from 10th Oct 2022? NSE approved these and all other brokers approve liquid funds as cash except Fyers now? Why this sudden change? In the notice you didnt talked about liquid funds and that notice is unclear in your stand in considering liquid funds as cash collateral from client. Make a clear statement on your plans so that I need to decide if to switch to other broker by unpledging my 20 lakhs liquid funds.
Where am I?
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I am facing the same problem. See my post below:
https://community.fyers.in/post/liquid-debt-funds-not-accepted-as-cash-equivalent-63440a17a0afb0f2d9e5953b
As per the new Collateral policy at Fyers, Liquid and Debt Funds are not considered as "Cash Equivalent"
No warning was given and the communication since the change is unclear on if and when the policy will be reversed
If this is not reversed, users will have to shift to other brokers