Cash equivalent mutual funds is a joke here in Fyers. I am surpriced to know that internally they modified cash equivalent mutual funds as not really cash equivalent without any notice.
Pathetic service.
Where am I?
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Cash equivalent mutual funds are accepted as cash margin by all brokers including fyers earlier. But it's something bothering to me too as I was about to open with fyers thinking they have cash margins on liquid funds. Please update what support says here or else I will go with other broker.
Hi @GVN crafts,
We will consider cash equivalent soon. We request your patience!
Hey @GVN crafts,
We’ve made changes to the Cash to Collateral policies that will be in effect from 21st October 2022 (Today). In this new policy, clients need not maintain 50-50 Cash to Collateral margins. Kindly refer to this notice for more details!
Hi @Suresh Kumar,
As per our new policy, we are not accepting cash equivalent as cash. This is due to some limitations, we are not able to provide you with this facility. We will consider cash equivalent soon. We request your patience!
Can we expect this in a month? Or it takes more time than a month? If it takes more than a month, then I will be losing many trade opportunities and so I may need to shift to other broker. So, a tentative date from when this will be considered as cash equivalent is what all we need now.
Hey @Suresh Kumar,
We’ve made changes to the Cash to Collateral policies that will be in effect from 21st October 2022 (Today). In this new policy, clients need not maintain 50-50 Cash to Collateral margins. Kindly refer to this notice for more details!