I was surprised to know that Fyers do not accept Sovereign Gold Bonds (SGB) for pledging. It is rather assured by RBI itself and I fail to understand the logic behind not accepting SGB.
Anyone who can explain the rationale... (More)
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PLEDGING SGB
@Tejas Khoday @Vanshika Singh @Gopal Kavalireddi
DOES FYERS ALLOW PLEDGING SOVERIGN GOLD BONDS ?
AND IS IT CONSIDERD AS CASH COMPONENT ??
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Hey @Satheesh Chandran7,
ELSS funds have a lock-in period of 3 years which means you cannot withdraw your funds before 3 years.
Hence you cannot pledge your ELSS funds.
Hope this clarifies!