Few weeks back we launched pledging of shares and equivalent scrips (Introducing: Pledge Shares for Margin Benefit) to extend more margin benefit to traders on Dhan. This pledge margin benefit helps traders a lot in risk and money management, and of course reduces the requirement of upfront capital when one has Shares & ETFs in their portfolio holdings…
We haven’t communicated much on this earlier, Dhan provides best in class pledge experience to its users - unmatched in the industry.
Some key highlights -
Margin benefit from Pledge is available on all segments - Equity, ETF, Futures & Options (Buying & Selling), Commodities and Currency.
Pledge Benefit you get across all exchanges - BSE, NSE and even MCX.
Pledged shares always appear in your portfolio, and hence your portfolio will show your true value always.
Pledge on Dhan is instant, and the pledge benefit is available for you through the entire trading week.
In-line unpledge, when you sell a pledged stock - it is unpledged in the sell request itself automatically. There is no need to first unpledge, and then pledge it again.
Pledge benefit is always available in real-time, and you can see hair-cut on every scrip in real-time as well.
Users can also pledge Exchange Traded Funds (ETF) & Sovereign Gold Bond (SGB) and get margin benefit, both in cash equivalent and non-cash category.
Following are the list of top pledged ETFs & SGBs, (as of April 2022).
Please note that Dhan Haircut is subject to change as per the exchange haircuts and our RMS policy. Please check this sheet for current haircut %
Cash Equivalent ETFs-
Name
NSE Symbol
BSE VAR
NSE VAR
Dhan HairCut
ICICI Prudential Liquid ETF
ICICILIQ
8%
8%
8%
DSP liquid ETF
LIQUIDETF
8%
8%
8%
Nippon India ETF Liquid BeES
LIQUIDBEES
8%
8%
8%
Motilal oswal 5Y G-Sec ETF
MOGSEC
12.5%
12.5%
12.5%
Nippon India ETF Long term Gilt
NETFLTGILT
8%
8%
8%
LIC MF G-Sec Long Term ETF
LICNETFGSC
8%
8%
8%
SBI ETF 10Y Gilt
SETF10GILT
12.5%
12.5%
12.5%
Nippon India 5Y Gilt ETF
NETFGILT5Y
12.5%
12.5%
12.5%
Top Non-Cash ETFs-
Name
NSE Symbol
BSE VAR
NSE VAR
Dhan HairCut
Bharat Bond April 2023 ETF
EBBETF0423
8%
8%
8%
Bharat Bond April 2025 ETF
EBBETF0425
8%
8%
8%
Bharat Bond April 2030 ETF
EBBETF0430
8%
8%
8%
Bharat Bond April 2031 ETF
EBBETF0431
8%
8%
8%
ICICIPrudential Nifty ETF
ICICINIFTY
9.25%
9.27%
9.27%
Nippon India ETF Juinor BeEs
JUNIORBEES
9.29%
9.31%
9.31%
Kotak Nifty ETF
SETF10GILT
8.85%
8.86%
8.86%
Motilal Oswal NASDAQ 100 ETF
NETFGILT5Y
10.04%
11.17%
11.17%%
Nippon India ETF Nifty BeES
KOTAKNIFTY
9.22%
9.23%
9.23%
SBI-ETF Nifty 50
SETFNIF50
9.29%
9.31%
9.31%
Nippon India ETF Nifty Midcap 150
NETFMID150
10.58%
10.57%
10.58%
Cash Equivalent SGBs-
NSE Symbol
BSE VAR
NSE VAR
Dhan HairCut
SGBAPR28I
10%
10%
10%
SGBAUG24
10%
10%
10%
SGBAUG27
10%
10%
10%
SGBAUG28V
10%
10%
10%
SGBAUG29V
10%
10%
10%
SGBD29VIII
10%
10%
10%
SGBFEB24
10%
10%
10%
SGBFEB29XI
10%
10%
10%
SGBJAN29IX
10%
10%
10%
SGBJAN29X
10%
10%
10%
SGBJU29III
10%
10%
10%
SGBJUL25
10%
10%
10%
SGBJUL27
10%
10%
10%
SGBJUL28IV
10%
10%
10%
SGBJUL29IV
10%
10%
10%
SGBJUN27
10%
10%
10%
SGBJUN28
10%
10%
10%
SGBJUN29II
10%
10%
10%
SGBMAR24
10%
10%
10%
SGBMAR25
10%
10%
10%
SGBMAR28X
10%
10%
10%
SGBMAY25
10%
10%
10%
SGBMAY28
10%
10%
10%
SGBMAY29I
10%
10%
10%
SGBMR29XII
10%
10%
10%
SGBN28VIII
10%
10%
10%
SGBNOV23
10%
10%
10%
SGBNOV24
10%
10%
10%
SGBNOV26
10%
10%
10%
SGBNV29VII
10%
10%
10%
SGBOC28VII
10%
10%
10%
SGBOCT25IV
10%
10%
10%
SGBOCT26
10%
10%
10%
SGBOCT27
10%
10%
10%
SGBOCT27VI
10%
10%
10%
SGBSEP24
10%
10%
10%
SGBSEP27
10%
10%
10%
SGBSEP28VI
10%
10%
10%
SGBSEP29VI
10%
10%
10%
Please note:
This list is as of date in April 2022, and this may change from time to time. For real-time benefit, you are requested to see this directly in the app or web.
hi @amit Dhan collateral Haircut in LIQUIDBEES is same as Exchange define haircut in approved security list, Exchange allowed limit to broker on this haircut only you can refer here… ( * Haircut for Approved Securiites(csv)
Hi @riyas2831 for cash equivalent you need to pledge cash equivalent ETF , Sovereign Gold Bond and Gsec.
Money market instrument are not accepting for Pledge…
the haircut in web/app is updated everyday in the morning, and percentage haircut you are seeing there is latest. The formula we use to decide haircut on pledge is maximum of exchange VaR + ELM and exchange approved haircut. https://www1.nseindia.com/content/equities/APPSEC_COLLVAL_26042022.csv
Is Liquid funds and MMF in pipeline ?
i am only having these.
Liquids bees and other ETFs that trade have fix price have problem of unit payouts.
One cant keep pledging accumulated units and their returns suck as well.
Best is to use direct-Growth funds and not have to look at them again.
