I have 7 lakh of SBI magnum gilt . I want to pledge that. So after pleging i can buy nifty options? Or only selling?. Also i want to know if it is possible to sell gold options in MCX with that margin.
Hello @Sachin_Raju,
Under the MTF product type the pledge margin is provided, it remains blocked since margin is already extended against the pledge. Therefore, you will not receive any additional margin for trading.
Also, once you pledge your holdings, the margin can be used across all segments. Just make sure to maintain the negative ledger balance to avoid ageing based square-off
Yes, after pledging you can do any type of options and futures.
When you buy options, the full premium amount must be paid in cash only — pledged mutual fund margin cannot be used for buying options. Right?
With Dhan pledged margin can be used for buying options also.