Mutual Fund Pledging In Dhan

Hi @PravinJ ,How to Pledge nippon india nifty 50 index fund.
I bought 2 days back. It still shows. Not eligible to pledge.

Hi @Puran_Singh

Welcome to the MadeForTrade Community

We see that you purchased Nippon India Nifty 50 ETF on July 8th, 2024. Hence you can pledge it tomorrow, as per the settlement timeline of T+1 working day.

Hope this clarifies.

We ae asking this feature since opening but looks like dhan is unable to provide it

Hey @dvpandya90 & @peeruverma09 ,

The idea behind launching the SOA format of mutual funds was keeping in mind the interests of majority MF investors whose primary use case is simply investment and not pledging. SOA format also provides access to a few features that are not available currently in the demat mode.

That being said, as mentioned earlier, we are working towards making the pledging feature available for mutual funds soon. We will surely keep you updated on further developments.

Thanks,
Pranita
Product @ Dhan

Dhan is exceptionally gud.
Infact I wanted to shift my entire portfolio from xyz to dhan as xyz does not provide margin benefits whixh can be used across all segments. But the only constrain is that mutual fund can’t be transferred from demat to SOA format.

If Dhan provides pledge margin benefit on mutual fund nothing like it.

Let’s see if Dhan provides demat form of mutual fund and pledging mf first or XYZ broker provides margin pledge benift which can be used across all segments like dhan.

Hi @SALEEL Something on that lines is planned for, its on our list of things to do!

Too much pressure sir @thisisbanerjee :smiling_face_with_tear:

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Sir,
At least some time frame

Regards

Eagerly waiting to pledge Mutual Funds on Dhan

If Dhan wants to capture the broking space and become the biggest player, demat MF should’ve been the 1st implementation as it is sacrosanct to Option sellers instead of SOA format which even non-brokers like Kuvera have already done years back.

2 Likes

Any updates?

Any update on MF pledging??? This feature is really important.
I might have to shift to the other broker that allows this.

Zerodha, AngelOne both allows afaik.

@Dhan team,

Any updates on this? Sorry for sounding rude but is it usual will be implemented in few more weeks? :frowning: Have heard same sentence being said since last year and i’m not seeing anything.

I agree totally with @Shivang_Tripathi https://private-poc.madefortrade.in/t/mutual-fund-pledging-in-dhan/22329/37?u=valueinvestor0. Till MF pledging goes live+MF units in demat format a lot of F&O traders won’t even give a look at Dhan. Kindly give a realistic timeline (we all don’t live forever, so better to give a timeline) so that people on Dhan could plan out things for at least next F.Y. on which platform to trade and not simply wait for an important piece of tool that’s missing in there trading armour.

Hey @ValueInvestor0 ,

It is taking longer than expected due to various scenarios that we are trying to handle considering the fact that we plan to offer both physical and demat MF parallelly in the best possible manner. Please be assured that we are on this and will get back with timelines as soon as we are confident of the product’s functionality post thorough testing.

Thanks,
Pranita

Hi @thisisbanerjee ,

We are not saying we will not be live by March. Stay assured that we are in the final stages but can only commit to timelines post thorough testing. As promised, we will not disappoint our users under any scenario.

Thanks,
Pranita

1 Like

Hi @Pranita - Can you provide any tentative timelines? Really need to decide on staying on Dhan or not. Through testing is hygiene and not some perks. I am sure you would have considered it in your timelines. no commit after 1+ year is not helping. Hope you empathise.

PS: there are broker providing MF pledging, however I like Dhan - and would hate to switch. Hope Dhan also reciprocates!

@Pranita march is here. if mf pledge is not going live in march, pls let us know.

We are on track with our development timelines. Mutual Fund pledging feature in demat format will be going live soon

3 Likes

Great if it goes live by March