Hi,
I am unable to pledge Motilal Oswal Nifty 200 Momentum 30 ETF. Its showing pledging unavailable for it. Why is it so? This ETF is available for pledging in Zerodha and Upstox then why not in Dhan?
I was thinking of shifting from Zerodha to Dhan fully but unavailability to pledge for ETFs is a major concern which will prevent me from shifting as I can not use dual compounding on my money.
Please enable pledging for this ETF and also all other ETFs.
According to our RMS policy, the Motilal Oswal Nifty 200 Momentum 30 ETF is unavailable for the pledge.
Please refer to this sheet for more information on the scripts. Here
@Divyesh I have seen its unavailable for pledge. My question is why is it unavailable for pledge when other major brokers are providing it for pledge? If Zerodha and Upstox are having this ETF for pledging then why can’t Dhan have that? Can u please ask for review of this policy and get it enabled for pledging?
Correction, there has been a recent change in guidelines, which has led to many ETFs and scrips being removed from the list of securities allowed to be pledged.
This is to be followed by all brokers. For the ETF highlighted by you, we checked on other brokers as well and see they have also stopped offering it for pledging
