Pledge (37)

What counts as Cash Equivalent?

Actual cash in trading account

ETFs like Liquidbees, SGBs that are marked as cash collateral in the pledge list <Attach list>

Example

For a position requiring ₹1,00,000 margin:

• Minimum ₹50,000 must be cash/cash-equivalent

• Remaining ₹50,000 can be from pledged stocks

If you don't maintain 50% cash, DPC charges apply on the shortfall.