At FYERS, we’re focused on making it easier for you to trade with the capital you already have. With Instant Pledge, we’ve taken another step in that direction.
Why We Built This
Many traders told us that waiting until the next day for pledged margins slowed them down. I agree.
When a trading setup appears, even a small delay can make a big difference. Instant Pledge was built to remove that delay and give traders faster access to margin.
You can now use your holdings as margin within minutes. Instant Pledge is available for all approved securities except mutual funds. For mutual funds, pledge and unpledge requests will continue to reflect on the next trading day (T+1).
You can also sell pledged shares directly during market hours without unpledging them first. This gives you full control of your capital at all times.
What You Can Do with Pledged Margin
Your pledged margin can be used across:
Equity intraday
Futures (index and stock)
Options selling
Commodity derivatives
This means you can trade using your investments without selling them. You stay invested and still have the flexibility to act when opportunities arise.
We recently introduced the ability to use pledged margin for commodity trading as well. You can check it out here.
How It Works
When you pledge your holdings, margin is provided after applying a haircut to account for price volatility. All pledged securities (cash or non-cash) go through this haircut. But how they count toward your margin differs:
Cash equivalents like Liquid Funds, Treasury Bills, Sovereign Gold Bonds (SGBs), and Government Securities are treated as the cash component. These can be fully used after the haircut.
Non-cash equivalents like stocks, ETFs, corporate bonds, and REITs are treated as the non-cash component.
As per SEBI’s 50-50 rule, at least 50% of your margin must come from cash or cash equivalents, and the remaining can come from non-cash holdings. You can still use the full margin by pledging more non-cash securities, but interest at 15% per annum will apply on the shortfall in the cash component until it is covered.
You can explore Instant Pledge on FYERS App and Web here.
Example
Say your total margin requirement is ₹2,00,000.
You pledge ₹80,000 in cash equivalents and ₹1,20,000 in equity shares.
Your usable margin will be ₹1,60,000.
To meet the 50-50 requirement fully, you need an additional ₹20,000 in cash equivalents. If you still use the full ₹2,00,000, interest at 15% per annum applies on the shortfall (₹20,000) until the cash component is topped up.
Interest example:
For 2 days, interest on ₹20,000 =
₹20,000 × 15% ÷ 365 × 2 ≈ ₹16.44
Charges
Pledging: ₹5 per ISIN
Unpledging: Free of charge
For detailed information on the pledge and margin process, visit our Pledge section in the Support Portal.
The Bigger Picture
Your holdings don’t have to sit idle when the markets move.
With Instant Pledge, you stay invested, maintain ownership of your portfolio, and still get quick access to margin when you need it.
At FYERS, we want traders to have complete control of their capital, timing, and decisions. Instant Pledge is a small change that can make a big difference.