I had opened my Fyers account a week back. Before I start trading, I wanted to get some questions answered. I had sent the following questions to [email protected] (ticket #533025 ) but have not got a response so far. Posting them on the community as answers are not clear from my search so far.
1. Do you have same day debit for demat holdings? If I sell a scrip, will the amount be debited same day or on T+1 basis?
2. If it's on T+1 basis, do I need to hold a margin to sell shares?
3. What is the charge to pledge shares?
4. Can I pledge mutual funds?
5. Will any of the pledges be considered as cash equivalent? For example, I hold Sovereign Gold Bonds and I pledge them, would they be considered as cash equivalent? Or will all pledged scrips be considered as collateral?
6. Are the mutual funds held in demat form?
7. If the mutual funds are held in demat form, would there be any DP sell charges, when I redeem mutual funds?