paytm: Paytm Cash will get new Margin Pledge characteristic, right here the way it works – Instances of India

paytm:  Paytm Money gets new Margin Pledge feature, here how it works - Times of India

2021-11-24 15:46:28

NEW DELHI: Paytm Cash, the subsidiary of cost options supplier Paytm, has launched a brand new characteristic known as ‘Margin Pledge’. This new characteristic will allow customers to pledge their present shares and ETFs in return for a collateral margin that can be utilized for buying and selling in shares, ETFs, futures, and choices.
Margin Pledge is a course of by which customers can pledge their shares to the dealer in return for a collateral margin that may be utilized for buying and selling. As an illustration, an investor who holds shares value Rs 2,00,000. Now a buying and selling alternative arises however as a consequence of lack of funds, the investor is unable to grab it. The consumer can pledge his or her present shares to the dealer. The dealer deducts a haircut of say 20% from the full worth of shares, ie Rs 40,000 and offers the remaining worth of Rs 1,60,000 as a collateral margin which can be utilized for buying and selling alternatives.
The corporate mentions that the collateral is acquired inside half-hour throughout buying and selling hours and collateral calculation is finished in real-time. Pledged shares stay in customers’ demat accounts, are eligible for all company actions, and may also be offered straight. A minimal cost of Rs 10 + GST per inventory will probably be imposed on every pledge and unpledge request.
This characteristic is accessible to pick customers and is being rolled out to extra customers. The characteristic is at present accessible on Android and Web site and will probably be accessible on iOS quickly.
Just lately, Paytm Cash launched a wealth and funding advisory market on its platform to supply curated advisory companies and merchandise to retail traders. Paytm Cash has partnered with start-up WealthDesk to supply funding portfolios known as ‘WealthBaskets’ as step one to construct up the advisory ecosystem.


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