Yes. When you hold an MTF position, your shares are pledged as security to keep the position active. This pledging is mandatory as per regulatory requirements.
Samco charges ₹30 + GST for each pledge request and ₹30 + GST for each unpledge request.
Why is pledging required?
When you buy shares under MTF, Samco funds a portion of the purchase. To keep that position open, you are required to pledge the purchased shares (or other approved securities) as collateral. This is a SEBI-mandated requirement — it is not optional.
Can I sell MTF stocks without unpledging first?
Yes. You can sell your MTF stocks directly without raising an unpledge request. The unpledge happens automatically as part of the settlement process when you sell.
Easy & quick
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