How to pledge Mutual Funds in Shoonya App? Do you consider these as a cash equivalent?

Yes, Shoonya accepts Mutual Funds as cash equivalent.
Please find below the steps of the “”””How to Pledge Mutual Funds in Shoonya App”””” –

1. Log in to the Shoonya app
2. Go to the Hub and tap on Pledge
3. Select the available Mutual Funds and tap on Pledge Now
4. Select the segment and quantity and tap on Pledge
5. Enter the OTP and verify

Please find below the list of approved cash equivalent Mutual Funds for pledging: –

https://docs.google.com/spreadsheets/d/1LRbIf17tNIr7W-YP4njkgF14-yP_T8MWYN3GxzRJLVM/edit#gid=0

Note – If you already have Mutual Funds in your other Demat account, you can pledge them by transferring these into your Shoonya Demat account.

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