Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Can NRI pledge Mutual Funds for Trading?
An NRI is not allowed to pledge mutual funds for trading.
As per RBI guidelines, an NRI is allowed to pledge their shares/securities with Indian banks, overseas banks, and Non-Banking Finance Companies (NBFC) only for genuine business purposes and not for trading purposes.
