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Why am I able to pledge regular plans but not direct plans of the same mutual fund scheme?

You can only pledge holdings that are accepted by the Clearing Corporation .

In some cases, regular plans of mutual fund schemes are accepted by the Clearing Corporation while direct plans of the same scheme are not. The ISIN (identification number) of regular and direct plans of the same schemes can be different. The Clearing Corporation updates the list of accepted plans from time to time.

For example, Axis Growth - Regular is accepted by the Clearing Corporation whereas Axis Growth - Direct is not.

  1. ISIN of Axis Growth Regular Scheme: INF846K01J79
  2. ISIN of Axis Growth Direct Scheme: INF846K01J46

You can check the list of all ISINs which the Clearing Corporation (NSE Clearing Ltd) presently accepts on this sheet .

If you want to invest in Mutual Funds for the purpose of pledging, it's important to know that you can only invest in Direct mutual funds on Coin. On this sheet , we have mentioned Direct and Regular on a separate column. You will not be able to find the schemes which are under the Regular on Coin.