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What does Collateral(Equity) in the ‘funds’ mean?

The equity collateral margin is the margin received against pledged stocks,ETFs and mutual funds after the haircut deduction.

Collateral margins can be used to trade futures, sell options and also to trade in intraday equity.

If you’ve pledged stocks/ETFs you will be able to see Collateral(Equity) under the funds tab on Kite.