Published Jan 27, 2026 4 min read

If you are someone who actively trades or invests in the stock market, you’ve probably heard of pledging your shares to get extra funds. But how do you know which shares or mutual funds are eligible for pledging? That’s where the NSE-approved list of securities for pledge comes into play. This list tells you exactly which stocks, bonds, and mutual fund units are accepted by brokers and lenders as collateral. Whether you're using this facility for margin trading or to get a loan, knowing the latest rules from NSE can help you make better financial decisions in 2025.
 

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What is margin pledging? Understanding the basics

Margin pledging allows you to use your existing investments, like shares, mutual funds, or ETFs, as security to get funds for trading or borrowing. Instead of selling your securities, you "pledge" them, meaning they’re marked as collateral with your broker or lender. You still remain the owner, but you can now access additional buying power or even a personal loan.

This system helps investors take advantage of opportunities in the market without losing long-term investments. Many traders use margin pledging for short-term trades, while others use it to unlock funds for urgent needs.


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Criteria for securities to be included in NSE approved list

The National Stock Exchange (NSE) enforces a stringent set of guidelines to determine the eligibility of securities for inclusion in its approved list. These criteria ensure only credible, transparent, and high-performing securities qualify for trading. Below are the vital points outlining the inclusion process:

  • Liquidity: Securities with high trading volume are usually eligible.
  • Market capitalisation: Large and mid-cap stocks are preferred over small-cap or penny stocks.
  • Price stability: Stocks with lower volatility are more likely to be accepted.
  • Compliance track record: Companies that comply with SEBI and NSE regulations are prioritised.
  • No regulatory flags: Securities under suspension, investigation, or delisting are automatically removed.

Keep in mind that this list is dynamic and updated frequently by NSE based on market conditions.


 

How to access and download the latest NSE-approved securities list?

The NSE-approved list of pledgeable securities is publicly available and updated regularly. It includes stocks, mutual funds, bonds, and other instruments accepted for margin trading or loan pledging. Here is how you can check the latest list:

  1. Go to the official website of the stock exchange.
  2. Navigate to the section related to market data or margin trading.
  3. Look for options that mention approved or eligible securities for pledging.
  4. Choose your instrument type—like equity shares, mutual funds, ETFs, or bonds.
  5. Download the most recent list or document for reference.
  6. Review important details like the ISIN code and margin eligibility status.

Since this list gets updated frequently, sometimes even weekly, it is a good practice to check it often, especially before initiating a pledge or margin transaction.

Key updates and recent changes in NSE approved securities list

The National Stock Exchange (NSE) has announced notable updates to its approved securities list for 2025. These changes reflect NSE's commitment to adapting to market dynamics, promoting transparency, and safeguarding investor interests. Below are the latest updates presented in a descriptive and concise manner:

1. Inclusion of new securities

  • NSE has added several securities from emerging sectors such as renewable energy, technology, and fintech.
  • Companies with strong financial performance and increased market capitalizations have been prioritized.
  • This update aims to provide investors access to a broader and more diverse portfolio of investment options.

2. Removal of non-compliant securities

  • Multiple securities have been delisted due to non-adherence to NSE's regulatory standards.
  • Reasons for removal include poor financial performance, declining trading volumes, and governance issues.
  • These measures aim to ensure that only reliable and compliant securities remain listed for trade.

3. Enhanced screening and eligibility criteria

  • NSE has tightened the eligibility requirements for securities to be included in the approved list.
  • Stricter parameters, such as minimum trading volumes and robust governance practices, have been introduced.
  • This enhances the overall quality and trustworthiness of NSE-approved securities.

4. Sectoral adjustments

  • A significant shift in sectoral focus has been noted, with sectors like clean energy, digital economy, and healthcare gaining prominence.
  • Industries not showing consistent growth have seen a reduction in representation.

5. Periodic reviews and updates

  • NSE has emphasized the importance of frequent evaluations to reflect market trends and global best practices.
  • Investors are encouraged to monitor updates regularly to make informed decisions.

6. Implications for investors

  • Portfolio adjustments may be necessary to align with the latest approved securities list.
  • Monitoring delisted securities or newly added companies could help optimize investment strategies.
  • The revisions aim to ensure a balanced and lucrative investment environment. With these updates, NSE underscores its focus on investor protection and market efficiency. To access the complete and updated list, visit the NSE official website or monitor their announcements regularly.

What happens when a security is removed from the NSE approved list?

When a financial security is removed from the NSE (National Stock Exchange) approved list, it impacts stakeholders, including investors, brokers, and fund managers. Here’s an overview of the implications of such a removal:

1. Suspension from trading

  • The security may be suspended, preventing further buying or selling on NSE platforms.
  • Investors holding the security may find liquidity challenges as trading activity decreases.

2. Impact on investor portfolio

  • Investors might experience difficulty in managing or offloading the security.
  • Portfolio value could be negatively affected due to reduced demand and liquidity.

3. Notification period

  • NSE typically provides a notification or announcement regarding the removal.
  • Stakeholders are given time to adjust or close positions before the security is officially delisted.

4. Settlement concerns

  • Open trades in the concerned security may need to be settled quickly.
  • Brokers and traders must ensure compliance with any revised settlement timelines.

5. Regulatory reasons

  • Removal might occur due to non-compliance with NSE listing rules, performance issues, or governance concerns.
  • Investors often review regulatory announcements for clarity on the reason for removal.

6. Limited trading options

  • After removal, trading may only continue over-the-counter (OTC) or on alternate exchanges (if available).
  • This shift impacts convenience and accessibility for investors.

7. Risk assessment

  • Removal from the approved list may signal financial instability or governance issues within the company.
  • Investors and analysts often reassess the security’s risk profile post-removal.

8. Impact on derivatives market

  • If the security was tied to derivative contracts, adjustments or termination of those contracts may occur.
  • Traders must adapt their strategies to align with these changes. By staying updated on NSE notifications and market movements, investors can mitigate adverse effects and make informed decisions during such events.

Types of securities covered in NSE approved list - Shares, mutual funds

The National Stock Exchange (NSE) of India offers a diverse range of securities that investors can trade. These securities are regulated and approved under NSE's guidelines, ensuring transparency and security in transactions. Below are the major types of securities available for trading on the NSE-approved list:

Type of securityDescription
SharesEquity and preference shares representing ownership in listed companies.
Mutual fundsDiversified portfolios managed by fund managers to minimize risk and earn returns.
Exchange-Traded Funds (ETFs)Mutual fund-like securities traded on exchanges, tracking assets or indices.
Corporate bondsDebt instruments issued by companies offering fixed interest returns.
Government securities (G-Secs)Low-risk debt instruments issued by the Indian Government.
InvITs and REITsInvestment trusts focused on infrastructure and real estate projects.

Step-by-step process of how to pledge securities with Bajaj Finance

Want to pledge your shares or mutual funds for a loan? Bajaj Finance makes the process simple and entirely digital. Here is a quick step-by-step process:

Step 1: Visit the application page

Go to the official loan against securities page of Bajaj Finserv website to start your application.

Step 2: Select the type of security

Choose the investment you want to pledge shares, mutual funds, bonds, or insurance policies.

Step 3: Link your demat account

Securely connect your NSDL or CDSL demat account to proceed.

Step 4: View approved securities

Check which of your holdings are eligible for pledging in real-time.

Step 5: Pledge the required units

Enter the number of units you want to pledge and submit your request.

Step 6: Authorise the pledge

Complete the process by approving the transaction via OTP or NSDL/CDSL authentication.

Step 7: Receive funds

Post-verification, the approved loan amount is credited to your account usually within 24 to 48 hours*.


Get funds within 24 hours by pledging your investments online. Start your application now


 

Benefits of pledging securities for margin trading

Pledging is more than just borrowing; it is a strategic move. Here is why many investors prefer pledging:

Key benefits:

  • Instant liquidity without disturbing your long-term investments.
  • Stay invested while meeting short-term needs.
  • Lower interest rates than unsecured personal loans.
  • No prepayment charges with most lenders.
  • Flexible top-ups as your portfolio grows.

For traders, pledging increases market exposure without selling assets. For investors, it is a way to get fast funds while keeping ownership intact.


 

 

Risks and considerations when pledging securities

While pledging offers convenience, it comes with a few risks:

Things to watch out for:

  • Price volatility: If the value of your pledged asset drops, you may need to deposit additional margin.
  • Interest cost: Regular interest payments are required on the borrowed amount.
  • Forced sale: In case of default, the broker/lender has the right to sell your securities.
  • Limited access: You can’t sell pledged securities unless you unpledge them first.

Make sure you understand the terms before pledging. It’s best used when you have a repayment plan or expect returns from other investments.


 

 

Conclusion

The NSE approved list of securities for pledge is your go-to guide for making smart investment and borrowing decisions in 2025. Whether you’re an active trader or a long-term investor in need of funds, pledging gives you the best of both worlds: liquidity without liquidation. With regular updates, changing haircut norms, and digital pledging now easier than ever, it is important to stay updated and choose a trusted lending partner.


Need liquidity without selling your investments? Check eligible securities and get a loan with Bajaj Finserv. Apply now

Frequently asked questions

What is the NSE approved list of securities for pledge?

It is a list published by the National Stock Exchange (NSE) that includes stocks, mutual funds, ETFs, and bonds eligible to be pledged as collateral. These securities can be used for margin trading or to avail loans without selling your investments.

How often does NSE update the approved securities list?

The NSE updates the list of approved pledgeable securities regularly usually every week. Updates depend on changes in market conditions, liquidity, volatility, and regulatory actions. It’s recommended to check the list before initiating any pledge or margin transaction.

What documents are required to pledge via NSE-approved list?

Documents like a pledge request form, depository account details, identity proof, and necessary disclosures as per the lender’s guidelines are required for NSE-approved pledges.

Can NRIs or foreign investors use the NSE-approved list for pledge?

No, the NSE-approved list for pledges is generally restricted to resident individuals. NRIs or foreign investors typically cannot use this avenue due to regulatory constraints.

Where can I find the latest NSE approved securities list?

You can find the most recent list on the official website of the stock exchange. Visit the margin trading or market data section, filter by security type, and download the updated circular or Excel file to see which securities are currently eligible.

What are haircut percentages, and how do they affect my pledged securities?

A haircut is the percentage deducted from your pledged security’s value to cover market risk. For example, a 30% haircut on shares worth Rs. 1,00,000 means you’ll get a loan or margin of Rs. 70,000. The higher the volatility, the higher the haircut.

Can I pledge mutual funds or ETFs for margin trading?

Yes, certain mutual funds and ETFs approved by NSE can be pledged for margin trading or loans. However, only specific schemes with high liquidity and stability are accepted. Always refer to the latest approved list to check eligibility before pledging.

Does pledge eligibility depend on holding type?

Yes, pledge eligibility depends on the type of holdings. Typically, only listed and approved shares meeting the liquidity criteria are accepted as collateral for a Loan Against Shares.


 

What happens if a stock gets removed from the approved list after I have pledged it?

If a pledged stock is removed from the approved list, you may be required to replace it with acceptable securities or adjust the loan to maintain compliance.


How is haircut decided for pledged securities?

The haircut is determined by factors such as the security’s liquidity, market volatility, and the lender’s specific criteria, ensuring appropriate risk management for the pledged shares.

What portion of my share value can I get as loan against pledged securities?

The loan-to-value (LTV) ratio typically up to 50% of the market value of pledged securities, depending on their quality and liquidity.

Are illiquid or penny stocks ever accepted for pledge?

Illiquid or penny stocks are generally not accepted for pledge due to their high-risk nature and limited marketability.

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