What happens if I forget to square off Nifty Futures on Expiry?

[Harshajyoti_Das]

I do understand that for stocks, we have to take delivery if we forget to square off our Futures positions upon expiry. But what happens with Nifty futures?

[AnandaRaj]

It will be cash settled by the exchange and broker will release the blocked margin.

Future contract expiry

@DA6704: Check this link in NSE website: https://www.nseindia.com/products/content/derivatives/equities/sec_tranc_tax.htm Below is what it mentions (it only says 0.125 if option is exercised. Doesn’t mention anything about futures.) STT Computation As per the Finance Act 2004, and modified by Finance Act 2008 (18 of 2008) STT on the transactions executed on the Exchange shall be as under: Sr.No. Taxable securities transaction New rate from 01.06.2016 Payable by A B C D a Sale of an optio…

[Shivam_Gupta]

@Harshajyoti_Das

we have to take delivery if we forget to square off our Futures positions upon expiry

@nithin is this true? If yes then Is this apply for options too?

[nithin]

@Shivam_Gupta

@nithin is this true? If yes then Is this apply for options too?

Yes, but it is not applicable for all stocks yet. Check this

Policy on settlement of compulsory delivery derivative contracts

[Harshajyoti_Das]

@nithin But what happens in case of Nifty Futures?

[lotus]

NIFTY FUT & OPTION are autosqoff on expiry no Physical delivery on INDEX DERIVATIVES.