Lot of people, including CNBC reporters, have been saying that 50% cash will be required for F&O positions from December 1st onwards. This is despite the fact that this rule has been there for years & there doesn’t appear to be any new circular put out by the NSE regarding this.
- Is this for overnight & intraday both? Currently, even Zerodha allows intraday positions (without interest) by pledging shares.
- Currently, many brokers are able to somewhat get around this rule by funding the clients themselves or charging higher brokerage. Does it mean now this option will be gone & traders will have to use their own cash or cash equivalent (like it’s with Zerodha)?
@MohammedFaisal, can you throw some light on this? What really is going to change (if anything)?