Let’s say I have equity holdings (say 5 lakhs)
If I pledge and got 4 lakhs as Equity collateral. And also added some cash (say 40K) for P&L adjustment.
Asking for Intraday only.
Does broker require minimum 50% in cash to trade F&O in Intraday ?
Can I use all 4 lakhs to trade in F&O in Intraday with some additional capital for P&L adjustment ?
Even if broker allowed to trade F&O in Intraday without 50% cash requirement, does broke charge any interest on Intraday as well?
Ideally yes even for intraday 50% margin has to be maintained. But at Zerodha we are not asking 50% cash/collateral ratio for intraday.
Yes you can use all 4 lakh for F&O.
We are not charging interest for intraday trading using collateral margin.
So i can place all intraday cash order with collateral pledge margin - i do not required any cash balance and no penalty and interest will charge right ? @Ragavendran_M
Yes.
So if use 100% Pledge money for stock Future or index futures or stock Option or index option or Intraday cash
And square off position Same day
I will not be charged any interest / penalty or anything
I am free to do all the trades with 100% Pledge margin no cash needed
Right Sir ? @Ragavendran_M
Yes, it is not required to maintain a 50:50 ratio for intraday trades.
Hi , i never did any , Intraday trade on stocks , is it possible to Pledge a stock and do the Intraday trade on the same stock !!, and not to maintain 50:50 ratio
Yes, if there is any loss it will be adjusted in your cash margin next day.
yes yes
Thank You
20 times you confirmed that not required to maintain 50% cash margin for INTRADAY, then why are you sending such email in first place and second there is no email confirmation to clients. other brokers like IIFL, fyers are not sending such emails. I doubt Zerodha will do debit entry in ledger with back dated interest collection since the date of this email to intimate clients regarding 50% cash margin requirement.
Can you post the email content here?