Collateral Margin Value change based on Underlying

Zerodha
1

Hi ,
Does the margin provided on pledged units vary on a daily basis based on price change in the underlying?
For ex. If one purchases 1000 units of and MF at NAV 10 and pledges -> Total Cost :10,000 , margin after 10% haircut -> 9000

If after few days NAV becomes 11 -> current value would be 11,000 , Will the margin provided increase to 9,900?

2

Yes, the collateral margin is adjusted for the price variations in the security at the end of each trading day. This has been explained in detail here.

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