Difference in final margin required over margin calculator & basket for spread order

F&O
1

Difference in final margin required for holding the following position:

  1. NIFTY MAY FUT 50Q Buy
  2. NIFTY APRIL 22250 PE 50Q Buy

When calculated over F&O margin calculator - Zerodha Margin Calculator
Margin Required = 42196 (Refer Image 1)When calculated over kite application
Margin Required = 55416.6 - 6905(Buy Premium) = 48511.6 (Refer Image 2)This Difference is not seen for margin required for holding the other combination say:

  1. NIFTY MAY FUT 50Q Buy
  2. NIFTY APRIL 22250 CE 50Q Buy

When calculated over F&O margin calculator - Zerodha Margin Calculator
Margin Required = 127785 (Refer Image 3)When calculated over kite application
Margin Required = 140070.5 - 12600(Buy Premium) = 127470.5 (Refer Image 4)
Which is totally acceptable.Please let us know what is the reason of difference of margin at these two places and why is this happening in some specific conditions.
** I am not having any position or open order in my portfolio.

Making sure that the span file is upto date:

  1. NIFTY APRIL FUT 50Q Buy
  2. NIFTY APRIL 22250 PE 50Q Buy

When calculated over F&O margin calculator - Zerodha Margin Calculator
Margin Required = 31704 (Refer Image 5)When calculated over kite application
Margin Required = 35648.55 - 6905(Buy Premium) = 28743.55 (Refer Image 6)
(there is a of difference of 2960.55 about 10.2% here as well)keeping both of them for MAY.
Is this difference acceptable.

  1. NIFTY MAY FUT 50Q Buy
  2. NIFTY MAY 22250 PE 50Q Buy

When calculated over F&O margin calculator - Zerodha Margin Calculator
Margin Required = 42196 (Refer Image 7)When calculated over kite application
Margin Required = 52262 - 13072.5(Buy Premium) = 39189.5 (Refer Image 8)
(there is a difference of 3006.5 about 7.6% here as well)

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2

@Ragavendran_M Can you.

3

In the margin calculator, live span is updated (Which is 5 times a day) for the client’s benefit to calculate the increase in the margin but in the Kite basket order window, it will be based on the beginning of the day file only. Due to volatility in the market, the margin benefit will differ, so only you will see the difference for the hedge combinations.
If you have only future long and call long there won’t be much difference…

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