The Zerodha Support page titled ‘What does CNC, MIS and NRML mean?’ has the following line ’ Did you know? When using CNC to buy and sell a share within the same day, it will still be regarded as an intraday trade, and the brokerage charges will be applied accordingly.’
Are DP Charges also applied as on CNC Trades or not applied as in MIS trades?
Thanks
Hi @rajaguha
DP charges are basically charges levied by the depository for being the custodian of client’s shares.
As there is no need to give or take delivery for regular intraday trades, there won’t be any DP charge for them.
I am sorry but my question was not answered. I try state it again, more accurately.
There are no DP charges for MIS intraday, but are there DP charges if X units of a stock are bought on CNC and all X units sold on CNC the same day?
Thank you.
It will still be considered as an intraday trade and hence, there will be no DP charges.