Haircut update frequency and what value gets used?

Trading
1

How frequently are the margin numbers updated ?

(Maintained at https://docs.google.com/spreadsheets/d/1vRI4NKpJ-3mnOWxUhSRMSQD5txy8QNumzSQrdfGKyL0/edit#gid=0 )

Last week one stock had a haircut of 12.5% today it is 40%.

If I pledge a stock does the haircut value at the time of pledging be used throughout or the latest spreadsheet value be used?

1 Like
2

The list is updated daily.

Your pledge value will change according price and haircut values.

3

What is the haircut for Nifty and Bank Nifty ?

4

The haircut for Nifty and Bank Nifty ETF’s along with other securities can be found on this list.

5

12.5% to 40% change in haircut seems to be arbitrary. It can have serious impacts on trading positions.