Highest margin for intraday and delivery

Hi. Which are highest margin providing brokers for intraday and delivery trading in equity and future?

From dec 1st all brokers will be providing same leverages. Check this for more.

So @siva-reddy all derivative trades will have NRML margins from dec1st itself ?

It will be phased reduction, as explained here.

When is this applicable from?

This SEBI circular says that there will be a penalty if trades are allowed without sufficient VAR+ELM or 20% for stocks, and SPAN+Exposure from Dec 1st 2020 even on an intraday basis.

  • Dec 2020 to Feb 2021 - penalty if margin blocked is less than 25% of VAR+ELM ( or 20% of trade value) for stocks or SPAN+Exposure for F&O. (Max leverage of 5% or 20 times for stocks)
  • Marc 2021 to May 2021 - penalty if margin blocked less than 50% of minimum margin required. (Max leverage of 10% or 10 times for stocks)
  • June 2021 to Aug 2021 - penalty if margin blocked less than 75% of minimum margin required. (Max leverage of 15% or around 7 times for stocks)
  • From Sept 2021 - penalty if margin blocked less than 100% of minimum margin required. (Max leverage of 20% or 5 times).

So from Sep2021, it is NRML for any derivative position even for intraday, right ? Reduced margins for hedged positions remain or those too are gone ?

Right.

You will continue to get margin benefit for hedged positions as you get now. No changes in that.

Samco is the only one so far.