How exactly will it work? Allow me to explain again, what I need is:-
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I park some funds say 1-2 L in Zerodha which do not sit idle and at least give a return, kind of a savings bank account i.e. 4% p.a Not asking for much. This fund acts as margin.
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When required, I don’t have to “sell first” like how it is done with liquidbees to realise it as cash to execute a buy order. By not having this “sell first” intermediary step, would save time and you won’t miss an opportunity.
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Once the margin is used, I will refill it by transferring money from my bank account to zerodha. So it would not attract any interest. There is no way I can default because the margin is like a debit card and not a credit card. It’s like pre-paid.
Something like this would help all of us.
Also, this would help in switching Mutual Funds with same day NAV.
Let me know.