For example margin requirement of SUJANA TOWER is not there on the website. How much will be the margin requirements of such companies which are not shown on the website?
Hi Ekansh Chowdhary,
If you don’t find any stock in the list, it mean there is no leverage provided for those stocks.
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If it is not listed on the EQUITY calculator link, those scrips are excluded from the margin benefits (may be risk associated with those companies for providing leverage is high as deduced by zerodha).
So, you have to pay the full amount and buy/short the shares.
Example:
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If you want to buy 500 shares of SUJANATWR at price of 21.00 rupees, then you should have all the 500 x 21 = 10,500 rupees in your trading account. You can choose the product type as CNC.
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If you want to sell 500 shares of SUJANATWR at price of 21.00 rupees in Intraday, then you should have all the 10,500 rupees in your account and you should choose the product type as MIS.
At evening 3:20 pm 500 shares will be bought by zerodha and close your deal (square off). -
If you want to buy 500 shares of SUJANATWR at price of 21.00 rupees in Intraday (if you are sure you will sell off within the day), then you should have all the 10,500 rupees but choose MIS as product type. This way you could save some brokerage. (MIS is less brokerage than CNC), If you could not sell your shares before 3:20 pm, it will be automatically sold by zerodha and squared off at 3:20 pm or you could choose MIS to CNC conversion and keep the shares transferred to your demat account, so that you can sell later. This is equivalent to item no.1 mentioned above.
Note: Even if you buy with CNC and sold the shares on the same day before 3:20, you will be charged considering MIS charges only, you STT securities trans tax will be less. So choosing MIS or CNC does not matter if you sell the shares on the same day. Only for MIS listed shares you get leverage, so for other shares that benefit is also not there.