Hello,
I am a long term investor but now want to start intraday trading in equities. I was going through zerodha’s margin calculator related article and came across the page where they have mentioned below detail:
for equities leverage / margine : 50% of the VaR+ELM+Adhoc mandated by the exchange
I didn’t quite understand this.
My question is say if I have 5000 rs capital and I am using MIS option for inraday trading. My total traded value for that day was Rs. 5lacs as I am doing intraday trading using leverage. Do I need to to pay rs 5 lac to broker for using leverage facility.
Please guide