Sir I unable to buy Unitech on MIS please tell it’s reason as margin is provided so it should performed.
Can you describe equity future NRLM and MIS margin case?
Even after having amount I can’t able to change MIS to CNC please dictate the reason?
Now after referral can we directly apply as new customer if we have completed our KYC through Aadhar?
Hello @Abhin
Unitech has a margin of 3x for intraday trading.
Even stocks with no margin can be traded in MIS with full cash.
Position conversion:
Yes, you will be able to convert a position from MIS to CNC if you have full cash to take the position. You have to make use of the ‘Convert’ option for this on Kite.
Go to the MIS Open position on the Position page and hit the forward arrow mark at the end of the position line.
You will get the following 2 boxes which you have to validate to convert your position.
Futures market:
The NRML margin of a Futures contract is Span Margin + Exposure Margin.
Span Margin - is the margin blocked by the exchange for Futures Buying/Selling and Option Selling. It is a % of the contract value.
Exposure Margin - is the margin blocked by the broker for Futures Buying/Selling and Option Selling. It is a % of the contract value.
For HDFCBANK, the SPAN margin % is 7.51% and the Exposure Margin % is 5% of the entire contract value.
This is the list which contains the Span and Exposure margin % for all F&O stocks.
As for the MIS margin for futures trading,
The MIS Margin is 40% of the NRML margin for any Futures trade.
Referral:
When you are referred by a person, your ID will be linked under this person for his referral benefits even if you have completed your KYC through Adhaar.