As per sebi, there is peak margin penalty. And for that it’s duty of broker to take screenshots and share the same with sebi.
But in zerodha kite app, if there is some open position of f&o:
Let say used margin : 50 lacs
Available margin : 20 lacs
And market became volatile little bit due to which there is increased of used margin by 5 lacs,
Then used margin became: 55 lacs
and available margin became: 15 lacs.
And in this way there is no shortage of peak margin penalty.
Let say used margin: 50 lacs
Available margin: 20 lacs
Now some more f&o order is made(which is not executed) (for which 18 lacs margin is needed if executed), then zerodha kite app show as follows:
Used margin: 68 lacs
Available margin: 2 lacs
Now market became volatile little bit due to which there is increased of used margin by 5 lacs,
Then used margin becomes: 73 lacs
And available margin becomes: -3 lacs.
And in this way there is shortage of peak margin by 3 lacs.
In both the above situation margin available must be 15 lacs, but in 1st situation it’s 15 lacs and in 2nd situation it’s -3 lacs(because it’s also consider unexecuted transactions).
IS IT RIGHT WAY OF CALCULATION. AND HOW PEAK MARGIN CALCULATED IN BOTH SITUATIONS.