Pledged margin and future MTM loss

F&O
1

Hi,

In Zerodha I have only cash equivalent pledged margin. Does MTM loss from futures get adjusted with pledged margin or it gets me to negative margin?

Thanks.

2

If you have incurred mark-to-market losses, the obligation will be adjusted from the Opening balance, potentially resulting in a debit balance in your account the next day.

3

Is this the same, If I take a synthetic future as well?

4

No. Synthetic future is built on Options alone, and options don’t generate cash MTM requirements. Only the overall required margin will grow if there are MTM losses. But please note that to close the position you may need to provide more cash than you received, if your position is in loss.