@siva-reddy @ShubhS9 @nithin
Can you please have a look at the below question
Given the way the calculation of margin works in kite. Can you confirm if my understanding is correct.
Suppose If I have cash balance of 10L and pledged collateral (Non cash) of 15L, that bring total margin available at 25L and I take a position of 24L.
Out of the 24L, 50% would be reduced from collateral bringing that balance to 3L (15L-12L) and the cash balance will appear as -2L (10L - 12L) with Total margin available as 1L (25L - 24L).
Would this -ve cash balance (given its only intraday) lead to an interest charge of 0.05% per day or would the -ve balance not matter as far as the position is intraday.
Would the -ve cash balance impact my trades/orders (FnO and further MF purchase) or would the system be smart enough to allow me to place order and purchase order as the cash balance is only -ve during the day