I am having a query here. Would like to know how much margin/amount I need to keep in my trading account if I want to buy/accumulate niftybees whenever there is open opportunity. Currently, I was buying niftybees and selling liquidbees after buy order executed. For Eg. Buying Rs. 1000 niftybees and selling Rs. 1000 liquidbees. Note. Selling Liquidbees from my holdings as per requirements respect to buying amount. This is for Equity Delivery or Long Term Investment. Please advise if i need to take care of as per new sebi rules. Thanks and waiting for your response.
Thanks ShubhS9. Suppose I am having 10K in my trading account and I want to buy Niftybees or ETF of Rs. 1000 (Eg. CMP for Niftybees is 118, 118 × 9 Qty = 1062). I placed an order in CNC for buying niftybees and trade gets executed. Now Rs. 1062 gets deducted from my trading account immediately and shows in Margin used. Further, If I sell liquidbees holdings on same day of 1 unit (Rs. 1000), the margin used amount will be shown as Rs. 62 and will compensate/adjusted after market hours or day closure. Ofcourse liquidbees units will be deducted after T+2 days. So, can i continue with same way that I doing currently or I need to change my way of investing? I am understanding that I need to keep more amount in trading account than what i am buying, Correct me if I am wrong here?
So in this case, Starting Sep 1, 2020, Margin used will be shown as Rs. 262 (Buy Niftybees = 1062 - Sell Liquidbees worth Rs. 1000 with 20% block i.e. 800) instead of Rs. 62 in current scenario and that Rs. 200 will be credited back to my trading account in T+2 day. Correct me if wrong?