While I am planning to open an account with Zerodha and initiate trading, i was understanding products from one of my friend. I have the following doubts before I begin.
Assuming I have 10 lacs as margin (5 lacs as stock & 5 as cash). If I take MIS position in Equity consuming 3 lacs of margin and position in future consuming 2 lacs. As I understand the product, since 5 lacs are consumed for MIS, my risk trigger will be at 2.5lacs. However, MTM (unrealized PL) of positions across segment will net off against each other while calculating 2.5 lacs or not?
also, what is consumed first, Stock margin or Cash margin?
Regards & Thanks in advance!!