Currently, when I place an FnO order through Zerodha, it gets aggregated with the open interest (OI) of all other Zerodha clients, meaning that together, we are subject to a collective 15% limit. right ?
However, if I choose Orbis, will I be treated as an independent entity, with the entire 15% limit applying solely to me?
Additionally, if this is accurate, wouldn’t everyone opt for Orbis, rendering the 15% limit ineffective and undermining SEBI’s original intent? What other constraints prevent widespread adoption of Orbis, thereby allowing SEBI to maintain the advantage of these limit restrictions?
Could you kindly share your expertise on this?
I’ve posted a query and would greatly appreciate your insights, especially since you are official members of the forum.
Ahh, this is not solely for a single person, here also there are chances of 15% still going through however since the number of participants is less the breaching of this percentage is quite low.
Kindly note that this is applicable only for clients wishing to hold overnight positions and not for MIS traders. If you are intending to trade in MIS, there will be no need for migration.
The only constraint is about trading in restricted strikes.
You can check on this link to know more on Orbis custodial accounts.
be aware…Zerodha told 1st it will take 2-3 days to migrate… now after closing all my positions, withdrawing balance , unpleadging suddenly they told that they required 10 days…can not trade anything for 10 days…rubbish