Why Adhoc Margin for Intraday?

General
#1

@nithin @siva @ShubhS9
SEBI says Intraday margin will be VaR+ELM
But, why Zerodha calculates margin upon VaR+ELM+Adhoc margin?

I understand that now you take 50% of that…But after next year the margin will be huge
Ex :
In BPCl VaR+ELM is 24.98
But VaR+ELM+Adhoc is 44.02

#2

Adhoc is temporary but has to be collected upfront, comes and goes, varies with each scrip, few won’t have it,anyhow minimum is 20% so one will get at least 5 times leverage irrespective of var+elm.

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#3

@siva Thank u boss
But one thing is this 20% applicable after 4th phase leverage deduction?

#4

From sep 1st for equities.

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