HI, I’m new to Zerodha. I did few intraday trades(MIS) yesterday. I thought I was using the money I have in my account but end of the day it shows I used free cash and my profit earned is shown in ‘margin used’ as negative value. My total account value is not reflected with my profit. What is free cash?
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Free Cash is the amount of money you have in your account which can be used for trading. Out of this margins will be blocked for the trades you take. For example if you have Rs.100,000/- in your accont, free cash would be Rs.100,000/-...if you buy Nifty Futures for say Rs.25,000/- then..
Free Cash = 75,000
Margins used =25,000
Also, the -ve value in Margin used is actually a credit to your account.
Hi, I am new to Zerodha as well. I tried a few trades today and ended up with a little profit. However, when I logged into Q in the evening, I found the equity account value doesnt reflect the profit. P&L report on Q just gives out the brokerage charges and realised profit as zero. Only place where I see a credit to my account is the ledger.
On kite, margin available shows total cash+profit w/o subtracting the brokerage and other charges and account value doesnt reflect the profit on kite.
This has created a lot of confusion for me. kindly help.
It will reflect in KITE as well as Q the next day.
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Hi @Karthik , I’m new zerodha,
Can we use this free cash for intraday purpose with 10X or 20X times leverage?