Will the margin benefit be withdrawn if I close the second position that is hedge to first position

Hi,

suppose i buy one lot of futures nifty and one lot of put lets say 8700 strike price i am given margin benefit of around 7000 Rs. Then if i decide to close the put option, will i need to deposit the margin benefit that was given on future position.

thanks

Yes, in case of either of the position is closed, margin benefit will be drawn & need to maintain the full margin required to hold the order position.

As per above query if you sell that option you wont get the margin befit, you have to add the margin as requirement as per exchange margin requirement

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