E-Margin is a unique product where you can buy stocks in delivery with margin as low as 25% and carry it for the next 365 trading days. During the 365 day trading period, you can either square off or take delivery of your position by bringing in the remaining funds.
What is e-Margin in trading?
E-Margin is a leveraged trading facility . You can create positions under this product that can be squared off or converted to delivery (C2D) till T+275 day (T= being Trade date) on or before the specified time. ... You can convert an E-Margin trade into delivery only if you have adequate cash limits.
How do you convert e-Margin to delivery in Axis Direct?
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You can convert the ‘E-Margin’ position to delivery on ‘T’ day from Day’s Trade book by selecting a trade reference and by clicking on Convert to Delivery option .
What is trading limit in Axis Direct?
1,00,000 (in cash segment) from your account. Your cash limits will increase by Rs. 1,00,000 for trading for the day.
What is cover trading in Axis Direct?
ABOUT COVER ORDER
Cover order is an intraday product where you place two orders simultaneously , the first order as market order to create position and the second order is an opposite order to restrict your losses. It is easy and convenient to place both the orders together.
What is difference between margin and Emargin?
E-margin facility is offered only on eligible stocks traded on stock exchanges. Margin amount is taken in the form of cash, cash equivalent or eligible shares as accepted by HDFC Securities. ... HDFC Securities has a maximum limit (quantity) for shares to hold under collateral position.
What is the difference between intraday and margin trading?
Margin trading also refers to intraday trading in India and various stock brokers provide this service. Margin trading involves buying and selling of securities in one single session. ... In order to trade with a margin account, you are first required to place a request with your broker to open a margin account.
What is the brokerage fee in Axis Direct?
Axis Direct charges 0.50% brokerage for equity delivery, 0.05% for Intraday & Futures, and Rs 10 per lot for options.
Can we convert Intraday to delivery in Axis Direct?
Yes , you can convert Intraday sell order into cash sell order if you have the same scrip available in your demat account. Alternatively, you may also buy the same scrip in Cash and then convert the ‘Intraday’ sell (first leg) order to delivery.
How do I convert margin to cash?
Sell or close all of the investment positions in your margin account. Place sell orders for your stock positions and buy-to-close orders if you have sold any stocks short. The proceeds from selling your investments will first go to pay off any outstanding margin loan and then to the cash balance of your account.
Can I transfer money from demat account to bank account?
– If you want to transfer money from the demat account to the bank account, click on the ‘withdraw’ option . Alternatively, opt for the ‘add funds’ option, if you want to add money into your trading account to buy fresh securities. ... You can only transfer the money that is received by you after selling certain securities.
How can I transfer money from Axis Direct?
Welcome to our brand new BETA version...
Axis Direct.in . Click on ‘Limits’. Select ‘Cash Limit’ option. In ‘Funds Hold and Release’ option enter the amount in the ‘Amount’ column and click on ‘Release’.
What is fund payout in Axis Direct?
Pay-out is when the exchange makes the outstanding payment of funds or outstanding delivery of shares to the broker . In case of buy transaction, the securities purchased are delivered to the buyers. In case of sell transaction, the fund amount of the securities sold are given to the sellers by the exchange.
Yes . Intersettlement (IS) product allows you to sell the shares bought under ‘Cash’ before getting delivery of shares. The benefits of Inter settlement (IS) is that you can sell the shares bought under ‘Cash’ on T+1 or T+2th day without waiting for it to get credited in Demat account.
