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How do you convert e-margin to delivery in Axis Direct?

How do you convert e-margin to delivery in Axis Direct?

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.

How do you convert e-margin to delivery?

If you want to convert the ‘E-margin’ position on ‘T+1’ to ‘T+275 day or as applicable, you have to go to ‘Open Position Book’ and click on ‘Convert to Delivery’ (C2D) option and enter the quantity to be converted. Once the funds paying is done, C2D process will get completed.

What is difference between margin and e-margin?

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 trading limit in Axis Direct?

A buy limit order can only be executed at the limit price or lower. Example, if you want to buy shares of Axis Bank, but do not want to pay more than Rs. 1100 for it, you can place a limit order to buy the share with a limit price of Rs. 1100. By entering a limit order, you will not buy the stock at a higher price.

What is brokerage charges of Axis Direct?

Axis Direct Brokerage Charges Axis Direct charges 0.50% brokerage for equity delivery, 0.05% for Intraday & Futures, and Rs 10 per lot for options.

Why margin trading is dangerous?

Margin trading offers greater profit potential than traditional trading, but also greater risks. Purchasing stocks on margin amplifies the effects of losses. Additionally, the broker may issue a margin call, which requires you to liquidate your position in a stock or front more capital to keep your investment.

How do you use e-margin?

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. The said facility will be available to the customers agreeing to the terms and conditions…

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.

Is Axis Direct a good broker?

Axis Direct does not offer many customers attracting service as other brokers in India. They do not need to offer additional service to draw customers, as they are one of the best brokers in India for their services and product for trading. They offer flat brokerage plans to trade for customers.

Is Axis Direct CDSL or NSDL?

Axis Bank is a registered member (Depository Participant) of NSDL. Axis Bank has been enrolled as a Depository Participant by the NSDL – India’s first depository. You can avail of all the depository-related services by just opening an account with NSDL through Axis Bank.

Which is an example of axisdirect E-margin?

E-Margin is a leveraged trading facility offered by AxisDirect to its customers. The facility allows you to take equity positions by paying only 25% of the total trade value. For example, If you would like to buy 100 shares of SBI @ Rs 300 per share and the applicable margin is 25%.

What are the features of E margin trading?

E‐Margin is leveraged trading facility; under this product clients can buy stocks today & pay‐ up‐to 5 days from date of settlement of the trade.T+7 days. Features 1. Buy & Hold stocks till T+7 day and take advantage of possible appreciation in stocks.. 2.

Is there a cut off time for Axis Direct margin?

Axis Direct SPAN Margin Calculator has both Futures & Options. The Equity Futures Exposure is 8x & Equity Options exposure is 5x. NOTE: For Delivery, there is a cut-off time of T+7 Days & post that Auto Square-off will apply. Interest Charged on Margin Funding is 18% + GST.

When to convert e margin to delivery position?

You can choose to hold on to your open E-Margin positions till T+30 days or convert to delivery or square it off by T+30 days. So be investment ready and never miss an opportunity with E-Margin. Buy stocks with margins as low as 25% (as against 100% in case of Delivery position)

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