FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Item | Equity/Cash | Futures | Options | Currency | Commodity |
---|---|---|---|---|---|
Margin Benefit | 4 - 10 times * | 40% of Exchange prescribed margin ** | None for buying. For Sell same as Futures **** | 100% of Exchange prescribed | 50% of Exchange prescribed margin |
Margin Time | 9:15 to 3:10 | 9:15 to 3:00 | 9:15 to 3:00 | 9:15 to 4:45 | 25 minutes before Close |
If Shortage (square off) | Positions will be squared off automatically | Positions will be squared off by RMS Admin *** | Positions will be squared off automatically | Positions will be squared off automatically | Positions will be squared off automatically |
Margins against Stock | 4 - 10 times based on Zerodha's valuation of customer portfolio | Margin provided if MTM losses can be brought in on the same day | Margin provided if MTM losses can be brought in on the same day | Margin provided if MTM losses can be brought in on the same day |
* Intraday margins for Cash are pre-determined, so you will get 4 - 10 times exposure on your cash. We have an Excel sheet on our website which gives you the list of all stocks for which margins are provided.
** Intraday margins for Futures and writing options are 40% of the SPAN + Exposure margin prescribed by the exchange. You can view the SPAN margin report in your back office personal ledger. It's updated every day. Example: if the margin requirement for Nifty is Rs 25000, at Zerodha you can trade this at only Rs 10000
*** All Futures positions will be squared off by our RMS Admin desk starting at 3:00 PM. If you have sufficient funds, your positions won't be squared off. Admin square off entails a Call & Trade charge of Rs 20,so please square off on your own to avoid these charges.
Any open position which has a loss of over 80% of the capital will be squared off automatically without margin call. For example, if the exchange prescribed margin for Nifty is Rs 25000, you should have those funds in your account, failing which your position will be squared off. There will be no margin call from Zerodha.
Intraday margins are provided (on request) on the holdings in your account if you have sufficient cash for MTM difference.
**** For buying Options, you have to pay full cash, no margin benefit is provided.
For selling options, the margin requirement is similar to Futures margins. The margin requirement varies depending on the strike price and expiry date.
Strike Price of Option | Margin Required |
---|---|
At the Money | Same as Futures |
In the Money | 30% more than Futures Margin |
Deep in the Money | 60% more than Futures Margin |
Out of the Money | 20% less than Futures Margin |
Deep out of the Money | 30% less than Futures Margin |
The writing/sell price of Options increases based on the expiry date of the option. The near month option will use 20% more margin than the present month option. And similarly, the far month option will use 30% more margin than the present month option.
Add a public comment...
Rs 0 Account Opening Fee
Free Eq Delivery & MF
Flat ₹20 Per Trade in F&O
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|