What happens if I sell shares on the same day after buying them through MTF?
What happens if I sell shares on the same day after buying them through MTF? |
When you buy a stock using the Margin Trading Facility (MTF) and sell the same stock on the same day from your regular holdings, no margin funding will be provided, and the MTF position will not be carried forward. As Jainam's system identifies such same-day buy and sell transactions in the same stock as intraday trades. Therefore, even if the shares are sold from regular holdings, the buy and sell transactions are internally netted off, and no MTF funding is applied. For example: You buy 50 shares of XYZ Ltd. using MTF at ₹200 per share. Later that day, you sell 50 shares of XYZ Ltd. from your regular free holdings. The system nets off these trades at the end of the trading day, and no MTF position is created, and hence no margin funding is provided. RELATED FACTS:
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