Comment on ZT-Position Conversion

Suriyakumar Jayabal commented on 26 Aug 2014, 10:16 AM

Hi Nithin,

1. In position conversion, I understand I can convert MIS to CNC only if I have bought the shares (Buy Orders).
I cannot convert MIS to CNC if I have shorted (initially executed a Sell Order in MIS and I am thinking of buying it in later part of the day).
Please correct me if I am wrong.

2. If I convert from MIS to CNC successfully, then the brokerage applicable will be as if I have bought the shares as CNC and no brokerage related to the initial MIS order will be applied. Correct me if I am wrong.
Also, as u have said in comments, there is no specific position conversion related charges from Zerodha.

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