Comment on Zerodha F&O margin Calculator

Pranav commented on 09 Sep 2018, 11:00 AM

Hi,
I have gone through this forum twice. Contacted Zerodha Cust. care once. But I am still carrying a confusion. I hope someone clarifies it. This is regarding the cash balance and margins.
My initial cash balance before I take a future contract – 80000.
I buy a MSUMI Oct Fut contract with margin requirement SPAN 35000 + Exp – 24000 = Total 59000.
So after buying the contract – Margins blocked – 59000. Cash available – 21000.
Now that the free cash balance is 21000 (which is less than SPAN) will I get a margin call.
Or this free cash balance can be utilized for taking another position (like an option / equity stock).
My interpretation and the customer care exec. tells me that the free cash balance should also be above SPAN.
So for buying a future contract – the total amount I need to have = SPAN (already blocked) + Exposure margin (already blocked) + Free cash (atleast = SPAN).
Please clarify.

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