Comment on Direct Market Access (DMA) for retail investors?
commented on
29 Jul 2020, 05:40 PM
Hi,
If I am correct, new upfront margin collection framework in Equity cash segment will be in effect from 1st August, 2020 ?
I have following questions :-
1. Do we will need to provide margin for selling stock in which is already in our Zerodha’s Demat Account ( irrespective whether PoA is provided or not ) ?
2. Suppose I buy any stock today with 100% fund on delivery basis and would like to sell it the very next trading day. Will I require to provide margin while selling the stock on T+1 day because it is not settled demat account ? Also, if I buy another stock on T+1 day with the sale proceed of previous stock will there be margin shortage then ?
3. Suppose I already held (x) no. of shares of company A in Zerodha’s demat account. On T day, I buy (y) no. of shares on same the company A. Will there be any margin requirements if I sell (x+y) no. of shares of company A on T + 1 day.
@nithin0dha, If you could explain I will be more than happy