Icicidirect F&O : shares as margin query

i own 1000 shares of reliance natural which i want deposit as margin for trading in F&O in icicidirect
i want to know the following

1) After i deposit the shares as margin and if the share price of shares increases will i be able to get the profit or will icicidirect eat the profit

2) are there any charges for depositing shares as margin in F&O

please hel i am a newbie in share trading

Hi Izzner.......


You will get 65% of the total value of the shares deposited....

Once the are shares deposited,,, you can do trading in F&O,,,, but you have to square-off your open positions before the market closes,,, otherwise ICICIdirect will sell your shares at CMP as F&O are cash settled,, after closing your positions you should withdraw the whole quantity immediately by 4:00pm same day otherwise ICICIdirect will send the shares either to NSDL or CSDL for deposit and for this they will charge you some Depository Fees.. even after sending to Depository you can withdraw the shares but it will take 24 working hours for withdrawl from Depository.... this option is good for intraday trading in F&O,,, but if your position is in loss then you will have no any other option other-than to close the position or let ICICIdirect to sell the deposited shares at cmp,,, if the CMP is lower than your buy price then its loss both the ways.....

Happy & profitable trading...