hi-new joinee

#1
hi all,

i am new to traderji and trading too.i am very much interested in trading but have few doubts about trading.first one is ,can someone please tell me what is haircut in my trading as i am seeing the same in my margin statements daily.

Raju
 
#2
Hello,

Haircut is margin employed for your stock. For example you purchased 100 shares of Rs 100 each. suppose exchange employed a haircut of 15% on that.

You purchase stock rs 10000(100*100).For carrying this shares you have Rs1500 in your account. (10000*15%).

Haircut will vary on category (A to Z). As every share comes in category. Haircut keep on changing .

Thanking you

Arpit Sethi
 
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