Day Trading Stocks & Futures

[mohan.sic]

why interest... I am only playing with available margin.... interest will be charged if there is shortfall... btw interest is around 0.05 perc per day I guess

I am asking for interest on pledge

 

[Dr. Jan Itor]

hi, i mean interest rate.

margin pe interest nahi charge karte... they are not supposed to, at least... margin is provided by exchange, not the broker... he can only charge you for pledging and repledging revoking the pledge...
kuch instruments pe cash margin bhi milta hai btw...

 

[mohan.sic]

margin pe interest nahi charge karte... they are not supposed to, at least... margin is provided by exchange, not the broker... he can only charge you for pledging and repledging revoking the pledge...
kuch instruments pe cash margin bhi milta hai btw...

Hey i am just asking what is rate of interest they are charging on the loan against pledged portfolio..
I pay 15% in kotak ....

 

[Dr. Jan Itor]

Hey i am just asking what is rate of interest they are charging on the loan against pledged portfolio..
I pay 15% in kotak ....

Thats what we're saying... 0% in zerodha (if they've changed something in the last month, toh nahi pata)...

 

[Dr. Jan Itor]

Ye retail walo ke saare paise "MF sahi hai" mein chale gaye lagta hai... nothing left for Lodha...

 

[mohan.sic]

Thats what we're saying... 0% in zerodha (if they've changed something in the last month, toh nahi pata)...

Am not clear how broker can fund the ac free of cost.

1. Suppose I have 20 lak stock at 10% haircut with zerodha, then I pledge them and get 18 lakhs. Then use this 18 lakhs as collateral margin for option writing ?

No interest on the 18 lakhs margin used ?

 

[cinderblock]

For any position you need to bring in 50% cash. If for instance you have 1 NF lot, you only need 80k in cash. The other 80k can be collateral.
No interest on 80k.
If cash margin falls below 50%, only then will interest bw charged at 0.05% a day (on the debit balance only)

 

[mohan.sic]

For any position you need to bring in 50% cash. If for instance you have 1 NF lot, you only need 80k in cash. The other 80k can be collateral.
No interest on 80k.
If cash margin falls below 50%, only then will interest bw charged at 0.05% a day (on the debit balance only)

yes read that now in zerodha site, but even then its a great deal.. If I bring equal amount of cash or equivalent like liq bees, we get the other 50% at no cost..right ?

So if I borrow a loan of 18 laks at 15% from outside and bring cash to zerodha and the other 18 lakhs coll margin available in zerodha against pledge without interest.. I can trade with 36 lak capital at cost of cap 7.5% ..is this correct ?

 

[cinderblock]

Yes. 50% at no cost.
But under loans T&C, you can't use personal loan for speculative activities.
But of course, no one is going to check

 

[mohan.sic]

Yes. 50% at no cost.
But under loans T&C, you can't use personal loan for speculative activities.
But of course, no one is going to check

I even used kisan credit loan for trading...