nope have to be courier
and one more interesting thing about finvasia is
you have 80 share of reliance in demate and R.s 0 in trading account
sell 80 in cnc
and 1 min later try buying 80 in cnc order will not go
wont allow to buy 80 even if price reduces .
u place 40 buy cnc will go execute
then 20 will do cnc
do 19 cnc
it will do in end 1 share it won;t allow u no matter wat
now thats harasing a cnc seller
so will only allow 79 shares to be buy back and will ask u to pay R.s 500 lol if u want to cover your left over 1 share
thats a BS
it;s good now we have upi FREE so i can cover it all lmao but lets see how long govt will keep upi free
god it be fun to put 2 otps like idiots from tomorrow for non poa's
Had a problem this Friday in Finvasia in this type of matter.
Had 50 qty of a pharma stock in DMAT .
sold in "
intraday " , bought it back cheaper & sold again
in Intraday & sold
some more "
in intraday ". Then at 3pm I pressed convert from MIS to CNC as I have more than this short quantity. in Dmat
7pm they are calling me Iam short & have to transfer this quantity via CDSL Easiest to the broker account .
Daily trade log shoes short more than long (but less than my long DMAT quantity .
( I do this in Zerodha daily with out any issue -sometimes I sell in CNC , buy as MIS & if unable to sell it profitable , convert to CNC & square of the against original CNC sell.
Long story short- Today Mr Yogesh called me & helped me to open cdsl Easy/Easiest account
via AnyDesk mirror software . The matter is not yet over as CDSL takes 1-2 hours to approve . So monday morning I have to trasfer this short quantity from my dmat to broker a/c with his help to resolve this small matter. I dont think Zerodha top Management people will call & walk you thro the process!
Finvasia RMS desk not consistent : Friday I had a steel stock intraday Long. it was "autoclosed by RMS ar 3.21 pm at a loss "
(of course no ₹50+ GST fee like zerodha) I saw that RMS closing trade I bought that stee lstock in zerodha in CNC at 3.28pm .
Why not autoclose this pharma MIS short?
Only consolation: Now my CDSL easiest a/c has been opened for Finvasia which I could not do by myself.
Conclusion : ,in future I wont buy any more stocks under CNC/ convert MIS to CNC at 3pm .
if under water or not. I will close my nose take the loss & close the intraday position & buy it in zerodha in CNC (if I feel it will pop next day at open ,atleast BTST option is there in zerodha .Finvasia can sell only 2nd day ).
If you are a positional trader & dont want to daily sell the same scip & buy back - Finvasia no issues .
No AMC . No charges of any type.
CDSL charge is only ₹9+ gst unlike zerodha's 13.5+ gst./per scrip.
But in future I will stick to only intraday trading in Finvasia for stocks
(futures/options,currencies have no such DMAT issues )
Note : As a non POA client both in zerodha & Finvasia -
to sell CNC Dmat stock : CDSL demands Tpin +otp (ofcourse otp comes instantly in both Airtel & Idea ). So torture procxedure is the same(5-10 seconds delay you may profit or loose)