Margin funding allows the investors to take leverage positions in the stock market, client has to pay margin of 35 % to 70% depending upon the scrip and rest is funded by us. To put it simply, for example in case of scrip prescribed for 35% margin, if client pays cash margin of Rs.35,000/-, he can buy shares of Rs.100000/- and funding by us would be of Rs.65000/-.
Margin can be provided in cash as well as approved securities.
Scrips: Funding only against approved securities as per the list approved by the management from time to time.
Corporate Action benefits like bonus, dividend etc continue to accrue to the borrower.
Any appreciation in the value of the Securities given as margin would automatically allow enhancement in drawing power.
Interest will be calculated on the amount utilized & the actual period for which it is utilized.
Clients can view their financial statement and holdings online.