Can I Convert an Intraday Position to MTF?

No. Converting an intraday (MIS) position directly to MTF is not allowed.

If you want to hold the stocks under MTF, you will need to square off your intraday position first and then place a fresh MTF buy order for the same stocks.

Here’s how to go about it:

  1. Square off your existing MIS position before market close
  2. Ensure you have sufficient margin available in your account for the fresh MTF order
  3. Place a new MTF buy order for the stocks you want to hold

Once the MTF order is executed, daily interest will start accruing on the funded amount from the next day.

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