Yes, but the conversion does not happen automatically. You need to contact Samco’s support team to initiate the process.
Before raising a conversion request:
- Make sure you have sufficient funds available in your account
- The outstanding dues on the MTF position funded amount plus any accrued interest must be settled first
How to get it done:
- Keep your funds ready to clear the outstanding dues
- Contact Samco’s support team via the in-app support option or helpdesk
- Once dues are cleared and the request is processed, the shares will reflect in your Holdings section and Demat statement
Easy & quick
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