No. Converting MTF positions directly to regular delivery holdings is not allowed.
If you want to hold the stocks as regular delivery, you will need to square off your MTF position first and then place a fresh Delivery buy order for the same stocks.
Here’s how to go about it:
- Square off your existing MTF position from the app
- Ensure you have sufficient funds available in your account for the fresh purchase
- Place a new Delivery buy order for the stocks you want to hold
Once the Delivery order is executed, the shares will reflect in your Holdings section and Demat statement within T+1 working days.
Easy & quick
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