Yes. With Samco’s StockPlus , you can pledge your existing shares and mutual fund holdings to generate collateral margin and use it for F&O trading without needing any cash balance in your trading account.
How does it work?
You pledge your shares through Samco Star Back Office. Once pledged, a haircut is applied to the market value of your shares and the remaining amount is credited as collateral margin in your trading account.
For example, if you pledge shares worth ₹1,00,000 and the haircut is 10%, you receive ₹90,000 as collateral margin to trade with.
What is a haircut?
A haircut is a percentage deducted from the market value of your pledged shares to account for price fluctuations. The haircut percentage varies by stock and liquid large-cap stocks have lower haircuts while smaller or volatile stocks have higher ones. You can check the haircut for any stock using the StockPlus Margin Calculator on the Samco website.
Where can you use the collateral margin?
Collateral margin from StockPlus can be used for F&O intraday and overnight positions, currency derivatives, and equity intraday orders.
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