Knowledge Base

When placing an order on Nest Trader, you need to select a Product Type. The three options are MIS, NRML, and CNC and each serves a different purpose.

CNC (Cash and Carry)

CNC is used for equity delivery trades. When you buy shares under CNC, the shares are credited to your Demat account and you can hold them for as long as you want. There is no auto square-off for CNC positions.

Use CNC when you want to invest in a stock for the medium or long term.

MIS (Margin Intraday Square-off)

MIS is used for intraday trades. Positions taken under MIS must be squared off within the same trading day. If you do not square off, Samco will auto square-off your MIS positions before market close.

MIS positions require less margin compared to NRML, making it suitable for short-term intraday trading.

NRML (Normal)

NRML is used for two purposes:

• F&O trades — For futures and options positions that you want to carry forward overnight. NRML positions are not auto squared-off at the end of the day and can be held until expiry. Full exchange-mandated margin is required.
• MTF (Margin Trade Funding) in Equity — If you want to buy stocks using MTF on Nest Trader, select NRML as the product type while placing an equity order. This allows you to carry forward your leveraged equity position beyond the same day.