Yes. In case of Options, since premium value ranges from Rs. 0.05 to say Rs. 1,000, we have defined different ranges and accordingly have different 'Trigger & Limit difference %' in Options cover based on the internal risk criteria of AxisDirect.

Illustration:

Assume Axisdirect has defined below criteria for different %

Trigger Range

(Rs.) Trigger LIMIT Difference %

10--25 59%

25--50 49%

25--100 39%

100--500 29%

Limit price computed if Trigger set by customer is 20: {20 – (20*59%)} = {20 – 11.8} = 8.8

Limit price computed if Trigger set by customer is 40: {40 – (40*49%)} = {40 – 19.6} = 20.4

Limit price computed if Trigger set by customer is 80: {80 – (80*39%)} = {80 – 31.2} = 48.8

Limit price computed if Trigger set by customer is 200: {200 – (200*29%)} = {200 – 58} = 142