E-Margin now get best from better!!!
E-Margin is a unique product where you can buy stocks with margins as low as 20% and carry it for T+30 days on BSE exchange. Whats more, you get upto Rs 500 brokerage cashback against delivery brokerage generated on E-Margin positions.
FEATURES & BENEFITS
Buy stocks with margins as low as 20% (as against 100% in case of Delivery position)
Use Collateral as Margins
Use your existing stocks as margin and create limits to buy stocks in E-Margin
Hold your positions
Upto T+30 days in BSE and upto T+5 days in NSE
Convert to delivery
Option to "convert to delivery" by paying outstanding purchase consideration
Option to "square-off" your open position any time before square off due date
Delayed payment charges
Nominal delayed payment charge of 18% p.a. on outstanding amount
There are more than 450 stocks enabled for E-Margin. To view complete list of stocks eligible for E-Margin: Visit AxisDirect > Trading section
> Report > Stock eligibility report.
AxisDirect reserves the right to modify the 'T+5/30' day in NSE/BSE for square off either by reducing the days or by extending it further, due to regulatory guidelines or otherwise
In case of uncovered mark to market losses or margins, the positions may be squared off by Axis Direct as risk containment measure