Yes, you read it right! You can use your stocks lying in your demat account which is linked to your AxisDirect Trading account, to create limits/margins for investing/trading. So let’s not miss any market opportunity from now onwards! Simply mark “Collateral” hold on your stocks available in your Demat account and start trading.
Illustration: Mr. Gupta has following stocks in his demat account.
Note: Currently, collaterals limits can be availed for more than 800 stocks on Axisdirect. The securities, price and values quoted above are for illustration purpose only.
So as you can see, Mr. Gupta could create an additional limits of Rs. 66,000/- just by marking hold on idle stocks lying in his demat account.
Trade with limited
Opportunity to invest or trade even if you do not have immediate funds in your bank account
Convert position to
You can bring funds later to take delivery of your position (Under E-Margin product)
Trade in different
Limits can be used for trading in E-Margin, Intraday, Cover and Derivatives products
Carry position upto
Positions can be carried forward with your E-Margin product up to T+30 days for trades in BSE Exchange