Now create positions in E-Margin with just 25% funds and carry it upto 365 trading days.
E-Margin is a unique product where you can buy stocks in delivery with margin as low as 25% and carry it for the next 365 trading days. During the 365 day trading period, you can either square off or take delivery of your position by bringing in the remaining funds.
To avail E-Margin facility you just need to accept the updated T&C (including rights and obligations). And this facility will be enabled from next working day.
FEATURES & BENEFITS
Buy stocks with margins as low as 25% (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 you positions
For next 365 trading days
Convert to delivery
Option to "convert to delivery" by paying outstanding purchase consideration
Option to "square-off" your open position any time before the due date
Delayed payment charges
Nominal delayed payment charge of 18% p.a. on outstanding amount
There are more than 500 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+365' 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
•Existing E-Margin position taken till Thursday, June 24, 2021 will continue to remain valid for 90 trading days
•Any new E-Margin positions created from Friday, June 25, 2021, will be enabled for 365 trading days