how long it takes to get equity in the demat account if a CNC order is placed? so that it is ready to sell.
and is there an automated way to convert MIS orders to CNC orders so that we can void booking loss and instead we can hold the position till the next day (before settlement day i.e. T+2).
Thanks I checked the link, it is very useful. Also, does this mean, that if i have place MIS order during the day and i can convert it to CNC just before 3:20pm to void automatic squaring off, of course i will be charged differently.
(more of a business question ) Also shouldn't the automatic squaring off be happening on T+2 day if not able to convert to CNC.
Hi, If you have enough margin then you can convert your MIS position to CNC. MIS positions are squared off everyday, if you convert to CNC then it will remain CNC next day also. If you have equity position then, from next day it will be displayed in holdings wherein quantity will be displayed as t1 quantity.
Once you buy a stock, it takes two working days to reach your demat.
Check out position conversion details here.
(more of a business question )
Also shouldn't the automatic squaring off be happening on T+2 day if not able to convert to CNC.
If you have enough margin then you can convert your MIS position to CNC.
MIS positions are squared off everyday, if you convert to CNC then it will remain CNC next day also.
If you have equity position then, from next day it will be displayed in holdings wherein quantity will be displayed as t1 quantity.