"Intraday Future" is designed for traders who wish to take the advantage of intraday trading in huge volumes and take more leverage of market conditions. Benefits of Intraday Future trading are
Reduced Margin requirement.
All open positions will be squared off automatically, hence no need to worry about closing open positions.
What categories of clients eligible to trade in Intraday Futures?
This facility is available for both Online and Offline customers who had signed:
New Terms & Conditions.
Intraday terms & conditions (Can be accepted online also).
What are the exchanges I can do Intraday Futures trading?
In NSE Futures segment you can do Intraday Futures trading.
What are the scrips eligible under Intraday Futures trading?
Stocks which are forming part of Nifty, MINIFTY, BANKNIFTY and Nifty index Futures are enabled for Intraday Futures trading.
What are the contracts available for Intraday Futures trading?
Current month contracts are enabled for Intraday Futures trading.
What will be the margin requirement for trading in Intraday Future?
50% of SPAN margin is required to place "Intraday Futures" orders. Geojit Financial Services Ltd may at its discretion due to market volatility and its risk perception, may change the Margin requirement as and when required.
SPAN margin requirement of all contracts are available in Customer Care site under the option "F&O –> F&O Intraday".
Is Portfolio wise margin applicable to Intraday Future positions?
No. Irrespective of hedge positions 50 % of SPAN margin will be applicable to all open Intraday Futures positions.
Do I get exposure against holdings for Intraday Futures trading?
Yes, exposure against holdings can be availed for taking position in F&O. Same can be physically signed from branch or can be accepted from Customer Care Sit -->F&O --> F&O Undertaking.
How do I place orders in Intraday Futures?
In order to place Intraday Futures order, select the product type as "Intraday" in order panel while placing the order.
Is there any maximum/minimum limit applicable for trading in Intraday Futures?
There is no maximum or minimum limit applicable for trading in Intraday Futures.
What is minimum threshold limit for Intraday Futures?
Threshold limit for Intraday Futures position is 90%. Client is responsible to ensure that the available margin with Geojit Financial Services Ltd is always above the minimum margin levels.
What happens if Minimum threshold limit breaches?
If the margin deposited with us erase by 90%, then Geojit Financial Services Ltd may cancel the pending orders and place square off orders to close all or some of the positions to absorb additional margins.
Is there any cut off time for Intraday Futures Trading?
Intraday Future orders can be placed between 9.15am to 3.10pm. From 3.10pm onwards Auto square off process shall be triggered. However after market orders can be placed in this segment from 4.15 Pm to 8.45 AM.
Can I convert my Intraday Future position into Normal Future position?
Provision to convert Intraday Futures into normal Futures is currently not available.
Do I need to sign any agreement for availing this facility?
Yes. New Terms & Conditions has to be signed by you for trading in Intraday Futures. Please contact the branch to get the T&C. Also Intraday Terms & Conditions are to be accepted either by signing physical agreement or from customer care site.
What are the brokerage & other charges applicable to intraday futures?
Normal Futures brokerage & other charges will be applicable to Intraday Futures positions.
What happens if there is no clear credit balance available in account to meet Intraday Future trade dues?
In such events, Geojit Financial Services Ltd may sell/transfer the shares in the demat account and the client shall be solely responsible for any losses arising out account of the same.