The Margin Intraday Square-off (MIS) facilitates you to take leverage in intraday position in cash & futures. Unlike CNC, instead of blocking 100% as margin, it only blocks a pre-specified percentage as margin.
You can Buy and Sell stocks on NSE and BSE during the trading hours. You need to square off all open positions under MIS product before 3:20 p.m. on same trading day.
There are two additional features in the MIS that enhance your intraday buying positions viz. Plus Multiplier and Super Multiplier – both these are intraday products as well.
MIS is a product that offers approximately 5 times exposure in cash segment, 6.5 times in stock futures and 10 times in index futures.
By default all our clients are offered this product.
If you wish, MIS positions can be converted to any other product such as NRML or CNC before the specified cut-off, subject to the availability of the required margin.
However you cannot take positions in options under MIS.
Note: Reliance securities will perform a square off process for all positions under MIS at 3:20 p.m. daily and this process will square off all open positions under MIS at market price.
Reliance Securities will not be responsible for any losses incurred by the client during the square off process.
To boost your trading potential, Reliance Securities Ltd has launched the 'Plus Multiplier'. This product is an extension of our existing product - Margin Intraday Square-off, wherein you get exposure against margin on intraday trades & if you do not square-off or convert such positions by 3:20 PM, Reliance Securities will square-off such open positions before the market closes.
Plus Multiplier is a product that offers approximately 10 times exposure in cash segment, 8 times in stock futures and 15 times in index futures.
Advantages of Plus Multiplier
• This product allows you to take high exposure against margin
• A feature to unleash trading potential to take advantage of market opportunities]
• If unable to close open positions, the positions will be auto squared-off. You don’t need
to be in front of the trading system throughout the market hours
• Take positions in Equity and Futures segments
• Take leveraged positions on available margins for the day
• Approximate exposure up to 10 times in cash, 8 times in futures stocks and 15 times in
futures index
For more details please visit the nearest branch or contact your RM. For any query please write to us at customer.support@rsec.co.in
Reliance Securities will not be responsible for any losses incurred by the client during the square off process.