What product types are available in Mastertrust when placing an order?

What product types are available in Mastertrust when placing an order?

Delivery
This option is used for delivery-based trading in equity. This product type allows you to hold stocks for any duration you want. Using this product type, you will not get any leverage, nor will your position be auto squared off. You will not be able to take any short positions using delivery however, you can sell the stock from your Holding using this product type.

Note: This is just a product type. If you use this option to buy and sell a share on the same day, it will still be considered as an intraday trade and the brokerage will be levied as per intraday.


Intraday
Intraday product type is used to get the intraday leverage.  All open positions under the Intraday product type will get automatically squared off if they are not closed before the auto-square off time. Auto square off time in mastertrust is 03:20 PM.

Overnight (NRML) 
This product is used for overnight trading of futures and options. You can use the NRML product type in derivatives to carry your position till expiry. Intraday leverages won’t be provided using this product type.

MTF
Margin Trading Facility (MTF) is a service that enables you to purchase shares by paying only a portion of the total cost. The remaining amount is funded by mastertrust and interest is charged on this amount.

MTFS
This option can be used if a customer wishes to sell his MTF buy position.



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