Kotak Securities has launched Super Multiple in Futures Segment, a service that offers you up to 15 times exposure against your margin on Future Index, and upto 10 times exposure on Future Stock of specified scrips. For e.g., if you have a margin of Rs. 1,00,000/-, you will get up to 15 times exposure on your Super Multiple orders in Future Index, i.e. Rs. 15,00,000/-.

1. You get higher multiple to achieve volume slabs faster and save on brokerages.
2. Using the higher exposure you can capitalise on market opportunities.
3. It helps to limit your loss through a Stop Loss Order.
4. You need not worry about closing your open positions, as the same would be squared-off automatically.

All Super Multiple orders in futures will be "auto-square off" orders with an automatic system-generated Stop Loss Price which you can redefine if needed at the lower end. Your position will be automatically squared off as a market order on or after 3:10pm if, by then, it does not achieve the stop loss price or you do not square it off yourself. Super Multiple orders in Futures is only for Current Month Expiry and can be placed only during market hours.

Disclaimer:
Kotak Securities cannot be held liable for any loss incurred by the client for Non-squaring off/delay in squaring off the positions automatically due to either illiquidity in the particular security or due to technological problem at either Brokers/Exchanges end. Further auto square off orders are placed as the market order and orders are matched against the best price at exchange level. Kotak Securities does not have the control over the price ruling in the market when the orders are matched by the exchange.