Super Multiple in Cash Segment
Kotak Securities has launched Super Multiple, a service that offers high exposure against your margin, on specified scrips.
Now, you can enjoy multiples of 8x with effect from April 3rd, 2020. This means, if you have a margin of Rs. 1,00,000, you will get up to 8 times exposure on your Super Multiple orders, i.e. Rs. 8,00,000.
Benefits of Super Multiple
- You get a higher multiple on specified scrips.
- Using Super Multiple you can achieve volume slabs faster and save on brokerages.
- You can capitialise on market opportunities using higher exposure.
- It helps to limit your loss through a Stop Loss Order.
- You need not worry about closing your open positions, as the same would be squared-off automatically.
All Super Multiple orders are "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 at 3:10pm if, by then, it does not achieve the stop loss price or you do not square it off yourself. Super Multiple is available for both cash and futures segment
Demos:
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.
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- Safe equity trading
- Less volatility due to lock-in period
- Save taxes
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