+ Expand AllGood Till Cancelled (GTC) FAQ's
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QWhat is "GTC"?A
GTC stands for Good Till Cancel. GTC is a type of order that enables client to place buying and selling orders with specifying time interval for which instruction of request remains valid.
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QWhat can be the maximum validity of a GTC order?A
The validity of a GTC order can be specified by the customer between 1 - 365 days.
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QIs this facility available for all segments?ANo, this facility can be availed only under Equity CASH segment.
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QHow does GTC order feature work?A
GTC request works on instructions given by client to place buy and sell order in given scrips till the period of time selected for GTC orders, provided that execution of entire quantity has not taken place.
Buy Order Example
Current market price is = 250
Scrip Name = ABC
Quantity = 100
If you wanted to buy this scrip at 200 Rs. in the next 200 days, you can place a GTC order with buying price = 200, Quantity = 100 and select your Close date (i.e. 200 days from today's date).
Sell Order Example Current market price is = 250
Scrip Name = ABC
Quantity = 100
If you wanted to sell this scrip at 300 Rs. in next 200 days, you can place a GTC order with selling price = 300, Quantity = 100 and select your Close date (i.e. 200 days from today's date). -
QIs this facility available for all clients?AYes, it is available for all clients who are activated for online trading facility.
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QCan I Sell stocks not available in my Demat account using GTC?ANo. Customers are required to ensure that the stocks are available for delivery in their demat account.
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QCan I place GTC orders with disclosed quantity?AYes, while placing GTC order one can specify disclosed quantity.
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QCan I place Stop loss GTC order?ANo, with GTC order stop loss orders cannot be placed.
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QCan I place market orders with GTC facility?ANo, with GTC facility market orders cannot be placed. It is allowed only with limit price.
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QCan GTC order be placed during the pre-open session?A
Yes, during the pre-open session one can place cash orders with GTC order validity. Order sending (to respective exchange) will start only after market opening received from respective exchanges.
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QDo I need to have sufficient margin for placing orders with GTC order validity?A
At the time of order placement Kotak Securities accepts GTC orders without checking margins unlike normal cash orders. For the successful execution of GTC order one need to ensure sufficient margin in account. If sufficient margin is not available at the time of order placement to exchange, the GTC order will be cancelled for the day.
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QWhat is Order Close Date?A
Close date is the last date chosen by the customer till which the GTC order will stay valid.
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QHow can I specify the Close Date?A
Close Date can be selected from the calendar given in GTC order placement form.
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QWhat happens if GTC order Close date falls on a non-trading day?A
If GTC order Close date falls on a non-trading day, order will be closed prior to non-trading day.
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QIs GTC available for all exchanges?A
GTC is available under cash segment for NSE and BSE.
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QCan I place GTC orders at any time during the day?A
Yes, you can place GTC orders at any time during market hours and even post market hours.
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QIs GTC available through call and trade?A
Yes, you can place GTC orders through call and trade.
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QIs there any limitation on number of GTC orders?A
No, there are no such limitations. You can place multiple GTC orders.
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QIs there any limitation on number of scrips in which GTC order can be placed?A
No, there are no such limitations on number of scrips in which GTC order can be placed.
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QIs GTC available for all scrips?A
GTC is not available for illiquid scrips.
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QIs there any limit on the value of the GTC orders for particular scrip?A
Yes, there is a limit on the total value of orders placed on a single scrip by the client as follows:
Scrips under super multiple order values should be less than 2 Crores and for others it would be less than 15 lakhs. -
QIs there any additional charge applicable on GTC?A
No, there is no additional charge for GTC orders. The Brokerage rates and applicable charges are same for as your normal Cash transactions.
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QWhat would be settlement cycle for GTC order if traded?A
Trades due to GTC orders can be settled as normal cash trades on T+2.
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QCan I cancel GTC orders?A
Yes, you can login to your account and visit the GTC order to modify or cancel your GTC orders any time when the order is reflecting under Active / Placed (not rejected or cancelled by Exchange) status.
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QWhen will a GTC order trigger in market?A
GTC orders will trigger in market if LTP of stock is under GTC order range.
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QWhat if market opens with a gap?A
GTC orders where CMP is below GTC order price range, order will not trigger.
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QCan I modify GTC order during the market hours?A
GTC orders which are not sent to exchange will be available for modification. You cannot modify GTC orders sent to exchange or when it is in active status. To modify price you can cancel the existing order and can place new GTC or normal order.
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QWhat if my account is under margin shortfall and top up my margin during the day?A
If available margin in account is not sufficient at the time of triggering GTC order, any top-up during the day will be ignored.
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QWhat if insufficient margin in my account, will the GTC order be processed?A
The trading system will check for the available margin while sending GTC orders to exchange. In case of insufficient margin order will not sent to exchange.
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QWhen GTC order will be sent to exchange?A
GTC order will be sent to exchange only if order price range falls under below given price range.
Price Range Order will send to exchange if price falls under % 0-49 10% 50-199 5% 200-499 3% 500 and above 2%
- Mandatory by SEBI
- Easy Portfolio Management
- Security of Equity Investments.
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