+ Expand AllWhat is Super Multiple and How Does it Work?

This facility is available only for online trading customers.

Super Multiple is a service that offers you up to 50 times exposure on specified scrips against your margin. For e.g. if you have a margin of Rs. 1,00,000, you will get up to 50 times exposure on your Super Multiple orders, i.e. Rs. 50,00,000.While placing Super Multiple order first define scrip, quantity then select order type as Super Multiple after that you need to define stop loss trigger price for the given Super Multiple Order. Please note scrip multiple is offered based on liquidity, volume, volatility etc. In case of change in any of these factors, scrip multiple may reduce.

You can place a stoploss trigger price in case of buying order as range between 1% below LTP to 1.01*Lower Circuit limit & for selling order as 1% above LTP to 0.99*Higher Circuit limit
For example:-
An ABC company is trading at 100 with Circuit Limits 70 –130, the stop loss trigger price can be defined as below :-
1. SLTP range for buying order :- 99 to 70.7
2. SLTP range for selling order :- 101 to 128.7

Super Multiple is designed for traders who wish to take the advantage of intra-day trading in huge volumes and thus make the most of market conditions. It is an auto square off product. With Super Multiple you can take a position on particular scrip(s) on a particular day and avail upto 8 times exposure on the available margin. You will have to square off all your open positions within 3.10 pm on that day itself, after which our system will automatically square off your open positions.

Since Super Multiple offers you high exposure levels, it is necessary that you square off all your open positions on a particular day by 3.10 pm. Incase you don't square off your positions, our system will automatically square off all open Super Multiple positions on the scrip(s) after 3.10 pm.

Since Super Multiple offers you high exposure levels, it is necessary that you square off all your open positions on a particular day by 3.10 pm. Incase your order is partly traded and you don't square off your positions, our system will automatically cancel the pending order and square off all open super multiple positions on the scrip(s) after 3.10 pm .

• In order to modify the details of the order that you had placed earlier, click on Check Order status in Equity menu.
• Click on the text box next to the name of the scrip under the Stop Loss order.
• On the next screen, change the details (please see next question for knowing more on modifying orders). Click on Change Order.

• In order to modify the details of partly traded order that you had placed earlier, click on Check Order status in Equity menu.
• Click on the text box next to the name of the scrip under the Stop Loss order.
• On the next screen, change the details (please see next question for knowing more on modifying orders). Click on Change Order.

No. A Super Multiple Position can only be squared off by placing a Super Multiple Order against the position that you want to exit.

Yes you can square off partly traded super multiple orders. Please ensure to maintain sufficient gap between the stoploss order and book profit order to avoid self-trade.

In order to know how much margin has been utilized while using Super Multiple facility, you need to click on Available funds link in Equity Menu. Once inside the screen, you can click on the amount displayed below the Margin utilized column to get details on the valuations and multiples offered on the scrip.

Important note: Any open position on a scrip using Super Multiple has to be squared off within 3.10 p.m. on that day itself, after which time our system will automatically square off all open positions

You cannot place an opposite order in a scrip if you already have an open position in the same scrip. For example, if you place a buy Super Multiple order with a sell Stop Loss order, then you cannot place a Sell Super Multiple order in the same scrip till the buy position is squared off, i.e., to take a sell position you have to square off your buy long position first and vice-versa.

Super Multiple orders can be placed in NSE cash only

Super Multiple orders can be placed in NSE only.

There might be different reasons for non-acceptance of your order which can be:-

• You don't have sufficient margin in your account.
• Scrip in which you are trying to place order is not available for super multiple.
• If price of your stop loss order is out of daily price range.

If you want to carry supermultiple position go to Report > Today’s Position select supermultiple position click on mark delivery. Now you can define quantity and click on ok to convert supermultiple position to delivery. Please note that system will check for margin required to convert position from supermultiple to delivery, You will not be able to convert position from supermultiple to delivery in case of insufficient margin.

Convert to delivery option is not available for partly traded super multiple orders.

• To Square off an open position, click on Today's Positions under Reports. This screen would show you the details of your open positions. Click on the position you want to square off.
• Click on EXIT & set the price as either Limit or Market at which you would like to square off the position. Click on Square Off & Confirm.
• You will be shown a screen having the reference number of the transaction. You can also check the details of this transaction by clicking on Order Status.

Note: Please note that you can square off any open position in Super Multiple only through today’s positions. In case you place orders by not marking Super Multiple order, it will be considered a fresh order and hence it would not be considered as a square off of your Super Multiple position.

No. you cannot modify your limit order for square off to a market order. However, you can cancel the limit square off order & place a fresh square off order at Market price.

Yes, you can place a fresh square off order at market price.

Please follow the steps mentioned below to place an order in a scrip using Super Multiple:

• Login to www.kotaksecurities.com by entering your UserId and Password > click on generate access code.
• Enter access code and click on login.
• Once inside the trading section click on Place Order Menu > Equity select segment (Equity / Derivative)
• Select Buy / Sell > Select exchange > Type and Choose the scrip that you want to buy/sell and specify the quantity that you wish to trade in > Under the Order type choose Super Multiple Define Order price and Stoploss Trigger Price For super Multiple Order > click on Place Order.

Please note that the stoploss orders in super multiple product are placed at Limit Price

As with other normal orders that you place at www.kotaksecurities.com, you can check the order status of scrip (that has been bought/sold using Super Multiple) by clicking on the Check Order status Screen. This screen will show your order status details such as the quantity that you had placed an order for, the Limit/Market price at which the order was placed and also the details of the Stop Loss order. All orders placed using Super Multiple facility will be marked as Super Multiple.

You can modify the details of the Stop Loss Trigger Price but not the Leg1 Market order that you had placed initially as the market order would get traded the moment it is placed. If you have placed Leg1 super multiple order as limit then even first leg order will be available for modification in case if its partly/not traded. Even in the Stop Loss trigger price modification is possible and but not the quantity.

For ex-

Case 1:
If you have placed a Super Multiple order to buy 100 Qty of ABC at Rs.1500 and defined Stop Loss trigger price as Rs.1480. You can modify this Stop Loss trigger price to Rs.1479.

Case 2:
If you have placed Super Multiple order to buy 100 Qty of ABC at Limit price of Rs.1500, defined Stop Loss trigger price as Rs.1480 & if the trade has been executed partially then you can modify the Stop Loss trigger price by keeping minimum 1% gap of the Limit buy order and you can also modify the Buy order by keeping minimum 1% gap from stop loss trigger price.