Home
Account Login
Not Logged In
☰
  • Trade Now
  • About Us
    • Why Choose Us
    • About Kotak Securities
    • About Kotak Group
    • Service
    • Media
    • Careers
    • Current Openings
  • Product
    • Asset Classes
      • Tax Free Bonds
      • Gold ETF
      • Stock Lending & Borrowing (SLBM)
    • Trading Tools
      • Website
      • KEAT PRO X
      • Kotak Stock Trader
      • Call and Trade
    • Account Types
      • Demat Account
      • Private Client Group (PCG)
      • 2 in 1 Account
      • Trinity Account
      • NRI Account
      • Foreign Investors (QFI)
    • Value Added Features
      • Margin Intraday Square off (MIS)
      • Stock Basket (smallcase)
      • Margin Trading Facility
      • Super Multiple
      • BNST
      • Portfolio Tracker
      • Capital gain report
      • Use Stocks as Margin
      • Knowledge Bank
      • Refer and Earn
  • Pricing
  • Research
    • Live Research Calls
      • Fundamental Call
      • Technical Call
      • Derivatives Call
      • SIP Call
      • Top Monthly Picks
      • Pick of the Week
    • Kotak Research Centre
    • Latest Research Reports
      • Stock Recommendations
      • Research webinars
    • Sample Research Reports
  • Help
    • Contact Us
    • Get Your Account Statements
    • Open an account
    • Demos
    • Forms
  • More
    • Startup Engagement
    • Kotak University
    • Franchisee
Home » Faqs » Equity » Super Multiple Faqs
HELP: Customer Queries
  • Demos
  • Forms
  • Chat
  • AC Details
  • Currency Derivatives
  • Derivatives Basics

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

Super Multiple Option is available as Bracket Order for Offline customers.

  • QFor whom is this facility available?
    A

    This facility is available only for online trading customers.

  • QWhat is Super Multiple?
    A

    Super Multiple offers high exposure on select stocks and Futures & Options contracts. Super Multiple orders can be used for Cash and Futures & Options trades. While placing a Super Multiple order first define scrip and 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.

  • QWhat will be the allowable range for stoploss trigger price?
    A

    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

  • QHow does Super Multiple work?
    A

    Super Multiple is designed for traders who wish to take the advantage of intraday trading in large volumes, and thus, make the most of market conditions. With Super Multiple you can take a position on particular scrip(s) on a particular day and avail high exposure on your available margin. Super Multiple is an auto square off product. As such, you are required to square off all your open Super Multiple positions before 3:10 pm on the same day, after which our system will automatically square off your open Super Multiple positions.

  • QWhat will happen if I don't square off my positions by 3.10 p.m.on a particular trading day?
    A

    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.

  • QWhat will happen if my order is partly traded and I don't square off my positions by 3.10 p.m.on a particular trading day?
    A

    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 .

  • QHow can I modify the order that I had placed earlier?
    A
    • 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.
  • QHow can I modify the partly traded order that I had placed earlier?
    A
    • 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.
  • QCan I Square Off my Super Multiple Position by placing a Normal Square Off Order ?
    A

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

  • QCan I place square off order for fully/partly traded Super Multiple Limit order?
    A

    Yes you can square off fully/partly traded super multiple orders. Please ensure to maintain sufficient gap of 1% between the stoploss trigger price and book profit order to avoid self-trade.

  • QHow do I know how much margin I have utilized?
    A

    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

  • QCan I place a sell order on a scrip when I already have a Buy position in open in the same scrip?
    A

    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.

  • QWhich segments can I place Super Multiple orders in?
    A

    Super Multiple orders can be placed in NSE cash as well as NSE futures segment. Please note that position can be taken only in current month contracts only.

  • QWhich exchanges can I place Super Multiple orders on?
    A

    Super Multiple orders can be placed in NSE only.

  • QWhat are the reasons of Non-Acceptance of my order?
    A

    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.
  • QWhat if I want to carry my supermultiple position?
    A

    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.

  • QWhat if I want to carry my partly traded supermultiple position?
    A

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

  • QHow can I square off an open positions in Super Multiple
    A
    • 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.

  • QCan I modify a square off order as Market which earlier placed at a limit price?
    A

    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.

  • QCan I square off my super multiple position at market price?
    A

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

  • QHow do I place an order for particular scrip using Super Multiple?
    A

    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

  • QHow do I check the Order Status of scrip in case I have chosen Super Multiple?
    A

    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.

  • QWhat are the details that I can modify in Super Multiple order placed?
    A

    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.

2014661830565536055253
Open an Account now to Enjoy Super Multiple
Why Demat Account?
  • Mandatory by SEBI
  • Easy Portfolio Management
  • Security of Equity Investments.
Reach Us
Read about the risks and returns while investing in the stock markets

Read More >


Stock Market Sectors :        A | B | C | D | E | F | G | H | I | J | L | M | N | O | P | R | S | T | V | W |

About Us

  • • Branch Locator
  • • About Kotak Securities
  • • Awards and Accolades
  • • About Kotak Group
  • • Technology
  • • Strong Research
  • • Customer Support Chat
  • • Brokerage Charges

Asset Classes

  • • Equity Trading
  • • Derivative Trading
  • • Mutual Fund Investment
  • • IPO
  • • Gold Funds
  • • Currency Derivatives
  • • Fixed Deposits & Tax Free Bonds
  • • Debentures

Derivatives Market

  • • Most Active Contracts
  • • Gainers
  • • Losers
  • • Top Volume Traded
  • • Top Value Traded
  • • Most Active Put
  • • Most Active Call
  • • Open Interest
  • • Highest in Premium
  • • Put Call Ratio

Investment Knowledge Bank

  • • Share Market Basics
  • • What is Demat Account
  • • What are Derivatives?
  • • What are Futures?
  • • What are Options?
  • • What are Mutual Funds?
  • • Basics of Financial Planning
  • • Calculators
  • • Videos
  • • Meaningful Minutes

Trading Tools & Research Reports

  • • KEAT PRO X
  • • Kotak Stock Trader APP
  • • Fastlane
  • • Xtralite
  • • Dealer assisted trading
  • • Call and Trade
  • • Investors Research
  • • Trader Research
  • • Mutual Fund Research
  • • Fundamental Analysis Reports
  • • Technical Analysis Reports
  • • Derivative Reports
  • • Currency Derivative Reports

Account Types & Value Added Services

  • • Demat Account
  • • 2 in 1 Account
  • • Trinity Account (3-in-1 Account)
  • • Linked Account
  • • NRI Account
  • • PMS
  • • Margin Trading
  • • BNST
  • • TradeSmart Store
  • • SMS Alerts
  • • AMO

Equity Market

  • • Share Market Live
  • • Gainer
  • • Loser
  • • Most Active Stocks
  • • Volume Buzzer
  • • 52Wk High
  • • 52Wk Low
  • • All Market News
  • • Bullion News
  • • Economy General
  • • Corporate Actions
  • • Other News
CUSTOMER CARE Chat with us
77389 88888WhatsApp Chat
(Add city STD code while calling from Mobile)

TIME:
Customer Service:- Mon to Fri – 9.00 AM TO 6.00 PM
Call and Trade:- Mon to Fri – 8.30 AM TO 5.30 PM

For Call & Trade, dial 080 4725 3255
Write to us at service.securities@kotak.com for Trading Account-related queries and ks.demat@kotak.com for Demat Account-related queries

Connect with us

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.

KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. Attention Investors Prevent Unauthorized Transactions in your demat / trading account --> Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors. Circular No.: NSDL/POLICY/2014/0094, NSE/INSP/27436, BSE - 20140901-21

Kindly note that as per NSE circulars nos: NSE/INVG/36333 dated November 17, 2017, NSE/INVG/37765 dated May 15.2018 and BSE circular nos: 20171117-18 dated November 17, 2017, 20180515-39 dated May 15.2018, trading in securities in which unsolicited messages are being circulated is restricted. The list of such stocks are available on the website of NSE & BSE. In case of any queries, request you to kindly get in touch with Customer Service on 18002099191/9292

Kotak securities Ltd. having composite licence no.CA0268 is a Corporate Agent of Kotak Mahindra Life Insurance Company Limited and Kotak Mahindra General Insurance Company Limited. We have taken reasonable measures to protect security and confidentiality of the Customer information.

The Stock Exchange, Mumbai is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time.
The Stock Exchange, Mumbai is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.

Please do not share your online trading password with anyone as this could weaken the security of your account and lead to unauthorized trades or losses. This cautionary note is as per Exchange circular dated 15th May, 2020.

Note: NSDL and CDSL have mapped Unique Client Codes (UCC) to demat accounts based on PAN, refer NSDL and CDSL circulars. Format for linking/delinking the UCC: NSDL: link | CDSL: link.

Clients are required to keep all their account related information up-to-date including details like email id, mobile number, address, bank details, demat details, income details etc. which will help the client to timely receive any information and to avail the various facilities relating to the Trading and Demat account. To update the details, client may get in touch with our designated customer service desk or approach the branch for assistance.

Investor Awareness regarding the revised guidelines on margin collection:-
Attention Investors :

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
3. Pay 20% upfront margin of the transaction value to trade in cash market segment.
4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020, notice no. 20200731-7 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020, notice no. 20200831-45 dated August 31, 2020 and other guidelines issued from time to time in this regard.
5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.
.......... Issued in the interest of Investors

Clients are hereby cautioned not to rely on unsolicited stock tips / investment advice circulated through bulk SMS, websites and social media platforms. Kindly exercise appropriate due diligence before dealing in the securities market.

Requirement of obtaining consent through OTP has been waived for off market transfer reason code “Implementation of Government / Regulatory Direction / Orders” Consent through OTP would continue to be required for all other reasons for any off-market transfers. Refer NSDL circular.

Covid-19 impact to clients:-
1. Applicable to clients on whose email id contract notes and other statements get bounced or who have opted for Physical contract notes/ other statements or Digital and Physical contract notes/ other statements :Due to the nationwide lockdown, we are unable send physical contract notes and other statements. To view them, log into www.kotaksecurities.com
2. Kindly update your email id with us to receive contract notes/various statements electronically to avoid any further inconvenience.
3. We are unable to issue the running account settlement payouts through cheque due to the lockdown. We request you to update your Bank account details to facilitate direct transfer to your linked bank account. You may approach our designated customer service desk or your branch to know the Bank details updation procedure.
4. Exchange advisory: Investors are advised to exercise caution while taking investment decisions in these unpredictable times. Clients are also encouraged to keep track of the underlying physical as well as international commodity markets. Clients are advised to undertake transactions after understanding the nature of the contractual relationship into which they are entering and the extent of its exposure to risk. Clients are further advised to follow sound risk management practices and not to be carried away by unfounded rumors, tips etc.

Filling complaints on SCORES- Easy & Quick
a. Register on SCORES portal  |  b. Mandatory details for filling complaints on SCORES  i. Name, PAN, Address, Mobile Number, E-mail ID  |  c. Benefits:  i. Effective Communication  ii. Speedy redressal of the grievances

Charges for Other Services  |  Disclaimer  |  Sitemap  |  Privacy & Security  |  256 Bit Encryption  |  BSE  |  NSE  |  MSE  |  MCX  |  SEBI  |  SCORES  |  Anti Money Laundering Measures  |  Important Policies  |  Dos & Donts  |  National Pension System  |  List of GST Registration Number

© 2005 Kotak Securities Limited.

Registered Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051. Telephone No.: +22 43360000, Fax No.: +22 67132430.
Correspondence Address: Infinity IT Park, Bldg. No 21, Opp. Film City Road, A K Vaidya Marg, Malad (East), Mumbai 400097. Telephone No: 42856825.

CIN: U99999MH1994PLC134051. SEBI Registration No: INZ000200137(Member of NSE, BSE, MSE, MCX & NCDEX), AMFI ARN 0164, PMS INP000000258 and Research Analyst INH000000586.

NSDL/CDSL: IN-DP-NSDL-23-97

New To share Market?

Open Your Account Today!

New Customer?

Hurry! Sign up for Free Intraday Trading now

BROKERAGE FREE

on intraday trades

AVAIL THE OFFER NOW

NO ACCOUNT OPENING CHARGES



Submit

Please Note

That by submitting the above mentioned details, you are authorising Kotak Securities & its sub-brokers & agents to call you and send promotional communication even though you may be registered under DNC.

Open An Account