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 » Our Offerings » Value Added Features » Mis

Margin Intraday Square Off

Trading can be exciting, engrossing and enthralling. And most importantly, it requires a definite and acute skill set to be a successful trader.

After all, understanding the underlying risks and then committing to the trade is hallmark of the successful trader.

MIS empowers you as an intraday trader with a facility that is not only conducive to trade seamlessly, but also intelligent enough to protect your downside (more on it later).

You work hard on your strategies and trading ideas. Then why not make the most of it?

MIS gives you the added advantage of taking higher exposure on the funds available in your trading account at the time of placing the order. Thus, with the same Rs 100 you can trade more.


What exactly is MIS?

MIS stands for Margin Intraday Square-Off. MIS, as the name suggests, is a facility that can be used only for intraday trading. With MIS, you can trade across segments – cash and derivatives, including options. MIS does the multiplying effect on the balance funds in your trading account.


Can I do multiple trades with MIS?

Yes, indeed! You can take multiple positions across segments or may be only cash or derivatives, depending on your preference. After all, nobody knows your trading strategy and objectives better than you.

MIS provides higher exposure as opted by you. All your trades executed by selecting the MIS product type, will be shown in your MIS basket with real-time unrealized profit & loss.


Key Benefits of MIS

Take a look at the key benefits of MIS


1. The MIS basket advantage

All those open positions in your MIS basket work like a tightly knit basket. It may happen that a certain position in your MIS basket does not perform as expected.

What then? The other positions in your MIS basket could prop up the team.

The performance of your individual trades matters. More important is how the overall basket of MIS positions performs. Unrealized profit in some positions can offset the losses in others. This protects your open MIS positions from getting squared off prematurely.


2. No mandatory stop loss

Stop loss orders are a good way to protect your downside. You may place a Stop Loss order as per your discretion, however kindly note that MIS provides a unique solution.

When you place an MIS order, our trading system defines a cut-off value. This parameter determines the maximum net unrealized loss that you could incur on your basket of open MIS positions.

The net unrealized loss is the difference between the unrealized profit and unrealized loss across all your current MIS positions. If it breaches the cut-off value at any time, our trading system will immediately commence squaring off all your open MIS positions, thus mitigating further losses.


3. Auto-square off facility

The cut-off value is just the first layer of protection for your MIS team. Our auto-square-off facility provides an extra cushion.

Auto-square-off is that second fielder. Maybe you haven’t placed a stop loss trigger or the cut-off value is yet to be breached. No problem! Auto-square-off will close off any open MIS positions before market close, thereby restricting your loss.


4. Higher exposure

As an intraday trader, you need to analyse the market conditions before taking a position. What if the conditions seem suitable for a smart trade? In that case, MIS could provide the support you need.

As an MIS user, you benefit from higher exposure on select stocks and contracts.

The exposure will be as per peak intraday margin guidelines defined by exchange from time to time


How to trade with MIS

Once you have activated the MIS, it’s time to place your first order. To get started, let’s focus on how the MIS trading process works:

Taking MIS positions

The MIS facility allows you to trade stocks and futures as well as sell options contracts. You can use your margin to set up multiple MIS positions. If you wish, you could even use the entire margin to create a single MIS order.

Simply put, you call the shots. After all, nobody knows your trading strategy and objectives better than you do.


Varying cut-off value

Our trading system defines a cut-off value each time you place an MIS order. This parameter helps keep your downside in check. The cut-off value may vary based on:

1. the margin utilized by all your open MIS positions,

2. the amount of margin available, and

3. our internal risk management policy.

Keep an eye on the cut-off value.

The cut-off value indicates your current exposure to risk. Factor it in while reviewing your trading strategy or planning your next move.


Squaring off MIS positions

The cut-off value is compared to the net unrealized loss in your MIS positions. As long as the net unrealized loss is less than the cut-off value, your MIS positions will remain open. They will get squared off only if the net unrealized loss reaches or exceeds the cut-off value.

In any case, all MIS orders are ‘auto-square off’ orders. If you do not square off the order or the net unrealized loss has not reached the cut-off value, then your position is automatically squared off after 3.10 P.M.

This double layer of protection is useful while trading in the stock markets.


Give your trades the MIS advantage

MIS enables you to take larger positions as per your risk perception and trading opportunity.

Worried about individual trades? Each trade in your MIS basket contributes to the day’s overall gains, even as the cut-off value and the auto-square-off facility reduce your risk of loss.

With MIS in your arsenal, you may supplement your trading requirements. Plan your trades, time them right, and with the MIS advantage you may be able to achieve your trading goals with confidence.


Have more questions? Click here to find answers.


Disclaimer:

Kotak Securities cannot be held liable for any loss incurred by the client for non-squaring off / delay in squaring off / auto squaring off the positions automatically due to either illiquidity in the particular security or due to technological problems at either Brokers/Exchanges’ end. Further, auto square off orders are placed after 3.10 pm as the market order and orders are matched against the best price at the exchange level. Kotak Securities does not have control over the price ruling in the market when the orders are matched by the exchange. Margin Intraday Square off (MIS) is a product offered by Kotak Securities Limited. Any complaints or disputes pertaining to the same shall not be entertained by Exchanges.

Please read the Terms and Conditions of the MIS product.

2014661830565536055253
WHY KOTAK SECURITIES?
  • Trading platform
  • Access to Research Analysis
  • Access to Customer Service
Reach Us


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