What are the features and benefits of Super Multiple?
Features:
- Trade in volumes: Simply put, Super Multiple allows online trading customers to trade in large volumes on a particular script (or multiple scripts) on a given day even if their available margins may be limited.
- Futures Segment: Get up to 14 times exposure in the Future Index and up to 10 times exposure on Future Stock of specified scrips against your available margin. e.g., if you have a margin of Rs. 1 Lakh, you can get a maximum exposure of Rs.14 Lakhs in the Future Index via Super Multiple.
- Cash Segment: Get up to 14 times exposure against your margin, on specified scripts. e.g., if you have a margin of Rs. 1 Lakh, you can get a maximum exposure of Rs.14 Lakhs by placing a Super Multiple Order.
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Automatic Square Off: All positions using Super Multiple need to be squared off by 3:10 p.m. on any given trading day. If customers fail to do so themselves, the system automatically squares off their open positions.
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No Opposite Orders: Super Multiple does not allow you to make opposite orders on the same script at the same time. e.g. If you place a Buy Super Multiple with a Stop Loss order on script A, you cannot place a 'Sell Super Multiple' order on script A till your Buy position is squared off.
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Multi-platform access: Super Multiple orders can be placed on KEAT Pro X, Kotak Stock Trader (From Mobile Device) and on www.kotaksecurities.com .
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Track Margin Utilized via Super Multiple Orders: Log into your account and click on the 'Available funds' link which is under the tab 'Equity'. The Available Funds page will show you ‘Margin Utilized’. By clicking on the amount displayed under this column, you can get details on valuations and multiples offered on the script.
Benefits:
- Higher trading multiple on select scrips.
- Capitalize on market opportunities through higher exposure and trading large volumes.
- Limit losses through a Stop Loss Order.
- No worries about open positions, as Super Multiple auto squares off all open positions at the end of the trading day.