What are the options available to a client if they are willing to hold their position for more than T+5 days in Normal?
Clients if willing to hold the position for more than 5 days, they can trade in Pay later (Margin Trading facility). Although one cannot convert their NRML position to PAY LATER but can rather take a fresh position via keeping the product type as Pay Later (Margin Trading Facility) where they can hold their position as long as they want. User need to make sure that:
- They have maintained sufficient margins for Pay later position and
- The scrip is allowed under Pay later (MTF) by regulator
- Pay Later pledge is confirmed by the user