What would happen in case of the Risk Management System (RMS) of Kotak Securities liquidates positions due to any reason?
- If a position is liquidated by the RMS in case of margin or debtors shortfall (Equity F&O only), additional charge of Rs.100 per executed order will be charged over and above the brokerage and the system square off charges (Subject to maximum of 2.5% regulatory allowed brokerage).
- For liquidation of stock delivery positions – 0.1% or Rs.70 whichever is higher will be charged.
- For liquidation of other positions – Rs.70 per executed order will be charged over and above brokerage