Published Oct 12, 2024
Equity Plus allows you to purchase more stocks for delivery than you would normally be able to with the same amount of cash in your trading account.
Before enabling Equity Plus for your account, please note the following details:
Margin Required / Exposure Limits: Equity Plus allows you to receive higher exposure for delivery. You can buy delivery up to 4 times your cash balance. For example, if you have ₹1 lac in your account, you can buy stocks worth up to ₹4 lacs.
Securities Available for Purchase: Stocko provides a list of securities eligible for trading under this product. Stocko may update this list based on market conditions. If any stock is removed from the list, clients will be required to square off any existing positions in that stock.
Delayed Payment Charges: These charges will be applied at 0.05% per day on the total ledger debit. If there is no ledger debit at the end of the day, no interest will be charged.
Trading Platforms: Equity Plus will be available on all Stocko platforms (Desktop, Mobile, and Browser), as well as NEST (Desktop).
Subscription Charges: There are no subscription charges for this product.
Maximum Limit: The maximum funding available per client is limited to ₹1.5 crore. Please note, leverage amplifies both profits and losses, so this limit is in place to protect clients from significant risks.
Order Placement: Orders must be placed using the NRML product type and will need to be squared off using CNC. Orders placed using MIS or CNC can be converted into NRML on the same day and vice versa.
Corporate Action: In case of any corporate action related to stocks bought in NRML, the benefits (except for rights issues) will be transferred to your account. For bonus or stock splits, the additional shares will be delivered to your holdings and can be sold via CNC to release the margin blocked.
Risk Square-off: If the market value of your portfolio decreases, additional margin may be required. If the Equity Plus Actual Cash vs Share % falls below 20%, you will need to either deposit more funds or reduce your holdings in Equity Plus. South Asian Stocks Ltd. reserves the right to liquidate positions without notice if the cash-to-share ratio goes below 20%.
Activation Criteria: A minimum balance of ₹50,000 is required in your trading account at the time of activation.
Notifications: You will receive confirmations for orders, trades, margin calls, and any actions regarding liquidation via your registered email ID.
MTF Policy: As per the circular, all collateral stock and funded stock must be pledged and held in your DP account. For details on the pledging process and Stocko’s MTF (Margin Trading Funding) policy, kindly refer to this link.and For MTF (Equity+) Rights-and-Obligations details kindly refer to this LINK
Note: A Pledge and Unpledged charge of ₹15 + GST per script applies.
To activate Equity Plus, kindly send confirmation to support@stocko.in from your registered email ID.
South Asian Stocks Ltd. : NSE Member Code 09073, BSE Member Code 6329, MCX Member Code : 55215 , NCDEX Member Code : 1233 NSDL : IN-DP-474-2020 . SEBI Registration No. INZ000164738
Compliance Officer: NSE,BSE,MCX,NCDEX,NSDL : Mr RK Jain , 011-40409999 support@stocko.in
Registered Office : 3rd Floor, Building No.5, Local Shopping Complex, Rishabh Vihar, Near Karkarduma Metro Station. East Delhi – 110092
For any complaints related to South Asian Stocks Ltd email at complaints@stocko.in
Please ensure you carefully read the risk Disclosure Document.
Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective communication, Speedy redressal of the grievances