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.
Product type to be chosen for placing the order: The order will have to be placed under the product type MTF and squared-off as MTF.
Subscription Charges: There are no subscription charges for this product.
Maximum Limit: The maximum funding available per client is limited to ₹5 crore. Please note, leverage amplifies both profits and losses, so this limit is in place to protect clients from significant risks.
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. Stocko reserves the right to liquidate positions without notice if the cash-to-share ratio goes below 20%.
Notifications: You will receive confirmations for orders, trades, margin calls, and any actions regarding liquidation on your registered email ID.
MTF Policy: For MTF (Equity+) Rights-and-Obligations details kindly refer to this LINK
Note:
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
