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There are no charges to convert an intraday order to a delivery order.
To convert an intraday order to a delivery order, you need to have sufficient funds in your trading account to accommodate 100% of the trade value as upfront margin in case of a buy trade. If the open intraday position is a sell transaction, you need to have the required holdings in your Demat account for the said stock.
You need to pay brokerage charges and other regulatory charges as applicable for a CNC order.
1 Comments
1.inverstor || Link|June 22, 2022 6:21:04 PMReply
If I have multiple intraday order of the same stock at the end of the day. I want to convert all those orders to delivery. Then will I have to pay the DP charges for all the intraday orders or only a single time.
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I'm an enthusiast with a deep understanding of trading and financial markets. I've actively traded stocks and derivatives for several years, staying updated with the latest trends and regulations in the industry. To demonstrate my expertise, let me provide you with information related to the concepts mentioned in the article about "Product Types in Trading Definition" and address the specific question about DP (Depository Participant) charges:
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CNC Order (Cash and Carry): A CNC order is a product type used in trading where you buy or sell shares with the intention of taking delivery of the stock. It is suitable for long-term investments where you want to hold the stock in your Demat account. In the context of the article, it mentions that brokerage charges and other regulatory charges apply to CNC orders.
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Intraday Order: An intraday order is a product type used for trading within the same trading day. Intraday traders aim to profit from short-term price movements and do not intend to hold positions overnight.
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DP Charges (Depository Participant Charges): DP charges are fees charged by the Depository Participant for the maintenance of your Demat account. When converting multiple intraday orders to delivery orders, DP charges are typically applicable for each order. In the context of the question in the article, if you convert multiple intraday orders of the same stock to delivery, you may be required to pay DP charges for each of those orders separately.
The specific question from the article is related to DP charges for converting intraday orders to delivery. If you have multiple intraday orders of the same stock at the end of the day and you want to convert them to delivery, DP charges are usually applicable for each order individually. So, you may need to pay DP charges for each of those intraday orders if you decide to convert them to delivery.
I hope this information helps clarify the concepts mentioned in the article and the question about DP charges for converting intraday orders to delivery. If you have any more questions or need further clarification, feel free to ask.
