FAQ
 
For whom is this facility available?
This facility is available only for online trading customers.
------------------------------------------------------------------------------------
MarginPlus is an intraday order placement feature where you can take a position at market price and compulsorily place a cover order for the position specifying the StopLoss Trigger Price and the StopLoss Limit Price along with ProtectProfit Order.
------------------------------------------------------------------------------------
How does MarginPlus work?
MarginPlus is designed for traders who wish to take the advantage of intraday trading in huge volumes and thus make the most of market conditions. It is an auto square off product. With MarginPlus you can take a position on particular scrip(s) on a particular day and avail multiple times exposure on the available margin. You will have to square off all your open positions within 3.10 pm on that day itself, after which our system will automatically square off your open positions.
------------------------------------------------------------------------------------
How do I place an order for particular scrip using MarginPlus?
Please follow the steps mentioned below to place an order in a scrip using MarginPlus:
Desktop:
  1. Login to your trading platform by entering your User ID and Password.
  2. Once inside the trading section, click on the scrip in your Market Watch and press (F1 for buy) or (F2 for sell) to active the MarginPlus order form.
  3. Choose the product type as MarginPlus from “Trd. Acc” drop down and put desired quantity, StopLoss Price, Trig. Price and Profit Price.
  4. Click on Buy or Sell button to place order.
  5. Click on Ctrl button to confirm
Web:
  1. Login to your trading platform by entering your User ID and Password.
  2. Once inside the trading section, click on the scrip in your Market Watch and press (F1 for buy) or (F2 for sell) to active the order form. (For Easy Platform click “B/S” against the desired scrip in the Market Watch)
  3. Put desired quantity and choose MarginPlus under “Product Type” drop down box.
  4. New screen will pop up. Put desired StopLoss Price, StopLoss Trig. Price and ProtectProfit Price
  5. Click on Ok button to go back to order form
  6. Click on Buy or Sell in the order form to place the order
  7. Click on Yes, Place the order to confirm
------------------------------------------------------------------------------------
Can I place MarginPlus order during Pre-Opening Session?
MarginPlus product can’t be used in Pre-Opening Session. As you are aware StopLoss order is not accepted during Pre-Opening Session.
------------------------------------------------------------------------------------
What is the timing during which I can place MarginPlus order?
MarginPlus orders can be placed post 9.15 am till 3.10 pm only.
------------------------------------------------------------------------------------
What are the details to be given to place a fresh order?
Following details should be provided to place a fresh order.
a. Exchange
b. Stock
c. Quantity
d. Position (Buy/Sell)
e. Price – (Market default )
------------------------------------------------------------------------------------
What are the details to be given for a cover order?
The details to be entered for a cover order are

A. StopLoss Limit Price (Mandatory)
B. StopLoss Trigger Price (Mandatory)
C. ProtectProfit Price (Optional)

The Exchange, Stock and Quantity would be automatically picked up from the Fresh order details and no modification allowed during the MarginPlus order placement for these 3 fields.
------------------------------------------------------------------------------------
How do I check the Order Status of scrip in case MarginPlus is chosen?
Along with normal order you place, you can check the order status of MarginPlus scrip by Pressing F3 which will activate Order Book. For Desktop users under “Trd. Acc” and for Web users under “Product Type” the status mentioned will be MarginPlus
------------------------------------------------------------------------------------
What is the margin that is charged on the fresh order?
Margin in case of fresh order is charged to the extent of maximum possible loss that you may incur or a minimum maintaince margin calculated as per the minimum margin % specified for the stock in the MarginPlus stock basket, whichever is higher. It is calculated as
{(Weighted average price of fresh order- limit price of cover order)* Quantity of shares} OR {(Weighted average price of fresh order * quantity of shares) * minimum margin% for the stock} whichever is higher

Margin is blocked as per the above formula on order placement and adjusted further based on the actual execution price. Assume you take a buy position for the fresh order of 1000 shares at current market price of Rs 100/-. Simultaneously you also place the Sell (cover order) of 1000 shares as Limit price Rs 90/-SLTP Rs 95/-.The minimum margin percentage for the scrip is 5%.

In this case margin amount would be blocked as
{(Weighted average price of fresh order- limit price of cover order)* Quantity of shares} OR {(Weighted average price of fresh order * quantity of shares) * minimum margin% for the stock} Whichever is higher
(100-90)*1000)  OR (100*1000)*5%) whichever is higher
    Rs.10000          OR     Rs. 5000               so block 10000
------------------------------------------------------------------------------------
What is minimum maintaince margin?
It is minimum margin which MOSL will levy irrespective of whether your StopLoss order is placed below this minimum margin percentage.

Please Note:- MOSL reserves  the rights to change minimum margin percentage without giving further notice
------------------------------------------------------------------------------------
Can I modify the MarginPlus StopLoss order untill trigger price is reached?
Yes
------------------------------------------------------------------------------------
What happens to StopLoss order if ProtectProfit order gets executed first?
In such case the StopLoss order stands cancelled.
------------------------------------------------------------------------------------
What happens to ProtectProfit order if StopLoss order gets executed first?
In such case the ProtectProfit order stands cancelled.
------------------------------------------------------------------------------------
Is Putting ProtectProfit order mandatory in MarginPlus order?
No, it is not mandatory. It is additional facility in the same order form wherein you can specify your profit booking order and don’t have to manually keep track of the scrip.
------------------------------------------------------------------------------------
What are the details that I can modify using MarginPlus?
You can modify StopLoss Limit Price & StopLoss Trigger Price only of the StopLoss order since the first order is market order which cannot be modified.
Note: Clients can't modify the quantity of shares in the StopLoss order.
------------------------------------------------------------------------------------
Would margin be recalculated at the time of modification?
Yes, it is recalculated and excess amount if any will be released or additional margin needed will be blocked if you change the StopLoss Limit Price.

In the above example if you modify the SLTP to Rs. 97/- and limit price to Rs 92/-.The amount to be blocked would be recalculated as
(100-92)*1000) OR (100*1000)*5%)
     Rs.8000/-       OR   Rs.5000  so block 8000

The excess amount of Rs. 2000/- would be released and added in your limit.

In the above example if you modify the limit price to Rs 88/- difference amount would be recalculated as
(100-88)*1000  OR (100*1000)*5%)
Rs.12000/-         OR  Rs. 5000 so block 12000

Additional amount of Rs 2000/- would be blocked. If limits are insufficient then you will not be allowed to modify the order.
------------------------------------------------------------------------------------
Can I square off the positions on a scrip any time during the day that I had taken earlier in the day?
Yes, you can square off the position any time during the day till 3.10 pm by just modifying StopLoss Limit Price to Market Price.
------------------------------------------------------------------------------------
Can I convert MarginPlus trade to Delivery or other product?
No, product conversion is not allowed.
------------------------------------------------------------------------------------
What happened if my trigger price of reverse order is not hit till end of the day?
System will sq off all MarginPlus order post 3.10 pm by cancelling your previous MarginPlusreverse order.
------------------------------------------------------------------------------------
Depending on the stock volatility and market situation, MOSL would specify the minimum % difference between StopLoss Limit Price and SLTP price that can be maintained for a particular stock. You can however specify a greater difference as well.

2% difference has to be maintained between the limit price and SLTP for ACC.

You have taken a buy position (fresh order) for 1000 shares in ACC at Current price of Rs 100/-.You specify the sell order (Cover order) for 1000 shares in ACC at SLTP of Rs 95/-.Since this is a sell order the limit price would be lower than the SLTP. Limit price in this case can be Rs 93.10/-(2% of 95= 1.90 so limit price can 95-1.90= 93.10 and below.

If any price between 93.10 and 95 is specified then order cannot be placed
------------------------------------------------------------------------------------
What happens if my StopLoss or ProtectProfit order gets freezed?
In such case, need to call CSE Dept or RMS Dept to get the order squared off before system square off take place since you will not have option to place StopLoss or ProtectProfit order again.
------------------------------------------------------------------------------------
At what price RMS will square off my MarginPlus order whose StopLoss or ProtectProfit is freezed?
RMS will square off the order at current prevailing market rate at the time of you calling the Risk Management  Dept.
------------------------------------------------------------------------------------
What happens if I don’t call CSE or RMS dept if my StopLoss or ProtectProfit order gets freezed?
Post 3.10 pm on the same day, system will square off the position at the current prevailing market rate.
------------------------------------------------------------------------------------
Which segments can I place MarginPlus orders in?
MarginPlus orders can be placed in cash segment only.
------------------------------------------------------------------------------------
Which exchanges can I place MarginPlus orders?
MarginPlus orders can be placed in NSE only.
------------------------------------------------------------------------------------
Can I place MarginPlus order from Mobile platform?
At present MarginPlus facility is not available on Mobile platform.
------------------------------------------------------------------------------------
Which stocks are allowed under MarginPlus Product?
Stocks which are allowed under MarginPlus are as follows:

ABAN, ABGSHIP, ACC, ALOKTEXT, AMBUJACEM, AXISBANK, BAJAJ-AUTO, BHARTIARTL, BHEL, BPCL, CAIRN, CANBK, CHAMBLFERT, CIPLA, COALINDIA, DENABANK, DLF, EDUCOMP, GAIL, HDFC, HDFCBANK, HDIL, HEROHONDA, HINDALCO, HINDUNILVR, IBREALEST, ICICIBANK, IDBI, IDFC, IFCI, INFOSYSTCH, ITC, JETAIRWAYS, JPASSOCIAT, LICHSGFIN, LT, M&M, MARUTI, NTPC, ONGC, ORCHIDCHEM, PNB, POWERGRID, RANBAXY, RCF, RCOM, RELCAPITAL, RELIANCE, RELINFRA, RENUKA, RPOWER, SAIL, SATYAMCOMP, SBIN, SESAGOA, STER, SUZLON, TATAMOTORS, TATAPOWER, TATASTEEL, TCS, TITAN, UCOBANK, UNITECH, VIJAYABANK, WIPRO.

Please Note:- MOSL reserves  the rights to change above list based on the market condition without any further notice