Question 1

Can a I place a limit order if I sell the shares on the same day from Client Unpaid Securities Account CUSPA) or traded under BTST Inter-settlement sell)?

Accepted Answer

No limits are allowed if the you sell shares on the same day from CUSPA or have traded in BTST transactions (Inter-settlement sell).

Question 2

Do I need to allocate the fund separately for trading in Equity, Derivative & Mutual Fund segment?

Accepted Answer

No,Trading Limits for Equity, Derivatives and Mutual fund will be automatically calculated depending upon the source of limits.

For eg. If you place a fund hold of Rs. 10000/- then available limit will increase as illustrated below

Cash                             : 10000/-

Intraday & Cover            : 10000/-

E-Margin                       : 10000/-

Futures & Option sell       : 10000/-

Option Buy                    : 10000/-

Mutual Fund                  : 10000/-

Question 3

In which products can I trade from 'Equity Receivables' limit?

Accepted Answer

You can trade in the following products against the 'Equity Receivables':

Equity Products

Cash

Intraday

Cover

E-Margin

Question 4

What is 'Available Limit'?

Accepted Answer

Available limit is the maximum available trading limit through which you can trade in different products (Buying Power). Following are the products for which the available limits are shown:

Equity Products

Cash

Intraday and Cover

E-Margin

Derivative Products

Option Buy

Futures and Option sell

Mutual Fund

Purchase

Redeem

SIP

Question 5

What is a Trading Limit?

Accepted Answer

It is the limit which enables you to trade in Equity, Derivatives and Mutual Funds.

Question 6

What is the Meaning of Bank Hold, Equity Receivable, Derivatives Receivable, Collateral limit, Ledger Balance and Adhoc limit ?

Accepted Answer

Bank Hold, Equity Receivable, Derivatives Receivable, Collateral limit and Ledger Balance are the part of 'Source of limit' displayed on the following Path : Trading > Limits > Cash Limit

Bank Hold

Bank Hold is the sum of funds marked as hold from your bank account for trading in Equity, Derivatives and Mutual Fund

Equity Receivable

Equity Receivable includes Cash Sales Proceeds +/- booked profit/(loss) made from equity.

Derivative Receivable

Derivative Receivable includes  profit/(loss) made from trading in derivatives segment.

Collateral Limit

You can hold the stocks in your demat account as collateral to increase your trading limit. The collateral amount as per the applicable collateral valuation % will be added to your limits. You can place your shares as collateral from the following path: Limits > Demat Balance > Hold Type > Collateral.

Ledger Balance

Equity Receivable of T day will be displayed as ledger balance on T+2 day. Derivative Receivables of T day will be displayed as ledger balance on T+1 day.

Adhoc Limit

Adhoc Limit is the limits if any, given by AxisDirect for trading in Equity and Derivatives

Question 7

In which products can I trade from 'Ledger Balance'?

Accepted Answer

You can trade in the following products from Ledger Balance:

Equity Products
Cash 
Intraday 
Cover 
E-Margin
Derivative Products
Futures Intraday
Futures
Options

Question 8

In which products can I trade from 'Derivatives Receivables' limit?

Accepted Answer

You can trade in the following products against the'Derivatives Receivables':

Equity Products:-

Cash

Intrady

Cover

E-Margin

Derivative Products:-

Futures Intraday

Futures

Options

Question 9

In which products can I trade from 'Bank Hold' limit?

Accepted Answer

You can trade in the following products after placing Bank hold:

Equity Products

Cash

Intraday

Cover

E-Margin

Derivative Products

Futures Intraday

Futures

Options

Mutual Fund

Purchase

Redeem

SIP

Question 10

What are the sources of Trading Limit?

Accepted Answer

Following are the sources of limit:

1. Hold funds from your linked Bank account

2. Selling shares from your Demat account

3. Holding shares as Collateral

4. Profit accrued from trading in Equity and Derivative products

Product-wise Available  limit will be calculated based on any of the source of limit mentioned above.

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