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MIS in Zerodha refers to the product given by Zerodha Kite trading platform to place an intraday trade.
These trades are intraday trades that are used in Equity, F&O, Currency, and Commodities. Using MIS Orders, clients can avail higher intraday leverage given by brokers. MIS orders are automatically squared off by the system at the end of the day if the clients themselves did not square off. Clients can convert MIS orders into CNC (Cash and Carry) / Delivery if they have sufficient margin in their trading account.
Segment | Margin |
Equity | Up to 10 times |
Futures & Options | 2 times |
Currency | 2 times |
Commodity | 2 times |
Zerodha does not charge any extra cost for placing MIS orders. For auto squared off orders by the system, Zerodha charges an additional Rs 50 per executed order apart from the brokerage.
Segment | Timing |
Equity | 3.20 PM |
Futures & Options | 3.25 PM |
Currency | 4.45 PM |
Commodity | 25 minutes before Close |
Note: It is recommended to square off all your MIS / Intraday orders before 3.20 pm to avoid an additional charge of Rs 50 for auto square Off.
Know the complete Zerodha Account Opening Process