General

What is the Margin required to take a position in Intraday Product? What is Initial, Minimum Margin and Trigger price? What happens if the margin is less?

Initial Margin is Margin amount required to take position in Intraday Product.

Now let’s understand with an example: If you want to buy 1000 shares of ABC Limit which is trading at 100. The Initial Margin (IM) required is 20% and Minimum Margin (MM) is 15%.

In the above example, you just require Rs. 20,000 (Initial Margin). Minimum Margin (Rs 15,000) is the margin amount that you have to maintain with I-Sec at all points of time for your open Margin position. Trigger price is the difference between IM and MM.