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Q. What are the product types: CNC, MIS, and NRML?
- Use of CNC (Cash and Carry): For equity trades based on delivery.
Holding: Your Demat account has been credited with shares.
No margin or leverage.
Timeframe: You are free to keep the stock for as long as you like.
- MIS (Margin Intraday Square-off)
Use: For intraday commodity, F&O, and equity trades.
Holding: Prior to market close, the position is automatically squared off.
Generally speaking, higher margins and leverage are permitted.
Exiting on the same day is required to prevent auto square-off fees.
- NRML (Normal) Use: For commodities and F&O trades that take place over several days or overnight.
Holding: Positions may be carried forward until they expire.
No automatic square-off.
Only the exchange-required margin is applicable; there is no high margin.