How much margin does Upstox provide?

Intraday margins are provided by Upstox on Equities, Futures and Currency Futures. Understanding what that means and what’s covered is key to effectively utilising the margin money you deposit in your account.

Brief Description

Upstox provides intraday leverage for equities, futures, options, commodities and currency futures. These only apply for trades executed on the same day and not on prior days’ executions. Leverage begins at market open only for fresh positions. Positions bought or sold on leverage will be automatically squared off at 3:15 PM for equities and F&O at no charge by Upstox. For Currency Futures, positions will be squared off at 4:45 PM. For MCX, the positions will be squared off 30 minutes prior to market close (so it is either 11:25 PM or 10:30 PM depending on MCX market timings). Our margin files are available on dropbox.
You can check out the Upstox margins calculator as well! The SPAN Margin Calculator breaks down each and every type of margin required (Span, Exposure, VaR, ELM, and Net Premium).

Equities

We provide up to 25x exposure for all NSE and BSE securities that have products on the NSE-FO market. For other stocks that are not on this list but have a 20% circuit limit breaker, we provide up to 2x exposure. For all others, there is no exposure provided.

NSE Futures and Currency Futures

Futures are allowed to trade on 20% of applicable (span plus exposure). To carry forward the positions, the customer would need 100% of the applicable margin. So if you want purchase 1 lot of NIFTY futures valued at Rs. 2,07,500 (8300 for 1 lot of 25 shares), you would need Rs. 8,380 (50% of margin) for intra-day applicable margin or Rs. 16,750 (100% of margin) if you want to carry-forward the position. Buying options require the full value of the premium while selling options require the full value of the applicable margin. Our margin files are available on dropbox.

Options

For buying options, Upstox requires the full premium amount. For selling options, Upstox provides upto 5x leverage on the span and exposure margin for intraday. Delivery requires the full amount. However, you do get the premium benefit credited to your account when selling options in delivery.

MCX Commodity

For MCX Futures , Upstox provides up to 3x margin for both buying and selling.  Leverage begins at market open only for fresh positions. Positions bought or sold on leverage will be automatically squared off 30 minutes prior to market close (so it is either 11:25 PM or 10:30 PM depending on MCX market timings). Our margin files are available on dropbox.

Product Codes Overview

Intraday

ProductProduct Code Exposure Required
Equity MIS/CO/BOUp to 20x for stocks listed in F&O, up to 2x for stocks with 20% circuit breaker, no additional margins for all else
Future MIS/CO/BOUp to 6x for all securities
Option MIS/CO/BOUp to 4x for selling options, 1x on buying options
Commodity MIS/COUp to 3x for all commodities


Delivery / Cash N Carry

ProductProduct Code Margin Required
Equity CNCNo extra margins provided
Future NRMLNo extra margins provided
Option NRMLNo extra margins provided
Commodity NRMLNo extra margins provided

 

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