Are hedge benefits considered for margin calculation in basket mode on FYERS?
Yes. If your basket includes a valid hedge (for example, offsetting option legs on the same index/stock), FYERS reduces the required margin as per the exchange margin framework once the relevant legs execute. The order window shows an estimate of this via Funds req; the final margin depends on which legs fill and the order in which they fill.
How it works
- Eligibility: Hedge benefits are applied when your legs form an exchange-recognised offset (e.g., certain long–short option combos on the same underlying/segment).
- During execution: Legs are sent in a margin-optimised sequence to minimise overall margin usage while the position is being built. Offsets start reflecting as soon as the required legs are filled.
- Estimates vs final: Use the footer in the order window (Funds req / Funds avl / Net premium / Charges) for margin estimates. The Charges sheet shows only fees; final margin can change with price moves, partial fills, or if a hedge leg doesn’t execute.
How to verify hedge margin in basket mode (FYERS App)
- From the Options Chain, turn on basket mode and add your legs.
- Open the order window and review the footer’s Funds req to see the estimated margin with hedge impact.
- (Optional) Tap Charges to view brokerage and statutory fees for the basket.
- Place the basket and monitor leg fills and margin in Orders.
Tip: Add the hedging leg(s) in the same basket and compare Funds req before vs after to see the estimated reduction.
Important: Hedge benefits apply only when exchange offset rules are met and the required legs execute; partial/failed legs can remove the benefit.
What If…
| Scenario | Resolution |
|---|
| Only one side of the hedge fills | No hedge benefit yet; Funds req reflects the unhedged exposure until the other leg executes. |
| A hedge leg is rejected or not traded | Offset won’t apply. Modify/replace the leg and place again. |
| Legs have different expiries/strikes | Benefit depends on exchange offset rules; not all combinations qualify. |
| Preview shows lower margin than post-trade | Final margin follows executed prices/quantities; use Orders and the Contract Note for the final view. |
| Carrying the basket overnight | Ensure sufficient funds; overnight requirements follow exchange rules. |
Last updated: 20 Oct 2025
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