Are hedge benefits considered for margin calculation in basket mode on FYERS?
Yes. If your basket includes a valid hedge, such as offsetting option legs on the same index or 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 through 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, for example, certain long-short option combinations on the same underlying and 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, which shows Funds req, Funds avl, Net premium, and Charges, for margin estimates. The Charges sheet shows only fees; final margin can change with price moves, partial fills, or if a hedge leg does not execute.
Tip: Add the hedging leg(s) in the same basket and compare Funds req before and after to see the estimated reduction.
How to verify hedge margin in basket mode
On FYERS Web
- 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.
- Click Charges to view brokerage and statutory fees for the basket.
- Place the basket and monitor leg fills and margin in Orders.
On 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.
- Tap Charges to view brokerage and statutory fees for the basket.
- Place the basket and monitor leg fills and margin in Orders.
Important: Hedge benefits apply only when exchange offset rules are met and the required legs execute. Partial or failed legs can remove the benefit.
What If...
| Scenario | Solution |
|---|
| Only one side of the hedge fills | No hedge benefit applies yet. Funds req reflects the unhedged exposure until the other leg executes. |
| A hedge leg is rejected or not traded | The offset will not apply. Modify or replace the leg and place the basket again. |
| Legs have different expiries or strikes | The benefit depends on exchange offset rules. Not all combinations qualify. |
| Preview shows lower margin than post-trade | Final margin follows executed prices and quantities. Use Orders and the Contract Note for the final view. |
| Carrying the basket overnight | Ensure sufficient funds. Overnight requirements continue to follow exchange rules. |
Last updated: 29 Jun 2026
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