Can I convert an MTF position to Overnight?
Yes, you can convert your Margin Trading Facility (MTF) position to an Overnight position (CNC).
Important considerations before converting:
Submit your request between 9:00 AM and 9:00 PM, as requests outside this timeframe will not be processed.
Ensure you have sufficient margin in your account to complete the conversion.
Once the conversion is successfully processed, the position will reflect in your holdings on the next working day.
Points to remember:
If the margin is insufficient or only partially sufficient, the position will not be converted.
Conversion requests are subject to our Risk team validation and are processed on the next working day.
If you sell the MTF position before the conversion is completed, the request will be automatically cancelled.
Note: You will receive confirmation of accepted or rejected requests via WhatsApp and email registered with FYERS.
To learn the step-by-step process for converting your position, refer to this article.
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What is the process to convert an MTF position to an Overnight position?
You can convert your Margin Trading Facility (MTF) position to an Overnight (CNC) position by following these steps: Steps to Convert an MTF Position to Overnight: Log in to your FYERS account via the web or mobile app. Navigate to the ‘Manage ...
Will Smart Exit close overnight positions automatically when either of the conditions are hit?
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Do I need to pledge/authorise my MTF holdings?
Yes, you need to authorise your MTF holdings via OTP on the day of purchase between 4:00 PM and 9:00 PM. If you do not authorize the holdings within this window, your MTF position will be treated as a normal holding, which could lead to a margin ...
Can I do BTST with MTF, and will I get the sell credit when I sell the next day?
Yes, you can execute BTST (Buy Today, Sell Tomorrow) using the MTF product type. Here’s what you need to know: Sell Credit: When you sell the shares the next day, the sell credit is received and can be used across all trading segments on the same ...
Which stocks are eligible for MTF trading?
The list of eligible stocks for MTF includes 1400+ stocks from NSE. A detailed list of these stocks and their corresponding leverage options can be found on the MTF page within the FYERS App or on our website, alongside the MTF Margin calculator, ...