Can I convert MTF positions to Overnight on FYERS?

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:
  1. Submit your request between 9:00 AM and 9:00 PM, as requests outside this timeframe will not be processed.
  2. Ensure you have sufficient margin in your account to complete the conversion.
  3. 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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